india

Azure Power has seen its pipeline of interstate transmission solar in India swell by another 2GW after a greenshoe option in an existing contract with Solar Energy Corporation of India (SECI) was exercised.

The threat of a double taxation of solar in India via both safeguard and basic custom duties could squeeze developers and result in large numbers of project cancellations, consultancy Fitch Solutions has warned.

Vikram Solar is to bolster its solar manufacturing capacity with a new 3GW wafer, cell and module facility in Tamil Nadu.

AC Energy has announced plans to develop a 140MWp solar plant in India through UPC-AC Energy Solar, the company’s joint venture with UPC Solar Asia Pacific.

Indian independent power producer (IPP) ReNew Power has confirmed plans to launch an upstream solar cell and module manufacturing facility in India.

Enel has tapped Norwegian investment fund Norfund to jointly finance, build and operate new renewables projects in India.

BP has invested US$70 million in a green growth fund launched by EverSource Capital, an India-focused fund manager co-founded by BP-backed solar firm Lightsource BP.

Solar investor and asset owner NextEnergy Capital (NEC) has completed its first project acquisition in India as it lines up a flurry of investments in Q3 2020.

Two of India’s state-owned fossil fuel companies have launched a joint venture to develop solar PV assets in the country.

Two senior figures from Indian solar manufacturing companies have said government proposals to boost the country’s domestic PV industry through duties on imported equipment do not go far enough.