Uma Gupta
Distributed solar lender cKers Finance raises $5 million from US investor New Energy Nexus
The New Delhi based lender—which has funded over 45 MW of distributed solar energy assets—will use the new investment to catalyze the growth of residential and commercial solar systems, solar pumps, floating solar and solar cold chains in India.
Gujarat approves Rs 13.61 crore solar projects for water treatment plants
These solar plants—installed for eleven nagarpalikas (municipalities) in the State—would generate approximately 2,835 KW power, saving Rs 2.94 crore in the electricity bills.
Belectric commissions 250 MW solar project in Karnataka
The utility-scale PV project, which Belectric built for Fortum Solar India across five sites, is the largest amount of solar capacity that the German EPC services provider has commissioned in the country thus far.
Ministry explores alternatives to bank guarantees for solar projects
Lobby group the National Solar Energy Federation of India has welcomed the move and asked the Ministry of New and Renewable Energy to extend any such measures to existing contracts to help developers meet working capital requirements.
REIL tenders solar projects in Maharashtra and Uttarakhand
March 27 is the last date to bid for ground-based, grid-interactive solar power plants ranging from 500 kWp to 2 MWp or more at various locations/sub-stations of Maharashtra State Electricity Distribution Company Limited (MSEDCL). Bidding for 100 kWp to 500 kWp grid-interactive rooftop solar plants in Uttarakhand closes on March 21.
DGTR initiates review of safeguard duty on solar cells and modules
An application seeking continued imposition of the safeguard duty for a further period of four years was filed by Mundra Solar PV, Jupiter Solar Power and Jupiter International, through the Indian Solar Manufacturers Association (ISMA).
Optimistic solar outlook dimmed by COVID-19 – Bridge To India
Developers are also expected to drag their heels over project completion during the first half of the year as the safeguarding duty applied to imported Chinese and Malaysian solar products is due to expire at the end of July.
India’s solar module imports from Thailand double in 9 months
While China continues to be the top solar module exporter to India, Thailand doubled its module exports to India from $55.05 million in 2018-19 to $110.39 million during the first nine months (April-December) of the current fiscal. Vietnam’s module exports to India also rose sharply from $91.97 million to $127.21 million.
ARCI develops fuel cell technology to power disaster management systems
Fuel cell systems provide sustainable electricity using hydrogen gas without the need of grid power as required by conventional battery backup systems, making them highly useful for applications like Emergency Operation Centres which need to respond immediately during an emergency situation with state-of-the-art communication systems.
India Ratings maintains stable outlook on solar sector for FY2020-21
Contracted revenue, minimal volume risk and moderate-to-strong counterparties mitigate cash flow concerns in solar assets.
