India added 1.9 GW of open-access solar capacity from January to September this year, a 96% rise over the same period in 2021.
The Chinese module maker will supply 1,292 MW of PV modules for Larsen & Toubro’s two solar EPC projects in Saudi Arabia.
The Indian multinational EPC provider has successfully closed a three-year $107 million sustainability-linked loan with Sumitomo Mitsui Banking Corp.
The modules are built with made-in-India cells and therefore eligible for government projects and schemes mandating domestic content requirement (DCR).
The developer has refinanced its 350 MW of solar projects with a long-tenor debt facility of $200 million.
The Energy Access Relief Fund, managed by Social Investment Managers and Advisors (SIMA), has approved $1.999 million for a subsidized 5% USD financing to Loom Solar.
The nation installed 9.3 GW of utility-scale solar, 1.3 GW of rooftop arrays, and 0.6 GW off-grid PV projects from January to September this year.
The Indian manufacturer has introduced wall-mount hybrid solar inverters with nominal power ratings of 3.68 kW, 4.6 kW and 5 kW. The inverters are compatible with both lead-acid and Li-ion battery.
UK-based Gravitricity will begin with pilot demonstration of its gravity energy storage systems in India as it eyes broader deployment in the long term.
The state government is accepting bids to deploy RESCO mode rooftop solar plants on government buildings in the state. Bidding closes on December 19.
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