MNRE clarifies solar domestic content requirement on back of India-US argument

Clarification on India’s solar domestic content requirement (DCR) under the country’s National Solar Mission has been made by the Ministry of New and Renewable Energy (MNRE), after the U.S. again dragged India to the World Trade Organization (WTO) for non-compliance.

Husk Power Systems receives $20m investment from Shell, Swedfund and ENGIE

To scale up its mini grids business in Asia and Africa, Indian energy startup Husk Power systems has received sizeable financial backing from international investors.

Support grows for India in WTO tiff with US

The European Union as well as Brazil, China and Japan indicate their support for India in the WTO dispute against the U.S. Consensus appears to be that trade retaliatory measures are unjustified. The DSB chair concluded by noting the matter has been referred to arbitration in line.

Maharashtra’s Mahaparivartan to purchase 1 GW of solar power in 2018

The power transmission company of the state is planning to purchase 1 GW of solar power this year.

Maharashtra planning floating solar plant on Irai dam

The Indian state of Maharashtra is considering a floating solar application and is conducting a feasibility study to install solar panels on the Irai dam, located in the Chandrapur region of Maharashtra.

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.

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).

3

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.

India’s impressive solar achievements in 2017

2017 was a busy year for India’s solar industry. As of the end of November, the country had installed around 5.5 GW of PV. With its ambitious renewable energy goals, it is paving the way to becoming a world leader in the industry. Overall, the country saw a rapid increase in renewable energy activity, with solar dominating almost 48% share of total capacity installed.

1