The regulator in the Indian state of Tamil Nadu has rejected Indian conglomerate Adani’s call for a revaluation of the tariffs it is set to receive for developing the world’s largest solar plant, Adani sources have told Mercom Capital Group.
Specialist PV manufacturing equipment supplier Amtech Systems reported Solar segment sales of US$22.6 million in its fiscal fourth quarter of 2016, resulting in full-year preliminary Solar segment sales of US$60.9 million, up from US$51.8 million in 2015.
Power Grid Corporation of India Limited (PGCIL) has sought loan assistance of US$1 billion from the Asian Development Bank (ADB), according to energy and mines minister Piyush Goyal.
‘Silicon Module Super League’ (SMSL) member JA Solar reported lower third quarter total shipments as the slowdown in the domestic China market hit. As a result full year shipment guidance was also lowered.
Hanwha Q CELLS and Goldman Sachs-backed rooftop solar specialist Asian Clean Capital (ACC) have agreed to partner on 200MW of solar PV projects in China.
India’s government will provide central finance assistance (CFA) for 100MW of grid-connected rooftop solar projects in the state of Tamil Nadu, according to Mercom Captial Group.
Leading polysilicon and wafer producer GCL-Poly reported a 15% cut in production of polysilicon in the third quarter of 2016, compared to the prior year period, due to weak China end-market demand.
State-owned firm Indian Railways, which carries 23 million passengers everyday, is targeting 5GW of solar by 2025 in partnership with global development organisation UNDP.
