Equis Energy snapped up by GIP in record $5bn renewables deal
The Singapore-based renewable energy developer has agreed to be sold to investment fund Global Infrastructure Partners. China Investment Corp, Canada’s PSP Investments and other co-investors are also involved in the deal, which is the largest yet seen for the renewable energy industry.
Indian large-scale solar growth could slow to 5-6 GW next year, finds Bridge to India
The Indian solar market is presently undergoing many challenges, including the GST effects, high module process and decelerating power demand. India’s utility sector is expected to stabilize at a much lower 5-6 GW growth rate per annum for the next two-three years, says Bridge to India.
NTPC set to enter EV charging stations business
The National Thermal Power Corporation Ltd (NTPC), India’s largest power generation company, is seeking pan-India license to accelerate its electric vehicle charging stations business.
Fortum says it is not exiting the Indian solar market
The Finnish utility has reiterated its commitment for the Indian PV market, after a media article had reported that the company is seeking to sell its solar assets in the country.
Jakson Group to add 1.25 GW of solar manufacturing capacity in India
The Indian energy solution provider Jakson is making an INR 7 billion ($0.11 billion) investment to build 1 GW of solar module manufacturing capacity and a 250 MW solar cell manufacturing plant in Gujarat.
Fortum-NBCC and ABB pledge to build EV charging stations in India
Fortum will collaborate with NBCC, India to develop 150 electric vehicle (EV) charging stations in India over the next 18 months, while ABB has bid for the tender to provide 4,500 charging stations across the country.
AECEA: 50 GW within reach for 2017 installations in China
According to the latest briefing from Asia Europe Clean Energy Consultants (AECEA), China is likely to install more than 50 GW of PV in 2017, a second consecutive record breaking year for the world’s leading market.
India installs largest floating solar plant to date
The 500 kW floating solar plant in the Wayanad District of Kerala, commissioned by Adtech System Ltd, is the largest floating solar plant in India.
CLEAN invites proposals for storage-backed mini grids in India
The Clean Energy Access Network (CLEAN) has requested lithium-ion battery OEMs to demonstrate the efficacy of mini grids in the range of 15-20 kW, based on a lithium-ion battery storage system.
Orange Renewable Commissions 140 MW Solar Projects in Gujarat and Maharashtra
The power developer has installed 40 MW in Gujarat and 100 MW in Maharashtra under VGF scheme and will receive power tariff of INR 4.43 ($0.07)/kWh for the next 25 years.
