India’s Sterling and Wilson to build 54.3 MW solar plant in Zambia
The PV plant will be the nation’s largest once complete, and will be implemented under the International Finance Corporation’s Scaling Solar program.
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.
ACME Cleantech plans 2-3 GWh lithium-ion battery manufacturing by 2020
Clean energy solution provider ACME Cleantech is planning to expand its current li-ion production capacity of 350 MWh to as much as 3 GWh by 2020. The company has also designed a charging plus swapping station for li-ion batteries to provide clean transport solutions.
Siemens Gamesa bags two Indian solar projects with combined 160 MW capacity
The renewable energy developer will build a 100 MW solar farm in India’s Tamil Nadu for a major utility, and an additional 60 MW solar plant in Karnataka for an independent power producer.
Think Energy, EverStream joint venture confirms 55 MW Karnataka project
The KREDL tender for a 55 MW solar project was won by a joint venture between Think Energy and EverStream Capital Management. The JV has also won 23.39 MW of rooftop capacity under a SECI auction.
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.
Andhra Pradesh releases status of renewable energy installations
Solar tops the installation list in 2017-18 with 264 MW of capacity commissioned to surpass wind for the period. Wind power remains leading renewable resource, as of January 31, 2018.
Germany’s ISFH announces 26.1% efficiency for p-type crystalline cells
The Institute for Solar Energy Research Hamelin (ISFH) and the Leibniz Universität Hannover claim that this result is a world record for p-type silicon material, as well as a European record for crystalline silicon.
Mahindra Susten commissions 2.2 MW rooftop plant in Rajasthan
One of India’s leading solar EPC companies, Mahindra Susten has commissioned a 2.2 MW rooftop solar PV plant for a textile factory in Bhawanimandi, Rajasthan. The company claims it is the largest rooftop plant in the desert state.
