German PV equipment providers keep recovering, but uncertainties remain
German engineering association the VDMA has reported increasing orders and sales for PV equipment suppliers in the third quarter. China accounted for around 80% of PV production equipment demand during the period.
Solar remains energy of choice for lenders
In 2020, 74% of the value of the energy project loans (US$4,435 million) went to renewables (solar and wind) and 26% to coal. Solar PV accounted for 81% of renewable energy deals and 57% of all deals.
Ayana Renewable completes acquisition of 250 MW PV assets from Acme Solar
The solar assets, located in the Jodhpur district of Rajasthan, benefit from a long-term power purchase agreement (PPA) with the State discom Maharashtra State Electricity Distribution Company Ltd (MSEDCL).
Keppel Corporation-led consortium to acquire majority stake in Cleantech Solar
Cleantech Solar has over 600 MWp of solar portfolio across India and Southeast Asia and aims to achieve a cumulative generation capacity of 3 GW over the next five years.
NSEFI writes to law minister on solar tariff renegotiation in Punjab
The industry body wrote the State’s new bill to redetermine solar tariffs will render the already operating projects unviable and power producers will find it difficult to repay their loans. It sought the law minister’s intervention in highlighting their concerns to the President with whom the Bill is presently pending approval.
2021 could be India’s best-ever year in new solar addition
With 7.4 GW of new solar already installed in the first nine months, the year 2021 is headed to become one of the best years on record for new solar installation in India.
Virescent acquires 55 MWp of operating solar assets from Focal Energy
The acquisition is in line with Virescent’s strategy to acquire operational renewable energy assets that have stable long-term cashflows with government counterparties across India.
Over 90% of India’s solar and wind projects received investment-grade ratings in 2020
An analysis by the CEEW Centre for Energy Finance reveals that India’s renewable energy sector has made significant progress on the back of policies that have helped mitigate several risks for solar and wind project investors.
American bank to lend $500 million for First Solar’s 3 GW fab in India
The debt finance from U.S. International Development Finance Corporation will support the thin-film solar manufacturer’s 3 GW/ annum module manufacturing facility coming up in Tamil Nadu.
The case for agrivoltaics in India
Given 60% of India’s land area is farmed, agrivoltaics (pairing solar with farming) holds special promise for the nation to accelerate its transition to clean energy. However, the roll-out of agrivoltaics in India cannot proceed without addressing the various policy and regulatory challenges.
