india

India installed just 205MW of solar capacity in the second quarter of 2020, down 86% year-on-year, according to a new report from research and consulting firm Mercom India Research.

Azure Power and Tata Power were among winners in a reverse auction for 1.2GW of solar projects in India, with a winning tariff of INR2.43/kWh (US$0.0324).

The Indian government has extended its safeguard duty on solar equipment for one more year, effective today.

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.