RattanIndia sells 306 MW solar assets to GIP
The coal-fired power generator is exploring new avenues of business with thrust on sectors that do not require huge amount of debt and are focused on new technologies. It has decided to participate in coal block auction process with a view to profitably mine and sell coal commercially.
Module contract disputes: India seeks China action on CSUN and CEEG
India’s Ministry of External Affairs is approaching Chinese authorities, demanding CSUN Trading and CEEG Solar Science to meet the contractual obligations to the Indian companies and also to honour the arbitration award. Further, it has cautioned Indian stakeholders against procuring PV modules from these high-risk companies that have over 160 court cases against them—mostly for breach of contract.
China’s CSUN faces India ban over PV module contract disputes
The Indian government is considering the step following complaints about China Sunergy defaulting on PV module supplies to solar project developers Acme Solar, RattanIndia and Refex Energy. Notably, last year a German EPC company Goldbeck Solar had a similar experience with the Chinese supplier.
