Expressions of interest (EoI) for the assets of bankrupt Moser Baer Solar are likely to be invited this week, resolution professional Arvind Garg announced. The company owes over Rs 1,000 crore to a number of lenders.
In a much-awaited move, India’s Ministry of New and Renewable Energy (MNRE) has mandated that, effective April 16, 2018, all solar PV manufacturers will have to register their equipment with the Bureau of Indian Standards (BIS).
The governments of the U.K. and India have announced a new green fund, managed by Lightsource BP and the Everstone Group, which will see up to £500 million invested in green energy in India. The U.K. has also joined the Indian-led International Solar Alliance (ISA).
In the latest edition of its long-term renewable energy outlook, the International Renewable Energy Agency (IRENA) calls for at least six-fold deployment of renewables by 2050, compared to the levels set out in current plans. Investment in low-carbon technologies needs to increase by around 30% to $120 trillion to enable the energy transition and avoid escalating stranded assets, the report finds.
Jayant Parimal, Adani Green Energy Ltd CEO, speaks to pv magazine about the recent trade conflicts India is suffering. He talked about the background of the duties, why it all became so complicated and its impacts on installation growth and manufacturing sector.
For two separate projects, Madhya Pradesh state is witnessing delaying and associated losses. In one, ReNew Power has been slapped with $1.68 million fine for delays to a 51 MW PV project, and in another case, BHEL’s proposed 10 MW solar plant obstructed by state government.
The U.S. headquartered inverter company has mentioned that the new Enphase IQ microinverter enables faster installation and reduce maintenance costs for installers. Moreover, new technology will produce 18% more power and will be 31% lighter and 15% smaller than the current M-Series microinverters.
ReNew Power Ventures Pvt Ltd has expected to raise $800-900 million through the IPO, which it is planning to file in the coming two weeks. The renewable company has asked nine investment banks to manage the IPO.