Waaree Energies eyes 100 MW rooftop solar in 2019-20
The Mumbai-based solar PV panel manufacturer and EPC contractor aims to commission 100 MW rooftop projects in the financial year 2019-20, generating a revenue of Rs 400 crore from this segment alone.
Field-installable solar panel coating gets funding boost
US-based Pellucere Technologies, Inc. has secured funding to commercialize its MoreSun coating that increases solar module energy output by more than 4%.
Concessional finance can make solar and batteries cost-competitive faster: BNEF
The higher the cost of a technology, the greater the potential impact concessional finance can make. For a lithium-ion battery project, reducing capital costs by even one percentage point can reduce energy generation costs by $10/MWh.
ReNew Power secures fresh $350 million from US investor
The Gurugram-based independent power producer has secured fresh debt financing of up to US$ 350 million from the US government-owned Overseas Private Investment Corporation (OPIC). This follows an earlier round of financing in March 2016 when OPIC had granted a loan of US$ 250 million to ReNew Power.
Greenko raises fresh $550 million from Singapore and Abu Dhabi investors
This is the third round of Greenko investment by Singapore’s sovereign wealth fund GIC Holdings and Abu Dhabi Investment Authority (ADIA), taking their total in the Indian renewable energy firm to $2 billion.
Gujarat’s latest 500 MW solar auction serves up a low tariff
Aggressive bidding secures price of Rs2.55 for U.S. company in a procurement exercise whose results are unlikely to see GUVNL throw its toys out of the pram.
Government approves Rs46,000 crore for KUSUM and rooftop solar
The government of India has approved central financial support of more than Rs46,000 crore by 2022 to promote solar among farmers and in the residential sector. The KUSUM scheme for farmers has been allocated Rs34,422 crore and the rooftop solar program Rs11,814 crore.
Safeguard duty respite for solar developers in Maharashtra
Change of law decision by state electricity regulator opens the door for compensation, but only for schemes completed before duty was applied and commission ignored pleas to fix the rate of payments.
Actis calls off plans to buy Essel Infra’s solar assets
Earlier, UK-based private equity investor had reportedly agreed to buy 685 MW of Essel’s solar power projects (including installed and under-construction) for around Rs 4,700 crore.
Singapore fund and British developer eye stake in UK government’s south Asian renewables company
U.K. developer Lightsource BP – in which oil and gas giant BP has a significant minority stake – and its Singapore fund partner EverSource Capital are reportedly ready to take up all the $100 million slice of Ayana Renewable Power which is being put up for sale.
