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International Solar Alliance at COP23: Welcoming the reign of the Sun

One of the sessions at CoP23 has served as the Curtain Raiser for the ISA’s upcoming founding ceremony. It has featured presentations on ISA programs and the Common Risk Mitigation Mechanisms (CRMM) report, as well as a panel discussion on the global effort to accelerate solar energy deployment.

Azure Power announces results for fiscal second quarter 2018

As of September 30, 2017, Azure power has 1,381 MW operating & committed, an increase of 35% over September end 2016. Revenue for the second quarter was INR 1,823.8 million ($27.9 million), an increase of 104% over the quarter ended September 30, 2016. The company’s adjusted EBITDA for the quarter was INR 1,499.5 million (US$23.0 million), an increase of approximately 167% over the fiscal second quarter 2017.

MYSUN use Solar to fight against Delhi’s pollution

MYSUN will wave off all the processing fees for customers for a limited time. First EMI will also be waived off under the MYSUN-Flexi Pay scheme. Going solar is a proactive way of dealing with air pollution, and making Delhi/NCR clean again.

ISA framework agreement receives 15 ratifications

The international solar alliance will now be an independent legal body, as the Republic of Guinea becomes the 15th country to ratify. The founding ceremony of ISA is scheduled on December 08, 2017 in Greater Noida, India.

Sterling & Wilson to install 500 MW in Australia

Sterling & Wilson plans to expand its Solar EPC footprint in Australia. The projects could attract investment of AUD 600 million ($ 459.54 million).

Delhi to add 1,000 MW Solar to its energy mix by 2019

Delhi power minister is aiming to have 15% renewable energy by 2019. Delhi government will buy solar power from plants to be installed across the country in next one and half years.

Fear continues over sustainability of India’s low tariff projects, say developers

Acme Solar regret bidding the lowest ever solar tariff of INR 2.44 ($0.037)/kWh achieved in May for Bhadla Solar Park amidst solar costs increase.

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RK Singh encourages scientists to lead in solar energy research on NISE’s 4th Foundation Day

Power and MNRE Minister, Raj Kumar Singh chairs the 4th Foundation Day celebrations of National Institute of Solar Energy (NISE), Gurugram on October 27

Tata Power-DDL and GIZ sign MoU for India’s renewable energy

The two organizations will collaborate on areas broadly including grid-connected solar rooftops, energy storage systems, electric vehicles, smart grid initiatives and energy efficiency measures.

Equis Energy snapped up by GIP in record $5bn renewables deal

The Singapore-based renewable energy developer has agreed to be sold to investment fund Global Infrastructure Partners. China Investment Corp, Canada’s PSP Investments and other co-investors are also involved in the deal, which is the largest yet seen for the renewable energy industry.

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