Spain-based renewable energy developer Gamesa will perform EPC for two projects developed by local firm Atria Power in the Indian states of Karnataka and Andhra Pradesh.
Delays in solar PPA signing combined with a petition from developers has led to significant project commissioning deadline extensions in the Indian state of Uttarakhand, according to consultancy firm Mercom Capital Group.
India’s green bond market took off this year becoming the seventh largest labelled green bond issuer with US$2.7 billion issued as of 12 October, according to the Climate Bonds Initiative (CBI).
Specialist PV manufacturing equipment supplier RENA Technologies has secured a significant tool order from China-based LERRI Solar said to be in the double-digit million euro range to meet more than 2GW of monocrystalline PERC solar cell production.
Tata Power Renewable Energy has signed a power purchase agreement for a 100MW solar project at Anantapuram solar park in Andhra Pradesh with the Solar Corporation of India (SECI).
India’s largest utility NTPC plans to set up 50MW of solar power projects combined with battery energy storage at Port Blair in the Andaman and Nicobar Islands.
The distribution companies (Discoms) of Rajasthan, which were the highest loss-making in all of India, could be the first to turn around a profit in 2017, according Piyush Goyal, minister of power, coal, new and renewable energy and mines.
The losses of Indian distribution companies (Discoms) that have joined the government’s major rescue package Ujwal Discom Assurance Yojna (UDAY) could more than halve from their current level by FY2019, according to new research from global analysis firm CRISIL.
