Adani Solar is the fourth Indian solar PV panel manufacturing company to bagged the renowned tier-1 rating from BNEF. It gives a fresh impetus to India’s solar energy sector. Currently, the company has 1.5 GW solar module and cell manufacturing capacity.
The New Delhi-based solar energy firm has won 100 MW at Pavagada solar park in Karnataka and 30 MW solar rooftop projects with Indian railways across 12 states in India.
At the tenth International Solar Alliance (ISA) monthly get-together and stakeholders meeting, held today in Noida, India, Interim Director-General of ISA announced that the World Bank is handling the common risk mitigation mechanism, and they need two years to complete the feasibility study. ISA believes that CRMM will help to get access to finance at lower cost and in larger volumes for solar-related projects in ISA member countries. European Investment Bank is developing a financial facility for off-grid projects in ISA member countries, combining the grant and debt finance.
In an exclusive interview, Adani Green Energy Ltd (AGEL) CEO, Jayant Parimal, tells pv magazine the renewable energy company is looking to to expand both its module and cell manufacturing facility to 2 GW capacity. Moreover, it is also looking to develop floating solar PV projects in its home market, India, in addition to continuing its focus on the utility-scale solar and wind sectors.
Ecoppia’s water-free robotic cleaning solution of PV power plant is the priority in the water-deficient area of Bhadla, Rajasthan. The Israel based company won all the tenders for water-less robotic cleaning technology issued by tier-1 players in 2017, cementing its dominance in India.
The first of its kind solar kit will make clean energy available across the country. The kit can be installed in 30 minutes and is available in the range of 1-5 KW. Pronto benefits to also extend to small-scale industries. It aims to revolutionize rooftop solar in India.
Finance in developing countries: Economics teaches that capital flows from where it is in surplus to where it is in demand. But that is not the case with renewable energy. The biggest pots of institutional capital in advanced economies are not shifting to developing ones. It is time to take a hard look and develop solutions that resolve this anomaly.
The projects developed through special purpose vehicles (SPVs) are located across three states in India: Telangana (210 MW), Rajasthan (60 MW), and Maharashtra (70 MW). The company told pv magazine that it is looking at solar-wind hybrid projects, citing them as good solutions for better grid utilization.
CETC (India) has broken ground on an around US$49 million 200 MW solar PV cell manufacturing facility in the state of Andhra Pradesh. It will produce both standard polysilicon and PERC monocrystalline cells pv magazine has learned.
The project is part of the 750 MW Rewa solar park in Madhya Pradesh. YES Bank has also reaffirmed its commitment to mobilize US$5 billion for financing solar power projects in India by 2030 with the International Solar Alliance (ISA) at the latter’s founding ceremony in New Delhi, held last week.
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