Cygni Energy raises US$6.4 million, aims to triple solar DC capacity
Hyderabad based Cygni Energy plans to utilize the capital to triple its solar DC solutions production capacity from 4,000 units to 12,000 by H1 2019, develop new technology-enabled products and streamline the product lifecycle, as well as expand nationally and internationally.
Funding the key obstacle to renewables in Asia
Banks categorize renewable energy projects as risky and believe they offer lower rates of return than fossil fuel schemes, making them reluctant lenders.
SECI issues 250 MW tender for Maharashtra solar park
Bidders can apply for the whole capacity or 50 MW sections, and the maximum payable tariff for the energy generated cannot exceed Rs2.93/kWh. The electricity generated will be sold to the state power company.
Uttar Pradesh, Haryana will lead open access solar by 2022
States such as Karnataka and Madhya Pradesh, which previously took the lead in terms of installed solar capacity, are likely to take a back seat on this issue, due to the rollback of incentives.
Will the falling rupee scupper India’s solar dream?
The currency is reaching new lows. As concerns about Turkey’s economic woes persisted last week, the rupee hit a record low of 70.32 to the dollar, having breached the historic 70 mark earlier in the week.
Almost 60 GW of new solar by 2023
A combination of national, state and public body commitments could see the amount of PV added nationally treble on the last four-year period. But even with a new 7-8 GW added, rooftop solar will still be bringing up the rear.
State-owned miner plans 300 MW of solar
The Singareni Collieries Company plans to pump more than Rs400 crore into nine PV projects across its operations in Telangana state. The largest of the new installations will be two 60 MW plants.
KfW signs €200 million loan agreement with REC for rural PV development
In 2015, Germany and India signed a deal outlining plans by Germany to provide loans amounting to €1 billion for the development of Indian solar PV plans. Loans are provided through development bank, KfW. On the Indian side, REC issues low-interest loan schemes in conjunction with private sector participation to disperse the funds.
Solar Imports: India defers safeguard duty, provides relief to ongoing projects
Even though postponing the duty on solar cell imports from China and Malaysia is not a long-term resolution, it will offer relief to developers with ongoing PV projects, especially for those with shipments in transit or which arrived after 30 July.
Sungevity pursues plans to build 100 MW site in Mizoram
The solar company has handed in detailed project reports for a planned 100 MW PV plant in Mizoram. The state introduced an incentive scheme last year, and held an investors summit in April of this year. According to company information, the project arose from the summit held in April.
