Avyan Renewable lowers stake in SunEdison Infrastructure
The Chennai-based steam and hot water supply company will acquire 31% of the rooftop solar installer’s equity share capital, instead of 37.5% as agreed upon in July.
India to fall well short of 175 GW renewables target
A report by Indian ratings agency CRISIL points to a rising rate of tender failures, an inconsistent policy approach from central and state governments and restrictive solar energy tariff caps and says India could have just 104 GW of renewables capacity by 2022.
Adani Green Energy’s $362.5 million green bonds score E1/90 in S&P Green Evaluation
The bonds being issued by the company’s three arms collectively—Adani Renewable Energy Ltd, Kodangal Solar Parks and Wardha Solar (Maharashtra)—will be used to finance and refinance solar power plants and related transmission infrastructure in India.
System integrators must be allowed for KUSUM projects: NSEFI
Further, the lobby group has asked the ministry to remove the domestic content requirement for solar cells at least for the first year, while also highlighting the need to specify standards or guidelines for setting up of agrivoltaics systems in farm lands.
Australia’s Townsville battery gigafactory reaches new milestone
Plans to develop an 18 GWh lithium-ion battery factory in northern Queensland have reached an important milestone with the project feasibility study submitted to the Queensland government.
Shell acquires 20% stake in Orb Energy
The fossil fuel giant, like many of its global peers, is making inroads into renewable energy activity and has invested an unspecified amount in becoming a significant shareholder in a business which installs rooftop PV systems for commercial and industrial clients.
India replaces one-crore conventional streetlights with ‘energy-efficient’ LEDs
These LED streetlights—installed under the world’s largest streetlight replacement programme being implemented by state-owned Energy Efficiency Services Ltd (EESL)—have helped the country to reduce its greenhouse gas emission by 4.63 million tonnes annually.
Jodhpur agrivoltaic pilot project replicated
Research institutes have moved quickly to emulate the successes observed in a test installation at Jodhpur as India races to meet an ambitious target of doubling agricultural income by 2022.
The roadmap to 40 GW rooftop solar
Streamlining the Discoms, better financing options, customer-centric approach, data sharing and push for residential through standardization are a few steps that can help India achieve its ambitious rooftop solar target.
Financing solar powered appliances for rural livelihoods
Rural micro enterprises in India suffer as financiers perceive lending for solar powered livelihood appliances as risky, owing to a lack of understanding of the technology and the viability of these enterprises—says a report by India’s Council on Energy, Environment and Water which also makes recommendations to improve the economic viability of financing for these products.
