Central & East Asia

State-owned companies including the Indian Renewable Energy Development Agency (IREDA), Power Finance Corp (PFC) and Rural Electrification Corp (REC) plan to raise around INR50 billion (US$779 million) through the sale of tax-free bonds for renewable energy projects in India.

India-based solar developer Azure Power has applied for listing on the Nasdaq stock exchange, according to a local report.

Germany-based PV materials manufacturer Heraeus has filed a patent infringement lawsuit against Taiwan-based PV materials specialist Giga Solar Materials Corp for allegedly infringing a patent held by Heraeus over front-side metallisation paste materials used for solar cells.

Essel Group has formed a joint venture with the Government of Rajasthan to set up solar parks with an investment of INR40 billion (US$626 million).

The Solar Energy Corporation of India (SECI) has released details of 28 solar PV projects totalling 505MW commissioned under India’s flagship solar programme JNNSM in Phase II Batch I.

German firm IBC Solar has completed an 11MW PV power plant in Rajasthan, its fifth to date in India.

The EU-China solar trade dispute that has now engulfed Malaysia and Taiwan looks almost certain to spread after it emerged that the company behind the case has other countries including India in its sights.

Indian utility National Thermal Power Corporation (NTPC) has announced the allocation of a further 500MW of solar PV capacity in Andhra Pradesh and 420MW in Rajasthan.

Australia’s reduced Renewable Energy Target (RET) of 33,000GWh could scale back large-scale solar potential in the country by 80%, according to a leading industry figure.

The parent company of Hanergy Thin Film Power (Hanergy TF) has insisted the firm is in good financial condition despite its shares almost halving in value yesterday.