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.
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%.
The expansion was of the 1 MW rooftop solar plant at the Maharshi Markandeshwar Engineering college in Mullana, Haryana.
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.
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.
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.
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