India has surpassed 70GW of installed solar capacity as of the 30th June this year, according to the country’s government. It initially had a target of 100GW capacity by 2022.
Indian solar manufacturer Waaree will expand its ingot, wafer, cell and module production capacity by 6GW following a second round equity funding raise of around INR10 billion (US$121 million).
Indian renewables developer Tata Power Renewable Energy (TPREL) has signed two power purchase agreements (PPA) with the Maharashtra State Electricity Distribution Company (MSEDCL) for 350MW worth of solar PV power generation.
Indian independent power producer (IPP) ReNew Power and Malaysian Gentari’s Indian subsidiary, Gentari Renewables India, have established a joint venture (JV) to target 5GW of new renewable energy capacity.
