Siemens raises 26% stake in solar plant for self-consumption
The captive solar plant in Mumbai is being developed by Cleantech through a special purpose vehicle called Sunsole Renewables. The solar electricity generated will power manufacturing operations at Siemens’ Kalwa factory in Maharashtra.
Cleantech Solar secures INR 2 billion from NIIF
The Singapore-headquartered corporate solar provider, which has over 600 MWp of solar portfolio across India and Southeast Asia, shall utilize the debt funding to finance its open access solar projects in India.
Cleantech Solar commissions 30 MW open-access project in Maharashtra
The solar plant in the Beed district will supply power to leading corporate customers under the captive structure.
New report says India nearing 7 GW of rooftop solar
Bridge To India’s latest report shows India installed a cumulative rooftop solar capacity of 6,792 MW as of December 31, 2020. Capital expenditure (capex) model, wherein consumers own the system, accounted for a majority of this capacity (72%).
Germany’s Belectric bags 100 MW+ project from Cleantech Solar
The company has signed an agreement with Cleantech Solar for a PV project with a capacity of more than 100 MW. The project—to be delivered in three phases—is expected to be completed within this year.
Commercial solar rooftops dominate as India nears 6 GW
Bridge to India figures show dominance of Chinese inverters, which supplied almost 80% of installs from July last year to the end of June.
Singapore’s Cleantech Solar secures US$75 million green loan from ING Bank
The commercial and industrial solar developer, which commands a significant share in the Indian market, will use the amount to fund rooftop PV installations for corporates across Southeast Asia.
India added 1534 MW of rooftop solar in calendar year 2019
China’s Growatt emerged as the largest rooftop solar inverter supplier, claiming around 21% of the 1534 MW market, followed by rivals Solis (18%) and Sungrow (17%).
Manufacturing sector biggest adopter of rooftop solar: Bridge To India
Manufacturing sector accounts for 14% of rooftop installations among top end user industries. The sector added around 130 MW of rooftop capacity in FY2019.
Indian renewables leaders split over need for regulation
While some of the industry insiders gathered at REI 2019 have made predictable calls to be free of the restrictions imposed by regulators, others maintained policy support is crucial and audience members voiced concern about India’s lack of recycling rules.
