India-based project developer ACME Solar Holdings has won the highest capacity of projects in yesterday’s solar auction in Uttarakhand with four projects totalling 50MW combined out of the 171MW awarded.
All the winning bids in the latest 170MW Indian state solar auction in Uttarakhand have remained below the INR6/kWh (US$0.09) tariff, despite several bankers commenting on previous auctions that only prices of INR6-6.5 per unit would be workable given India’s market conditions.
India’s energy ministry has amended its invitation for state-owned corporations (CPSUs) to set up 1GW of solar PV plants across India, by bringing forward its funding timelines.
Polysilicon producer OCI Enterprises, A North American subsidiary of South Korea-based OCI Company has sold its 73% limited partner interest in OCI Resources along with 2% general partner interest and distribution rights to Turkey-based conglomerate Ciner Enterprises for around US$430 million.
France-based renewable energy company Tenergie has successfully refinanced its 54.4MW of solar assets for €150 million (US$166 million) with a bank syndicate led by Credit Agricole Group.
Bangalore-based real estate developer Embassy Group is planning a 200MW solar PV plant in the Indian state of Karnataka, according to Embassy Energy chief executive Anshul Singhal.
The Dubai Electricity and Water Authority (DEWA) has received 95 expressions of interest from international energy companies for the third phase of its Mohammed bin Rashid Al Maktoum solar park.
