Finance

The EIB has also confirmed that it will provide $940 million in financial support for Indian renewable Energy.

It is expected that more and more Indian developers will be listed on IPOs in the coming years as an effective means to raise the equity for new power projects.

Net proceeds from the bond will be used to finance the construction of several large-scale solar and renewable energy projects across India.

A slight variation from last auctioning results which had lowest bidding at INR 2.44/kwh at Bhadla Solar Park in Rajasthan.

Troubled PV module supplier Moser Baer Solar (MBSL) has asked the Central Bank of India to postpone its loan repayment schedule on claims that its business prospects have been damaged by a deluge of cheap Chinese PV modules that have flooded into the Indian market.

The standing committee on energy, comprising members of the lower and upper assembly of the parliament, and the secretariat, has released a report recommending vital changes to boost India’s National Solar Mission of 100 GW by 2022.

The infrastructure fund of IDFC Alternatives has signed an agreement to purchase 190 MW worth of solar PV assets from First Solar Power India, an affiliate of First Solar Group. The projects are located om the states of Andhra Pradesh and Telangana.

The Indian Ministry of Finance has imposed an antidumping duty on tempered glass imported from China in the range from $64.04 to $136.21 per metric ton.

Growth in the booming Indian solar market, heavily reliant on Chinese modules, could slow as strong Q3 demand for panels in China and the U.S. push up prices and impact Indian firms’ financial modelling.