Azure Power announces results for fiscal second quarter 2018
As of September 30, 2017, Azure power has 1,381 MW operating & committed, an increase of 35% over September end 2016. Revenue for the second quarter was INR 1,823.8 million ($27.9 million), an increase of 104% over the quarter ended September 30, 2016. The company’s adjusted EBITDA for the quarter was INR 1,499.5 million (US$23.0 million), an increase of approximately 167% over the fiscal second quarter 2017.
ABB to supply inverters for Solar charging stations for E-Rickshaws
Three wheeled auto rickshaws that still operate in large numbers as a mode of transport in India are going E-Way. A solar charging station scheme in the city of Jabalpur, Rajasthan will help to reduce charging costs by 25%.
Haryana: Ultimate Sun Systems commissions 500 KW expansion
The expansion was of the 1 MW rooftop solar plant at the Maharshi Markandeshwar Engineering college in Mullana, Haryana.
Tata Power commissions 25 MW solar plant in Gujarat
Tata Power Renewable Energy Ltd. has installed 25 MW part of Gujarat solar park. The PPA is signed with SECI at the rate of INR 4.43 ($0.068)/kWh. The company was also awarded for early commissioning of 100 MW solar plant in Karnataka.
EREN RE and EDF commissions 87 MW solar capacity in India
EDEN, a joint venture between EREN Renewable Energy and EDF Energies Nouvelles, has installed three solar power plants in India amounting to 87 MW. The JV now operates 200 MW capacity in India.
Sterling & Wilson to install 500 MW in Australia
Sterling & Wilson plans to expand its Solar EPC footprint in Australia. The projects could attract investment of AUD 600 million ($ 459.54 million).
Delhi to add 1,000 MW Solar to its energy mix by 2019
Delhi power minister is aiming to have 15% renewable energy by 2019. Delhi government will buy solar power from plants to be installed across the country in next one and half years.
India has installed 810 MW rooftop solar to date
The government has achieved only 17% of the set targets for the 2017-18 financial year, which is just 2% of the goal of 40 GW grid-connected solar rooftops by 2022. MNRE will soon propose new schemes to improve the sector.
NHPC to build 150 MW Solar in India
Power generation company National Hydroelectric Power Corporation (NHPC) is presently installing 50 MW of Solar in Tamil Nadu State and is expected to add 200 MW by 2019.
AGV installs first canal-top solar plant in Rajasthan
AGV commissioned the 2MW solar PV plant, which is expected to generate more than 2.4 million kWh energy annually.
