A joint investment of £240 million has been unveiled by the UK and Indian governments to encourage investment into India’s rapidly growing energy and renewables market and deepen trading ties between the two countries.
Goldman Sachs-backed Indian renewable energy developer ReNew Power Ventures has doubled its wind and solar power generation portfolio from 1GW to 2GW in the space of 12 months.
High-efficiency monocrystalline wafer producer Comtec Solar Systems Group reported a net loss of US$146 million in 2016, after previously announced write-down on assets at its Malaysian manufacturing facilities that were being sold leading mono wafer supplier, LONGi Green Energy Technology.
China-based independent PV power producer GCL New Energy (GCLNE) ended 2016 with 87 grid-connected solar power plants with a total capacity of 3,156MW.
Dedicated PV quality assurance services firm STS-Certified said it had performed quality inspection services on solar modules totalling over 1.5GW in 2016, with the expectation of almost 3.0GW of inspections in 2017.
Finnish firm Fortum has commissioned a 70MW solar PV plant in the Indian state of Rajasthan, which it won last year at what was then a record low tariff of INR4.34/kWh (US$0.067).
French power giant Engie Group is partnering with three firms to develop various solar-related projects in Indonesia requiring US$1.25 billion investment.
