Module manufacturer Wuxi Suntech has agreed to supply around 200MW of solar panels to Indian conglomerate Adani Power for a PV project, which is under development in the Indian state of Tamil Nadu.
Clean energy firm and PV developer Shunfeng International Clean Energy (SFCE) has acquired a majority stake (63.13%) in US-based solar cell and module manufacturer Suniva with an investment of US$57.76 million.
India is capable of a sharp ramp up of solar deployment on a level with China's spike in recent years, according to a new report on India’s energy market.
Materials supplier DuPont has partnered with the Solar Energy Corporation of India (SECI) to debate quality standards for India’s PV market to ensure safety, reliability and profitability of solar projects in the country.
Indian private sector bank Yes Bank has raised INR3.19 billion (US$49.4 million) from the issue of Green Infrastructure Bonds to International Finance Corporation (IFC) Washington to fund renewable energy projects including solar and wind power.
India’s Ministry of New and Renewable Energy (MNRE) will subsidise 15% of the benchmark cost for residential, institutional, government and social sector rooftop solar installations, but will not cover private, commercial and industrial rooftop solar.
Sungrow Power has entered into an agreement with Yu County Jinyang New Energy, a subsidiary of GCL New Energy, for Sungrow to provide EPC services for a 50MW PV project in Yo County, Yangquan City, Shanxi Province, China.
Module manufacturer Wuxi Suntech has lost a lawsuit filed by renewable energy developer ZKenergy in a dispute over a RMB206 million (US$33.17 million) sales contract.
