World Bank signs up for $56m slice of renewables developer’s first green bond
The development lender’s private-sector arm helped Indian commercial clean power company Continuum Green Energy raise $561 million to refinance its debts through the bond, on the Singapore exchange.
Gujarat 700 MW award cancellation will impact solar investment
The state electricity regulator has passed the order in Gujarat Urja Vikas Nigam Ltd’s favor, allowing it to retender the 700 MW capacity to seek lower tariffs than the INR 2.78-2.81/kWh levels awarded to developers. Developers’ body says the move will impact investors’ sentiment as arranging finance starts soon after developers win a capacity.
Spanish EV startup selects ION Energy’s battery management system
The Spanish startup will use ION’s advanced battery management and intelligence technologies for its electric scooter, the RAY 7.7.
IIT Bombay, BHEL in race to develop high-efficiency solar cells
India’s Ministry of New and Renewable Energy is funding the research to develop high-efficiency crystalline silicon solar cells, including those with passivated emitter and rear contact structure, and perovskites.
Andhra Pradesh inching towards 10 GW solar for farming needs
The 6.4 GW auction success takes the state government closer to its 10 GW solar target to provide free, uninterrupted power supply to farmers during the daytime.
New Premier solar factory to begin production by April
Indian solar manufacturer Premier Energies is setting up a factory in Telangana with an annual cell and module production capacity of 750 MW. The fab will be equipped to produce large-format panels with wafer sizes up to 210mm.
Bidding extended for 20 MW solar-plus-storage in Ladakh
The Solar Energy Corporation of India has issued amendments to the procurement and extended the bidding deadline by two weeks.
Virescent assigned provisional ‘AAA’ rating for its renewable energy InvIT
The renewable energy infrastructure investment trust (InvIT) proposed to be launched by KKR-backed Virescent Infrastructure aims to achieve approximately 1.5 GW of assets in the next three years. Its initial portfolio will comprise nine solar energy projects with an aggregate capacity of about 400 MWp.
India eyes 10 GW of ingot-to-module solar factory capacity within two years
Under a production-linked incentive scheme, the government will reward manufacturers for building vertically integrated PV production lines. The scheme aims to attract 10 GW of production capacity by April 2023.
KPI Global signs power supply agreements for 13.15 MW solar projects
The Gujarat-based solar developer has signed power supply agreements with nine different industrial customers for PV projects aggregating to 13.15 MW.
