India’s ReNew Power secures $390 million in multilateral financing
The independent power producer will use the long-term debt financing to build 398MW of solar capacity in the Indian states of Telangana and Jharkhand, as well as 311 MW of wind farms.
Mercom: India falls behind on installation targets
With 25 of India’s states falling behind on Renewable Purchase Obligation targets, the country’s Ministry of New and Renewable Energy (MNRE) is now requesting that the individual states take action to ensure compliance.
Tata Power’s PV capacity soars to 990 MW in 10 months
The Indian group’s solar portfolio has swelled by roughly 930 MW over the past 10 months, largely on the back of its $1.45 billion acquisition of Welspun Group’s 1.15 GW clean energy business last spring.
AES, Mitsubishi tie up on India’s first grid-scale storage array
The U.S. power group and the Japanese industrial giant will jointly supply a 10 MW Advancion energy storage bank to help integrate renewables such as solar into a grid network operated by Tata Power Delhi Distribution (Tata Power-DDL) in New Delhi.
Tata Power and Adani top India’s solar developers, ABB is biggest inverter supplier
Extensive research from Mercom Capital has found that up until the end of 2016 Tata Power was the largest operator of utility-scale solar in India with almost 10% of the market, while Swiss company ABB has the largest market share of the PV inverters in the country, although the Chinese manufacturers are expected to make a surge soon.
Mercom: Total solar corporate funding falls 64% in 2016
It was not a pretty year for solar finance, but some sectors remained unscathed.
NexTracker to supply 30 MW project in Tamil Nadu
U.S. tracker manufacturer NexTracker announced this week that it will partner with project developers CleanMax Solar to supply 30 MW of its NX Horizon single axis trackers to a project in Tamil Nadu, India.
Indian firms request more time to install rooftop plants
With India’s rooftop market set to boom in 2017, the Faridabad Industries Association (FIA), which represents businesses in the Faridabad region of India, has requested an extension to the December 31st 2016 deadline to install rooftop solar on commercial and industrial units.
TerraForm Global warns of continued losses for 2016
The yieldco’s first statement regarding its 2016 financials shows plenty of cash, but Global is remaining in the red overall.
IFC invests $125 million in India’s Hero Future Energies
IFC is picking up an equity stake in Hero Group’s renewable energy division, which it says will enable it to build 1 GW of solar and wind plants in India.
