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Touted to be one of India’s largest rooftop installations, the captive plant uses 25,770 photovoltaic panels covering 63,000 sq.m of available roof space and producing 12.2 million KWh of electricity annually.

The revolving credit facility will help the Hyderabad headquartered distributed solar developer finance new projects as it looks to add about 250 MW of capacity this year.

According to a new study by Finland’s LUT University, solar PV consumes between 2% and 15% of the water that coal and nuclear power plants use to produce just 1 MWh of output; for wind, this percentage ranges from 0.1% to 14%. Under the researchers’ best policy scenario, water consumption could be reduced by 75.1% by 2030, compared to 2015 levels.

The minister’s statement comes at a time when analysts fear that potential disregard of past contractual agreements in Andhra Pradesh, along with the regular curtailment of renewable energy facilities and delayed payments to developers, may drive foreign investors away from India’s renewable energy sector.

Electric vehicle (EV) battery market will grow annually at 30%, growing almost six times to 28 GWh from 4.75 GWh in 2018. The EV infrastructure will grow at double the pace (60% annually), reaching 50,000 units from less than a thousand in 2018.

The Indian developer will hold majority 51% equity in the joint venture, while the balance will be held by GS E&C. The project is part of the capacity auctioned by Solar Energy Corporation of India (SECI) under its tranche-IV earlier this year.

Bids are invited for supply of 5-busbar cells with an efficiency of minimum 19.4%. A total of one million quantities are to be supplied. Bidding closes on December 26.

Government incentives driving state-owned enterprises’ investment away from the soon-to-be stranded fossil fuel based assets are a way of further boosting investment in the renewable energy sector.

The 923 MW grid-connected solar capacity—tendered under Central Public Sector Undertaking (CPSU) Scheme—is to be developed using only domestically manufactured solar cells and modules. Whereas, modules for the 500 MW project in Maharashtra can be procured from either domestic manufacturers, or imported.

Launched in November 2015, the alliance aims to collectively address key challenges to the scaling up of solar energy in member countries that fall between Tropic of Cancer and Tropic of Capricorn. Out of 121 prospective member countries, over 83 have already joined it in a period of just four years.