ArcelorMittal planning solar investment in Rajasthan and Gujarat
The UK-headquartered steel major is mulling to set up a 4.5 GW solar park in Rajasthan with an investment of INR 19,000 crore. It also plans to invest in Gujarat’s solar energy, wind energy, and hydrogen gas production sectors.
ICRA assigns stable outlook to India’s renewable energy sector
The outlook is supported by a strong project pipeline, competitive tariffs, and continued policy support. The demand outlook for domestic solar module manufacturers also remains favorable.
Bullish clean energy stocks helped maintain healthy investment levels
The latest renewables investment report produced by analyst BloombergNEF has noted backing for solar projects continued to rise in the first half as wind power investment fell back.
Renewable energy investment in just four months exceeds FY2021 figures
The Indian renewable energy sector received an investment of US$6.6 billion between April and July 2021, beating the total for the previous financial year.
Indian renewable energy developers raise over INR 26,300 crore through green bonds in first half of 2021
Since 2014, Indian renewable energy developers have raised more than INR 78,200 crore through green bonds in global markets.
The potential for grid-scale energy storage in India
A new study provides a first-of-its-kind assessment of grid-scale energy storage deployment in India both in the near term and the long term. The researchers conducted scenarios-based capacity expansion modeling to assess when, where and how much energy storage can be cost-effectively deployed in India through 2050. In all scenarios, energy storage was found to play a significant role in India’s power system.
Sterling and Wilson Solar announces Q1 FY2022 results
The company’s revenue from EPC and operations and maintenance business stood at INR 1,195 crore, a 12% growth over the same period in the previous fiscal year. The gross margins remained suppressed owing to an increase in module and commodity prices.
Azure Power issues US$414 million green bond at 3.575% coupon rate
The New Delhi-based independent power producer has issued its third green bond as it looks to raise US$414 million. The coupon rate is the lowest ever for any renewable energy company in India.
Foreign investors tapping into India’s solar market undeterred by untimely payments
Full ownership allowed in renewable energy projects and 25-year power purchase agreement are the major factors drawing foreign investors to India’s high-growth solar market. Major developers in India have solar portfolio distributed across States, which further minimizes the risk for investors.
Canada’s OMERS Infrastructure to buy 19.4% stake in Azure Power
The transaction expands Canadian pension plan’s investment in clean energy, consistent with its long-term strategy to increase footprint in this growing sector.
