ReNew Power looks for $900 million initial public offerings
ReNew Power Ventures Pvt Ltd has expected to raise $800-900 million through the IPO, which it is planning to file in the coming two weeks. The renewable company has asked nine investment banks to manage the IPO.
United Nations backs solar powered irrigation
A new report published by the United Nations Food and Agriculture Organization outlines the benefits of solar powered irrigation systems to both large and small scale farming operations in developing countries. The report also stresses the need for comprehensive management and regulation of such systems, to avoid unsustainable water use.
KREDL retenders 650 MW from 1.2 GW Pavagada PV project
For 1.2 GW tender, Karnataka Renewable Energy Development Ltd (KREDL) had received bids only for 550 MW capacity. KREDL has now retendered the remaining 650 MW grid-connected solar PV project to be installed at Pavagada Solar Park in Karnataka.
Government initiates anti-dumping investigation for the imports of EVA film for PV modules
RenewSys India has filed an application before the Directorate General of Anti-Dumping & Allied Duties for the imposition of anti-dumping duty on imports of ‘Ethylene Vinyl Acetate (EVA) Sheet for Solar Module’ from China PR, Malaysia, Saudi Arabia, South Korea, and Thailand.
Solar modules with bypass diodes will be classified under 8541, hence no custom duty
Central Board of Indirect Taxes and Customs have issued a clarification regarding solar module equipped with bypass and blocking diodes. Market analysts assert that this step will increase PV installation in the second half of 2018.
Wipro, State Bank of India lead corporate drive for EV
Wipro Limited and State Bank of India (SBI) has become the first from India to join The Climate Group’s global Electric Vehicle initiative, EV100. Wipro expects to scale up the EV to 1000 by 2023, whereas, SBI will set up charging stations in major residential spaces.
Sterling and Wilson to develop 300 MW of solar in Vietnam
The Indian-headquartered EPC has set a June 2019 deadline for its plans to install 300 MW of new solar PV capacity in Vietnam, a market that is poised to boom over the next few years.
Manipur sees 640 kW of completed solar rooftop systems
Freyr Energy has completed 640 kW of solar PV rooftop plants in Manipur, North East India, including a 100 kW off-grid battery powered system, for a total investment of around INR 50 million (around US$769,175).
2018: India second largest solar market on back of 113 GW global installations
With 11 GW, India is set to become the second largest solar PV market in 2018, usurping the U.S., as global demand reaches 113 GW, says IHS Markit. It adds that Q4 will be the biggest quarter in history for installations, with 34 GW expected.
meeco to install 7MWp open access PV plant in Maharashtra
Through the company’s sun2fix open access solution, Inidan subsidiary of swiss-based renewable firm will install a 7MWp solar PV power plant in Solapur district of Maharashtra.
