Azure Power announces results for fiscal third quarter 2018
As of December 31, 2017, Azure power has 1,580 MW operating & committed capacity, an increase of 48% over December end 2016. Revenue for the third quarter was INR 1,739.9 million ($27.3 million), an increase of 83% over the quarter ended December 31, 2016. The company’s adjusted EBITDA for the quarter was INR 1,226.9 million (US$19.2 million), an increase of approximately 76% over the fiscal third quarter 2017.
Tamil Nadu can reach 13.8 GW solar by 2027, finds IEEFA
The Institute for Energy Economics and Financial Analysis (IEEFA) has stated that Tamil Nadu is India’s national model for low-cost renewable electricity generation. It finds that the state has the capability to increase its solar capacity six-fold in the next 10 years.
Shapoorji Pallonji group has put its entire solar portfolio on the market
Credit Suisse, a swiss financial services firm, is appointed as an advisor for the deal, and the total value of the transaction is estimated at around $180 million.
Government probes anti-dumping imports of solar glass from Malaysia
Following a complaint from Indian glass specialist Gujarat Borosil ltd, the government has initiated an anti-dumping probe for the imports of solar glass.
India to develop 60 solar cities
MNRE has sanctioned around $1 billion for the development of 60 solar cities in India. The government has also conferred the development of 52 green campuses.
Budget 2018-19 – What’s in there for solar?
India’s budget disappoints a solar industry still hungry for clarity on duties, tariffs and additional support. Here is a breakdown of the budget’s main points, with reaction from industry.
Guyana, and Togo ratify ISA framework
With two new countries, the Republic of Guyana, and Togo, the number of nations to have ratified the International Solar Alliance (ISA) framework agreement has reached 21. ISA will host 6th International Steering Committee (ISC) meeting on February 20.
World Bank, IREDA sanction $33 million for solar parks in Madhya Pradesh
Under the World Bank and IREDA’s $100 million proposals for solar park development, IREDA has approved its first loan of $33 million to Rewa Ultra Mega Solar Limited (RUMSL) in Madhya Pradesh.
India’s solar status 2017 w/ charts, Bridge to India
India’s solar sector witnessed a huge growth in 2017. The country is close to 20 GW cumulative solar installation at the end of January 2018. Bridge to India has released several charts comparing renewable installations, tariff rates, and upcoming projects. The data shows India installed 8.5 GW utility-scale and 1.4 GW rooftop solar in 2017.
India requests WTO panel to rule on compliance over solar dispute
India is calling for a special meeting of the World Trade Organization’s (WTO’s) Dispute Settlement Body (DSB), to be held on February 9, to consider its request to resolve the disagreement between India and the U.S.
