The Hyderabad-based developer will use the funding from Swiss impact investor Symbiotics and Dutch banking majors Triodos and ASN to construct around 150 MW of new solar assets.
The company cited delay in sale completion of Neo Solren as the reason for the pact’s cancellation with CLP India. The subsidiary was formed to set up and operate solar plants in Telangana.
The tracked green finance for climate mitigation was an average Rs 124 thousand crore (US$19 billion) for FY 2017 and FY 2018, representing only about 10% of what the country required.
The country’s electric bus market has gained momentum owing to aggressive government push through FAME India [Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India] scheme and increased interest from global investors.
The region could, by 2050, cut greenhouse gas emissions from power, heat, transport and desalination which are expected to add up to more than 825 metric tons of carbon dioxide equivalent this year. Such a transition could be perfectly possible, technically and financially.
The International Solar Alliance signals India’s hope to be a global competitor in emerging technologies and cement its place as an institution builder. But how does India’s vision translate into domestic policy? Has India led by example?
India’s solar tariffs—whilst some of the lowest in the world—are almost double the Gulf region’s US¢1.35-1.80/kWh.
Having acquired a 37.5% stake in March, Yinson has now agreed to buy an additional 57.5% equity interest in Indian independent power producer Rising Sun Energy (RSE) with a cumulative operational capacity of 140 MW (AC) in the Bhadla Solar Park.
Mitesh Patel, Renewables Director-Asia, US-headquartered EPC player Black & Veatch, speaks to pv magazine about the key trends driving the solar market, especially in Southeast Asia, and strategies to improve the bankability of PV projects.
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