EFL raises $10 million to expand green lending portfolio
Pune-based Electronica Finance Limited (EFL) has raised $10 million from a climate fund managed by Swiss impact investor responsAbility to diversify its SME lending offering and to expand into financing solar PV for the commercial and industrial markets.
Shuttl will add 300 e-buses by 2020, BRPL fleet to go all-electric by 2030
Mobility company Shuttl will also set up more than 50 EV charging points in prime locations and state-run power distributor BSES Rajdhani Power Limited will invest in testing facilities to support stabilizing the grid for EV charging, as well as pilot schemes on effectively integrating renewable electricity into its network.
Off-grid villages in Uttar Pradesh go 100% solar
Lack of road access meant PV panels had to be brought in by boat to be installed on the roof of every home under the government’s Saubhagya rural electrification scheme.
Singapore’s AM Holdings setting up 24 MW floating solar plant at Indian petrochemical arm
The floating solar power plant—to be developed by AM International’ Greenam Energy—will be located in Tuticorin plant of Southern Petrochemical Industries Corporation (SPIC). The power generated will be used to meet SPIC’s electricity requirements and the excess will be sold to the state power utilities.
Oriano Solar commissions 18.75 MWp for Aditya Birla Renewables in Chhattisgarh
Currently, the Mumbai-based solar EPC firm is executing 134.5 MWp of solar projects to be commissioned by September 2019. It expects to surpass cumulative installation of 350 MWp by the end of this financial year.
Petronas jumps into PV market with Amplus acquisition
The Malaysian oil and gas group has purchased solar developer Amplus Energy Solutions from infrastructure investor I Squared Capital. No financial terms of the deal have been disclosed.
NTPC arm tenders 500 KW grid-connected rooftop solar
Kanti Bijlee Utpadan Nigam Limited (KBUNL), a wholly owned subsidiary of NTPC Limited, has invited bids for setting up of 500 KW of rooftop solar PV capacity on various buildings of its plant for Muzaffarpur Thermal Power Project in Bihar. The project will be awarded based on domestic competitive bidding. The deadline for bid submission is May 8.
India’s solar sector will outperform globally despite near-term challenges, says Fitch Solutions
With Narendra Modi being tipped to triumph again in the current Indian elections, Indian solar capacity is expected to grow robustly, at 15.3% per year, on the back of continued strong government support.
Orb Energy begins third phase of one of India’s largest multi-site PV rooftops
The solar manufacturer is installing three rooftop systems in Karnataka and Tamil Nadu for polypropylene woven fabric maker Klene Paks. The units will have a cumulative capacity of 7.63 MW.
China sheds light on transition to subsidy-free solar
An emphasis on grid-parity PV has been hammered out in the latest policy document to emerge after several weeks of haggling in Beijing. Chinese analyst AECEA says the success of the subsidy-free effort will hinge on the ability of power companies to transmit and guarantee consumption of the power generated by new projects.
