India

The NYSE-listed Indian solar developer reported a net loss of INR 610 million (US$ 8.2 million) for the quarter ended December 31, 2021 against INR 1,088 million for the corresponding period in the previous year.

Luminous’ Li-ON series 1250 inverter with integrated lithium-ion battery is a compact, safe, efficient power backup solution for retail and domestic applications. Its lithium battery has three times longer life than conventional batteries.

Avaada Energy is issuing green bonds for INR 1440 crore (US$192 million) at 6.75%, making it India’s largest AAA-rated green bond by any renewable energy developer.

The Gujarat-based solar panel manufacturer and EPC services provider has been chosen by Shree Ramkrishna Knowledge Foundation to set up 450kW of solar rooftop projects to power around 350 houses and public areas in the village of Dudhala.

The Delhi based manufacturer has added a new fully automatic manufacturing line equipped with the latest mono-Perc, half-cut multi-busbar cells technology.

India recorded the highest ever annual solar installation in 2021 despite a rise in component costs.

The State-owned hydropower producer has landed a 15MW grid-connected floating solar PV power project in the Bilaspur district of Himachal Pradesh. It has also received the Ministry of New and Renewable Energy’s approval to develop a 400MW solar park in the Kinnaur district of the State.

The developer reported a widening of net loss for nine months ending December with the increase in expenses.

Jharkhand Renewable Energy Development Agency (JREDA) has invited bids to prepare feasibility-cum-detailed project report for megawatt-scale canal-top solar power capacity at three sites in the State.

A new report by JMK Research and IEEFA says Indian solar manufacturers need to create a strong foundation for sustainable development overall by integrating raw materials and impetus to R&D in their plans, rather than focusing solely on output.