Adani Green secures $400 million for 750 MW solar projects
Adani Green Energy Ltd has secured $400 million green loan for its under-construction solar projects in Gujarat and Rajasthan. The lenders include DBS Bank, Intesa Sanpaolo, MUFG Bank, Rabobank, and Sumitomo Mitsui Banking.
Fortum sells stake in 185 MW Indian solar portfolio
Fortum has signed an agreement to sell the remaining 43.75% share of its Indian solar power portfolio to Gentari Renewables India. Post divestment, the company still has EV charging services and a renewables development portfolio with projects at different stages in India.
Wall-mount hybrid inverters from VSole
Indian manufacturer VSole has introduced single-phase hybrid inverters in power output ratings of 3 kW to 6 kW. The inverters allow uninterrupted power to the connected loads with a UPS-level switching time of 4 ms.
SunSource Energy commissions solar power project for CtrlS
SunSource Energy is supplying clean power to the Noida Data Center of CtrlS from its open-access solar power plant in the Jhansi district of Uttar Pradesh.
Vikram Solar wins 250 MW module supply order from GIPCL
Vikram Solar will manufacture and supply bifacial PV modules for Gujarat Industries Power Co. Ltd’s project at the RE Park in Khavda village in Gujarat.
Declining battery costs to boost adoption of battery energy storage projects: ICRA
Battery prices reached an all-time low in 2023 led by the moderation in raw material prices amid the increase in production across the value chain
India installed 15 GW of solar capacity in FY 2024: CEEW-CEF
India added 18.5 GW of renewable energy generation capacity in FY 2024, comprising 81% (15 GW) from solar (grid-scale and rooftop).
Solar bloodbath: Titans clash in ruthless price war
The ongoing price war between top global suppliers could catalyse more competitive solar panel pricing in the Indian market, potentially leading to an increase in solar adoption at both the commercial and residential levels.
Avaada Energy secures $143 million SBI loan for solar project in Gujarat
Avaada Energy has secured about INR 1,190 crore ($143 million) as a 20-year project loan facility from State Bank of India (SBI). It will use the financing to support the development of its 400 MWp utility-scale solar PV power project in Gujarat.
SJVN launches 1.2 GW solar tender
SJVN is accepting bids to develop 1.2 GW of solar power projects, connected to the interstate transmission system, anywhere in India. Bidding closes on June 17.
