The green bond offering will be the first of its kind to be issued in India, and comes via Azure Power’s stated aim to continue promoting and investing in renewable energy in the country.
The $625 million program, which is being financed by the World Bank, will provide private developers with financing for viable grid-connected rooftop PV projects.
The Indian industrial conglomerate is currently planning to build a 150 MW vertically integrated PV panel manufacturing facility.
The Ministry of New and Renewable Energy has initiated the second phase of its CPSU program to provide installation capacity totaling 7.5 GW of solar projects made using domestically manufactured solar cells and modules.
Swansea University will lead a consortium of 12 British and Indian universities on a £7 million project to build five solar-powered buildings in remote Indian villages that will be fully self-sufficient.
French clean energy developer Engie is reportedly discussing a partnership with Indian roofing manufacturer Everest Industries to develop “solar-ready” rooftop solutions for the under-served distributed generation market.
Report by market analysts forecasts India to become world’s third-largest solar market for 2017 but warns of headwinds including rising competition forcing down tariffs, uncertainty caused by anti-dumping issue, and potential rising module prices.
Japan’s New Energy and Industrial Technology Development Organization (NEDO) has started operating a microgrid powered by a 1 MW solar array in western India.
Bids have been invited for 110 MW of grid-connected solar projects in the Indian state of Maharashtra, in two separate tenders with September 26 as the submission deadline.
The large-scale project will be owned and developed by IBC solar in Odisha.
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