Azure Power Announces Results for Fiscal Second Quarter 2018
As of September 30, 2017, Azure power has 1,381 MW operating & committed, an increase of 35% over September end 2016. Revenue for the second quarter was INR 1,823.8 million ($27.9 million), an increase of 104% over the quarter ended September 30, 2016. The company’s adjusted EBITDA for the quarter was INR 1,499.5 million (US$23.0 million), an increase of approximately 167% over the fiscal second quarter 2017.
MYSUN use Solar to fight against Delhi’s pollution
MYSUN will wave off all the processing fees for customers for a limited time. First EMI will also be waived off under the MYSUN-Flexi Pay scheme. Going solar is a proactive way of dealing with air pollution, and making Delhi/NCR clean again.
Actis look at sale of Ostro Energy to ReNew Power
Ostro Energy acquisition by ReNew Power Ventures may rank among India’s biggest renewable energy deals.
International Solar Alliance is now an international legal body
The international solar alliance framework agreement receives 15 ratifications, as the Republic of Guinea becomes the 15th country to do so. The founding ceremony of ISA is scheduled for December 08, 2017 in Greater Noida, India.
responsAbility and Cleantech Solar will develop rooftop solar in Asia
responsAbility and Cleantech Solar have signed an agreement for $20 million to finance rooftop solar energy for commercial and industrial customers in South-East Asia and India.
EREN RE and EDF commission 87 MW solar capacity in India
EDEN, a joint venture between EREN Renewable Energy and EDF Energies Nouvelles, has installed three solar power plants in India amounting to 87 MW. The JV now operates 200 MW capacity in India.
NHPC to build 150 MW Solar in India
India’s power generation company National Hydroelectric Power Corporation (NHPC) is presently installing 50 MW of Solar in Tamil Nadu State and is expected to add 200 MW by 2019.
Global Environment Facility along with ADB will provide $454 million funding to EESL clean energy projects
Energy Efficiency Services Limited EESL’s projects, under one of the largest funding by Global Environment Facility (GEF) to date, will mitigate 60 million tons of CO2 emissions. UN Environment’s ‘District Energy in Cities’ initiative already identified $600 million of energy efficiency projects across five cities in India.
EBRD to provide financial assistance to International Solar Alliance
International Solar Alliance (ISA) and the European Bank for Reconstruction and Development (EBRD) have signed the joint financial partnership declaration to support solar energy projects developed under ISA programs.
India has installed 810 MW rooftop solar to date
The Indian government has achieved only 17% of the set targets for the 2017-18 financial year, which is just 2% of the goal of 40 GW grid-connected solar rooftops by 2022. MNRE will soon propose new schemes to improve the sector.
