International Solar Alliance at COP23: Welcoming the reign of the Sun
One of the sessions at CoP23 has served as the Curtain Raiser for the ISA’s upcoming founding ceremony. It has featured presentations on ISA programs and the Common Risk Mitigation Mechanisms (CRMM) report, as well as a panel discussion on the global effort to accelerate solar energy deployment.
EESL India owned EPAL partnered with Leclanché to invest $12 million into first utility-scale storage project in Canada
The project will improve stability on Canada’s largest transmission grid by managing unbalanced supply-demand situations. Similarly, Indian PSUs owned EESL, through EPAL, will also be a part of $175 million investment in clean energy initiatives in the UK’s public and private sectors.
Azure Power announces results for fiscal second quarter 2018
As of September 30, 2017, Azure power has 1,381 MW operating & committed, an increase of 35% over September end 2016. Revenue for the second quarter was INR 1,823.8 million ($27.9 million), an increase of 104% over the quarter ended September 30, 2016. The company’s adjusted EBITDA for the quarter was INR 1,499.5 million (US$23.0 million), an increase of approximately 167% over the fiscal second quarter 2017.
MYSUN use Solar to fight against Delhi’s pollution
MYSUN will wave off all the processing fees for customers for a limited time. First EMI will also be waived off under the MYSUN-Flexi Pay scheme. Going solar is a proactive way of dealing with air pollution, and making Delhi/NCR clean again.
L&T Infotech and GE Digital as IIC members will deploy the Digital Testbed at solar plant in Rajasthan
The Digital Solar Plant Testbed evaluates solutions to accurately predict energy generation, improve utilization and reduce maintenance costs. IIC has estimated that 30% reduction in O&M expenses with the help of accurate forecasting will save around $15 million/year for utilities managers.
Actis look at sale of Ostro Energy to ReNew Power
Ostro Energy acquisition by ReNew Power Ventures may rank among India’s biggest renewable energy deals.
Maharashtra CM launches Solar feeders project for the farmers
The first project under the “Mukhyamantri (Chief Minister) agricultural feeder scheme,” to provide 12 hours per day electricity access to farmers has launched in Maharashtra.
ISA framework agreement receives 15 ratifications
The international solar alliance will now be an independent legal body, as the Republic of Guinea becomes the 15th country to ratify. The founding ceremony of ISA is scheduled on December 08, 2017 in Greater Noida, India.
Sterling & Wilson to install 500 MW in Australia
Sterling & Wilson plans to expand its Solar EPC footprint in Australia. The projects could attract investment of AUD 600 million ($ 459.54 million).
Delhi to add 1,000 MW Solar to its energy mix by 2019
Delhi power minister is aiming to have 15% renewable energy by 2019. Delhi government will buy solar power from plants to be installed across the country in next one and half years.
