India

Companies within Macquarie Infrastructure and Real Assets; Light source Renewable Energy and UK Climate Investments, part of the Green Investment fund enter into partnership platform to enter Indian Solar market for its development, acquisition and ownership of solar assets.

The total capacity of 5 MW Solar as part of railways 1,000 MW solar mission is commissioned on four central stations – Hazrat Nizamuddin, Anand Vihar, New Delhi, and Old Delhi Railway Station.

Power and MNRE Minister, Raj Kumar Singh chairs the 4th Foundation Day celebrations of National Institute of Solar Energy (NISE), Gurugram on October 27

The two organizations will collaborate on areas broadly including grid-connected solar rooftops, energy storage systems, electric vehicles, smart grid initiatives and energy efficiency measures.

Age-old conglomerate SP Group seeks new investors, realizing the pace in India’s green energy equity market.

Solar Energy Corporation India (SECI), on behalf of Coal India limited (CIL) has invited bids for two 100 MW solar power plants. The government authority will clarify the bidding requirement in a meeting to be held on November 13 in Kolkata.

Neyveli Lignite Corporation India Ltd (NLCIL) plans to install several 50-100 MW solar power plants in the Aruppukottai area of Virudhunagar District in Tamil Nadu.

Mytrah Energy might cancel its listing on the Alternative Investment Market (AIM) in London before launching its tentatively planned initial public offering (IPO) in India, according to a recent report.

Energy Efficiency Services Ltd. (EESL) has procured PV modules from several Indian manufacturers at a lower rate than it can from Chinese suppliers, setting a new benchmark for panel prices in the country.

The Indian solar market is presently undergoing many challenges, including the GST effects, high module process and decelerating power demand. India’s utility sector is expected to stabilize at a much lower 5-6 GW growth rate per annum for the next two-three years, says Bridge to India.