India

Developers have until December 6 to bid for setting up a cumulative 1.2 GW of wind-solar hybrid capacity on a build-own-operate basis anywhere in India.  

The Indian multinational has elevated Shilpa Urhekar to the position of national head-India for its solar EPC business.

After the ravages of Covid-19, electricity shortages in China have now raised costs for its solar manufacturers, with knock-on effects for developers in India too, again highlighting the dangers of relying on a single solar supply chain.

The grid-connected solar projects, to be installed at Tata Steel’s operating locations in Jharkhand and Odisha, will be a mix of rooftops, floating, and ground-mounted solar plants. 

Foreign direct investment’s role in bringing in finance, superior technology and other resources is undoubtedly a critical one. The Indian government has tried to create a conducive environment for enabling flow of foreign investments into the solar energy sector in the country, but the norms need to be eased further to really push the industry to its maximum growth potential.

An Indian research group has used three different chemicals instead of commonly used hydrofluoric acid to separate silicon from the cell. The technique is claimed to be able to deliver recycled silicon with a purity of up to 99.9984%.

The integrated power producer’s revenue from operations increased 18% to INR 9,810 crore from INR 8,290 crore in the same period last fiscal year.

The renewable energy developer’s operational capacity increased to 5,410 MW (4,763 MW solar and 647 MW wind) as of September 30, 2021, a 93% growth from 2,800 MW in September last year. Much of this capacity addition during the year was through the acquisition of operational solar assets.

Funding avenues available to solar developers range from green bonds and multilateral development bank loans to infrastructure investment trusts.

The new energy arm of Reliance Industries Limited has made an open offer to acquire 4,91,37,420 shares from Sterling and Wilson Solar’ public shareholders at a price of INR 375 per share.