Indian firm Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power, has won a 30MW solar PV project with local content rules in the Indian state of Maharashtra.
The Delhi government approved its first solar policy this month with a particular focus on the rooftop segment. Jyoti Gulia, senior manager, market intelligence, at consultancy firm Bridge to India, explains how the policy brings some innovative firsts to India especially in net metering.
Tata Power agreed to buy Welspun Renewable Energy earlier this month for INR92.49 billion (US$1.42 billion). Against the backdrop of fiercely competitive bidding, Mercom Capital Group chief executive and co-founder Raj Prabhu, explains the scene of potential mergers and acquisitions in the Indian solar market.
Solar PV installations are expected to surpass 60GW worldwide in 2016, up from the 50.6GW deployed last year, according to the latest figures from SolarPower Europe.
Power firm CLP India, a subsidiary of CLP Holdings, and renewables firm Suzlon Group have entered into a joint venture over a 100MW solar project at Veltoor in the Indian state of Telangana.
Wind power developers in India have been facing delayed payments from distribution companies of up to eight months at a time in various states, but solar developers have experienced only negligible delays in a couple of states, according to industry analysts.
Indian conglomerate Adani Group has become the leading solar developer in India in terms of commissioned and pipeline capacity after winning all 100MW of solar capacity available in the latest auction from the state of Chhattisgarh, according an industry analyst.
The Solar Energy Corporation of India (SECI) has issued a request for selection (RfS) for 450MW of grid-connected solar PV projects in the state of Maharashtra.
The Indian government has launched a request for proposals for renewable energy projects to tap into the multi-billion dollar Green Climate Fund (GCF).
