The Indian government and three of its state-run companies are setting up a US$2 billion equity fund to help renewable energy companies meet the country's ambitious targets, according Reuters citing two government sources.
Solar is dominating India’s renewable energy revolution, but there is a need to push various financing mechanisms for each solar segment to reach the country's vastly ambitious targets, according to a new report from Bloomberg New Energy Finance (BNEF).
State-owned PV manufacturer HT-SAAE is pursuing the government’s ‘One Belt, One Road’ industrial strategy as it looks to diversify the geographic spread of its end customers.
Suzlon Group has formed a joint venture with India-based renewables firm Ostro Energy to develop a 50MW PV project at Wanaparthy in the Indian state of Telangana.
India’s largest utility NTPC has invited bids for a single solar PV project of 250MW capacity to be set up at the Kadapa Solar Park in Andhra Pradesh under open category.
Spain-based renewable energy developer Gamesa will perform EPC for two projects developed by local firm Atria Power in the Indian states of Karnataka and Andhra Pradesh.
Delays in solar PPA signing combined with a petition from developers has led to significant project commissioning deadline extensions in the Indian state of Uttarakhand, according to consultancy firm Mercom Capital Group.
India’s green bond market took off this year becoming the seventh largest labelled green bond issuer with US$2.7 billion issued as of 12 October, according to the Climate Bonds Initiative (CBI).
Tata Power Renewable Energy has signed a power purchase agreement for a 100MW solar project at Anantapuram solar park in Andhra Pradesh with the Solar Corporation of India (SECI).
