Gas utility GAIL connects country’s second-largest rooftop solar plant
GAIL, which is a state-owned provider of gas, commissioned a 5.76 MW rooftop PV array at its Pata petrochemicals plant in Uttar Pradesh at the end of 2017.
ReNew Power mulls purchase of Waaree Energies solar portfolio – reports
ReNew Power Ventures, which is backed by Goldman Sachs, is exploring an opportunity to acquire the solar assets of Waaree Energies ahead of a planned IPO, reports Mint.
India mulls solar cell import duty after petition by five local manufacturers
Five Indian solar firms have filed an application for the imposition of import duties on solar cells with the Directorate General of Safeguards in a move designed to boost domestic manufacturing and protect local interests.
Waaree Energies raises INR 1bn through Centrum-led investors
A structured credit deal has been struck between Centrum-led investors and Waaree Energies Ltd, an Indian solar power firm.
US to drag India back into WTO solar wrangle
Reuters reports that the United States is once again planning to take India back to a WTO ruling regarding an ongoing solar power dispute. Last year India lost the case against the U.S., which had alleged discriminatory practices in favor of domestic firms and against foreign competitors.
EIB partners with YES Bank to offer $400m funding boost to Indian renewables
Both the European Investment Bank and India’s YES Bank will provide $200 million investment to co-finance a series of solar and wind power projects across India.
India electrifies over 15,000 villages in last three years – MNRE
MNRE head, RK Singh says 15,183 Indian villages have been electrified, out of 18,452, as of November 30. Free electricity connections have also been granted to 44.41 lakh below poverty line (BPL) households under the government’s rural electrification scheme.
Oriano Solar commissions 40 MW thin film PV plant in Karnataka
Solar EPC firm, Oriano Solar has installed two 20 MW thin film PV plants in Karnataka. The modules, based on CdTe technology, are procured from U.S.-based company First Solar.
Emmvee’s solar heater fab goes green with 1 MW rooftop PV
Bangalore-based solar module manufacturer, Emmvee has commissioned a 1 MW rooftop PV plant at its solar water heater manufacturing facility in Dobespet, Karnataka.
Stable outlook for Indian power sector – Moody’s
Moody’s Investor Services and its Indian affiliate, ICRA Limited have announced that India’s power sector will see stability over the next 12 to 18 months, reflecting the government’s policy initiatives and established industry.
