Vikram Solar plans 3 GW solar factory in Tamil Nadu
The engineering, procurement and construction services contractor – which has a 1.2 GW module production facility near Kolkata – will establish a wafer, cell and module manufacturing site in Tamil Nadu under a five-year timescale.
ReNew Power plans foray into solar cell and module manufacturing
The Haryana-based developer will invest Rs 1500-2000 crore in setting up the solar cell and module manufacturing facility, which will initially have a production capacity of 2 GW per annum.
NTPC partners NIIF for renewable energy and power distribution projects
This partnership with the government-backed infrastructure-specific investment fund will help NTPC raise capital as it aims for nearly 30 GW of overall power generation capacity from renewable energy sources by 2032.
Legal loophole protecting imported panels from subsequent duties discriminates against Indian products, say manufacturers
Indian solar manufacturers have cried foul over a system which exempts imported panels from yet-to-be-announced tax regimes but offers no such protection to domestic products.
Uttar Pradesh to become solar hub with 6 GW planned in Bundelkhand
The state is also reportedly set to this year unveil ‘Asia’s largest floating solar plant’, in the shape of the 150 MW Rihand Dam installation.
Gujarat extends solar power policy till December 31
The state’s Solar Power Policy 2015 was due to expire since April 1, 2020. With a 9-month extension, solar power plants installed and commissioned till December end become eligible for the benefits and incentives declared under this policy.
Enel joins the Indian solar gold rush
The Italian utility, fresh from securing its first 300 MW of PV generation capacity in the recent, record-setting tender held by SECI, has teamed up with the state-owned Norwegian Investment Fund to commit to further clean energy facilities in India.
BP commits $70m to UK-India green growth fund
The fossil fuel company will become a partner in the fund, which invests in clean energy projects.
UK investor NextEnergy acquires 27.4 MWp solar project in Odisha
The plant—constructed and operated by Germany-headquartered IBC Solar Energy—is NextEnergy’s first investment in India as part of its strategy to acquire ready-to-build or operational solar projects across high-growth international markets.
India needs solar modules worth Rs 15,000 crore annually
The country—which meets over 80% of the solar module demand through imports—can turn the present crisis into an opportunity by ramping up domestic manufacturing with measures like fiscal incentives.
