Markets

Suzlon has sold its majority stake in Rudra Solarfarms for Rs 142.10 million. It had set up the subsidiary, in partnership with AMP Solar, in order to execute a 15 MW solar project in Telangana.

IRENA says technologies for 3D rooftop footprint generation and solar irradiation modelling are becoming increasingly cheap, making them suitable for deployment anywhere in the world. Developing cities could access such technical resources to plan rooftop PV development.

Government-owned Bharat Heavy Electricals Limited has won an EPC order for setting up the solar PV power plants across four locations.

Known as the “roof of the world,” the scenic Ladakh region in the Indian state of Jammu and Kashmir will soon host the world’s largest single-location PV plant.

Beijing has outlined a series of policies mandating local and provincial authorities, state-owned banks and grid operators to pull out the stops to drive the rapid escalation of subsidy-free PV projects. The announcement has seen Chinese solar stocks on the rise.

The Gujarati multinational will invest Rs700 billion to set up world’s first 100% renewable powered data center parks in the state.

Mercom Capital’s latest report on financial activity in the solar sector illustrates an increasing flow of capital towards downstream companies and PV projects – as well as a split between China and the rest of the world.

India is set to add renewable energy capacity of 15,860 MW in 2019, a leap of 50% on the 10,560 MW installed last year. Around 70% – 10,902 MW – of the new capacity will come from utility-scale solar projects, according to Bridge To India analysts.

The National Solar Energy Federation of India submitted the proposal to the Commerce Ministry in December and expects approval for a Renewable Energy Export Promotion Council in the next few months.

India’s leading infrastructure finance company IL&FS expects up to Rs 80 billion from wind and solar asset sales.