Exide Industries JV partner gets debt restructuring lift

Swiss battery maker that intends to bring production lines to Gujarat has been helped along in a planned reduction of its debt pile by its domestic authorities. The way is now clear for a shareholder vote next Tuesday.

Exide Industries JV partner prepares for debt restructuring

Historic Swiss brand Leclanché is on an expansionist trail, notably in India and low-carbon shipping, but restructuring its debts will involve ceding even more control of the venerable company to institutional investors.

Government again attempts to woo foreign manufacturers

Ministry of Science and Technology has reissued a plea for overseas solar companies to partner up with Indian concerns to kick-start production lines.

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Solar leads renewables charge – but not fast enough

Latest forecasts predict capacity expansions of ever cheaper PV and wind power generation up to 2030 will do little to dethrone king coal in India.

Azure Power agrees Rs2.59 tariff for latest 300 MW project

The developer will supply energy to the NTPC under a 25-year PPA and can build the project anywhere in India, with construction slated to finish in early 2021.

Uttar Pradesh prepares to procure another 550 MW of solar

The state has set an electricity price ceiling of Rs3.10/kWh and reserved the right to cancel the auction if it doesn’t fancy the resulting tariff. Bidders can go for projects ranging in size from 5 MW up to the whole capacity on offer.

Hitting 76% of its solar ambition would still be some achievement for India

Analysts are weighing into the debate over the MNRE’s big solar plans, but pointing out that even a partial victory would set the foundation for future solar triumphs.

Mauritius installs the first wave of 10,000 solar rooftops

The Indian Ocean state has received $10m in concessional loan funding from the development agency of Abu Dhabi, in a program co-financed by the International Renewable Energy Agency.

Indian EPC eyes central Asian markets

Sterling and Wilson wants to construct 200 MW of PV in Kazakhstan in the next two years and says it is eager to get a slice of the Uzbek market too.

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Saft buys out JV partner and announces lith-ion investment

The historic French brand says it will focus on rail, telecom and infrastructure, but environmentalists hoping the move finally heralds a breakthrough for electric vehicles in one of the world’s biggest transport markets appear set to be disappointed.

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