India-based renewables developer Avaada Group has signed a memorandum of understanding (MoU) with the Indian government of Gujarat to develop 6GW of hybrid solar-wind capacity.
Indian independent power producer (IPP) KPI Green Energy has signed a supply agreement for 300MW of bifacial mono-PERC modules from PV manufacturer Emmvee.
Indian renewables developer Adani Green Energy Ltd. (AGEL) has closed a US$1.36 billion debt facility to support the development and construction of its large-scale projects.
Continuing a downward trend of capacity additions, India has added 1.7GW of solar capacity in the second quarter of 2023, according to consultancy Mercom India Research.
Solar capacity grew significantly in India last year, and renewables dominated the country's power generation capacity additions in 2022, according to a study conducted by Ember.
PV manufacturer Goldi Solar is planning to participate in India’s expanded production-linked incentive (PLI) programme as it bids to ramp up its module and cell production to 6GW and 5GW, respectively, by the end of 2025.
