Finance

The private power producer will set up the proposed solar plant in the Datia district in two parts of 33.7 MW and 56.17 MW. The project is expected to be completed by June 2022.

The solar panel-cleaning robot startup, which saw its sales jump 125 times last year, has thus far raised three levels of funding amounting to INR 2 crore from government bodies in India, Dubai, and Canada. 

A new report says the United States and India have an opportunity to partner to catalyze foreign institutional investment in India’s green transition. It lays out what such a partnership should look like and how it would benefit both countries and the world.

India’s production-linked incentive (PLI) scheme—which targets 10 GW of integrated solar PV manufacturing capacity within two years—will spur demand for locally produced materials like ethylene vinyl acetate (EVA) sheets, solar glass, backsheet and junction boxes, too.

A new report highlights key investors finding opportunity in India’s US$500-billion renewable energy infrastructure development and various factors driving these investments. 

The Indian automotive battery major has announced the setting up of a 50 MW solar power plant in Chittoor District of Andhra Pradesh. The plant—to be built at INR 220-crore investment—will help reduce the manufacturer’s carbon footprint while lowering its electricity bill. The firm, which has already set up a pilot plant facility for Lithium-ion cell development, is also mulling investments into energy storage for the renewables sector.

The development lender’s private-sector arm helped Indian commercial clean power company Continuum Green Energy raise $561 million to refinance its debts through the bond, on the Singapore exchange.

The state electricity regulator has passed the order in Gujarat Urja Vikas Nigam Ltd’s favor, allowing it to retender the 700 MW capacity to seek lower tariffs than the INR 2.78-2.81/kWh levels awarded to developers. Developers’ body says the move will impact investors’ sentiment as arranging finance starts soon after developers win a capacity.

India’s Ministry of New and Renewable Energy is funding the research to develop high-efficiency crystalline silicon solar cells, including those with passivated emitter and rear contact structure, and perovskites. 

The renewable energy infrastructure investment trust (InvIT) proposed to be launched by KKR-backed Virescent Infrastructure aims to achieve approximately 1.5 GW of assets in the next three years. Its initial portfolio will comprise nine solar energy projects with an aggregate capacity of about 400 MWp.