India’s fifth largest private sector bank Yes Bank plans to raise INR3.3 billion (US$49.6 million) through the issue of seven-year Green Infrastructure Bonds to the Dutch Development Bank FMO in order to fund solar and wind projects.
Goldman Sachs-backed rooftop solar specialist Asia Clean Capital (ACC) and Japan’s Toshiba Mitsubishi Electric Industrial Systems Corporation (TMEIC) will develop a 200MW solar pipeline in mainland China.
The government of the Indian state of Madhya Pradesh has introduced its 2016 policy for decentralized renewable energy systems with a particular focus on rooftop solar PV.
India’s first major utility-scale tender for solar PV combined with energy storage in the state of Andhra Pradesh has been put on hold due to the cap on tariffs being too low.
India-based energy firm Azure Power Global has launched its IPO on the New York Stock Exchange offering 6.82 million equity shares priced between US$21 to US$23 per share.
The Indian state of Andhra Pradesh has set its Renewable Purchase Obligation (RPO) at 12.75%, more than 50% higher than the targets set by the Central Government.