Uttar Pradesh tenders 1,000 MW PV projects
Uttar Pradesh’s UPNEDA has released a 1,000 MW tender for solar PV projects to be installed anywhere in the state. Bid submissions are due on February 2.
Safeguard duty – Indian government scores an own goal
India’s Director General of Safeguards (DGS) has proposed a provisional duty of 70% for a period of 200 days on solar cells and modules. It has issued its recommendations in a preliminary report, completed within just a month of submission of the petition by five Indian manufacturers including Mundra Solar, Indosolar, Jupiter Solar, Websol Energy and Helios […]
IFC to provide $440 million loan to developers of Rewa PV project
Three firms, Mahindra Renewables, Actis, and ACME group, will receive a combined loan of $440 million from the IFC for developing the Rewa Solar Park in Madhya Pradesh.
SECI postpones 2 GW tender and extends solar manufacturing EoI deadline
The Solar Energy Corporation of India has postponed the 2 GW PV project tender until further notice. The company has also extended the deadline for expression of interest for setting up the solar manufacturing plant in India until January 29.
ReNew Power raises $352 million to repay loans
ReNew Power Ventures Pvt. Ltd has raised $ 352 million via Non-Convertible Debentures to repay loans.
IFC to invest $50 million in Mahindra Renewables 250 MW PV plant
Mahindra Renewables has been awarded a 250 MW solar PV project in the Rewa district of Madhya Pradesh. It will receive financing to the tune of around US$50 million from the International Finance Corporation (IFC).
Orb Energy raises over $15 million for rooftop solar
The investments from Netherlands-based FMO and the U.S.’s OPIC will help to grow the company’s platform in India, which finances rooftop solar for SMEs. Orb Energy will also expand its Kenyan operations.
Delhi launches Solar City Initiative
Adding another notch to India’s impressive solar growth, Delhi’s power utility company, BRPL has launched a solar city initiative to boost India’s solar PV rooftop sector.
Azure Power wins 200 MW in SECI auction
Azure power has won a 200 MW solar PV project to be developed at the Bhadla Solar Park in Rajasthan, in an auction conducted by the Solar Energy Corporation of India (SECI).
India mulls 70% safeguard duty against imported solar cells and modules
India has proposed to impose safeguard duty at the rate of 70% for a period of 200 days on imported cells and modules coming from China PR and Malaysia.
