The viability of PV projects coming out of the three latest state solar auctions in India is “quite low”, according to an initial examination from consultancy firm Bridge to India, but industry opinions differ over the quality of project returns.
L&T Construction, the power transmission and distribution arm of Indian multinational Larsen & Toubro, has won contracts for the EPC of 115MW of solar power projects in southern India.
PV developer SkyPower has entered into a power purchase agreement (PPA) with the government of Madhya Pradesh to develop 150MW solar power projects in the Indian state.
Materials supplier DuPont Photovoltaic Solutions has signed a strategic collaboration agreement with Indian PV module manufacturer Navitas Green Solutions (Navitas Solar).
Solar cell manufacturers in India have put in a request to the government to investigate anti-dumping duties on the import of solar cells, according to a local report.
Fourth Partner Energy (4PEL) a Hyderabad-based company developing distributed solar power, has raised around US$2 million in financing, enabling the firm to offer more financing options to its clients.
The project arm of Chinese manufacturer, JinkoSolar, has secured a credit line worth CNY10 billion (US$1.5 billion) with the Industrial and Commercial Bank of China’s Jiangxi Provincial branch.
PV developer SunEdison has installed eight solar systems for India’s Delhi Metro Rail Corporation (DMRC), which is the biggest consumer of electricity in the state of Delhi.
