The renewables subsidiary of India’s Tata Power will acquire Welspun Energy PTA Ltd, the clean energy arm of another major Indian company, Welspun Energy, valuing its target at 92.49 billion rupees (US$1.37 billion).
The US and India partnered on new renewable energy initiatives totalling a US$1 billion during prime minister Modi’s visit to the White House on Tuesday.
Indian renewable energy developer Azure Power has inaugurated a 28MW solar plant while starting construction for another 150MW project in Killianwali village of Muktsar district, in the Indian state of Punjab.
India’s Ministry of New and Renewable Energy (MNRE) has invited comments from stakeholders on its draft ‘National Policy for Renewable Energy based Micro and Mini Grids’.
The eastern Indian state of Jharkhand has awarded letters of intent (LOIs) to the winners of projects of more than 25MW capacity each from its 1.2GW solar PV auction, in what was seen as a positive step for developers.
India’s Ministry of New and Renewable Energy (MNRE) has uploaded an online resource for consumers to apply for rooftop solar installations, which includes a solar rooftop calculator.
State-owned firm the Indian Renewable Energy Development Agency (IREDA) is considering raising funds through the issue of non-convertible bonds, according to a filing on the Bombay Stock Exchange.
The Indian government is promoting small-scale solar and wind hybrid systems (SWES) in rural areas without electricity through a new programme following the success of similar projects in the US and Europe.
