Indian renewable energy firm Greenko Energy Holdings has raised US$155 million in equity from an affiliate of global investment firm GIC and a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA).
Despite India tripling solar deployments to reach 10GW in less than three years, the country's ultimate target of 100GW by 2022 will be extremely difficult without better enforcement of the Renewable Purchase Obligation (RPO), according to Mercom Capital Group’s latest market intelligence report.
The Philippines had 903MW of installed solar PV capacity under its Renewable Energy Law at the end of 2016, according to Department of Energy (DOE) figures.
India has sanctioned the benchmark costs for grid-connected rooftop and small-scale solar PV plants for 2017/18, according to a Ministry of New and Renewable Energy (MNRE) release.
India is expected to double its installed solar PV capacity from 10GW to 20GW within 15 months, according to energy and mines minister Piyush Goyal, who is also encouraging manufacturers to locate in India.
India’s largest utility NTPC has invited bids for the development of 750MW of solar capacity at the Pavagada Solar Park in the southern state of Karnataka.
Indian solar developers have been more aggressive than their international counterparts in solar tenders and their risk pricing appears to have been inadequate, according to a new report from consultancy firm Bridge to India.
Kolkata-based engineering firm McNally Bharat Engineering has received an order to perform EPC and O&M services for 500MW of grid-connected solar PV projects in the Indian state of Andhra Pradesh.
India has crossed the 10GW solar PV installation milestone having tripled its capacity in less than three years, according to a late night Tweet on Friday from energy and mines minister Piyush Goyal.
