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.
L&T Infotech and GE Digital as IIC members will deploy the Digital Testbed at solar plant in Rajasthan
The Digital Solar Plant Testbed evaluates solutions to accurately predict energy generation, improve utilization and reduce maintenance costs. IIC has estimated that 30% reduction in O&M expenses with the help of accurate forecasting will save around $15 million/year for utilities managers.
Actis look at sale of Ostro Energy to ReNew Power
Ostro Energy acquisition by ReNew Power Ventures may rank among India’s biggest renewable energy deals.
Maharashtra CM launches Solar feeders project for the farmers
The first project under the “Mukhyamantri (Chief Minister) agricultural feeder scheme,” to provide 12 hours per day electricity access to farmers has launched in Maharashtra.
ISA framework agreement receives 15 ratifications
The international solar alliance will now be an independent legal body, as the Republic of Guinea becomes the 15th country to ratify. The founding ceremony of ISA is scheduled on December 08, 2017 in Greater Noida, India.
Sterling & Wilson to install 500 MW in Australia
Sterling & Wilson plans to expand its Solar EPC footprint in Australia. The projects could attract investment of AUD 600 million ($ 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.
Railway lands being offered to NLC to set up solar plants
NLC India has been tasked with covering vacant land of the Railways with Solar Power generation.
Global Environment Facility along with ADB will provide $454 million funding to EESL clean energy projects
Energy Efficiency Services Limited EESL’s projects, under one of the largest funding by Global Environment Facility (GEF) to date, will mitigate 60 million tons of CO2 emissions. UN Environment’s ‘District Energy in Cities’ initiative already identified $600 million of energy efficiency projects across five cities in India.
