Mercom: US$300m ReNew Power deal and stock exchange listings help industry raise US$6bn in H1 2019 from venture capitalists, public markets and debt providers.
Manufacturer hails loan extension, Japanese firm claims to halve finance costs via green debt structure, Indian player bags US$300m from top financiers.
Ahead of PV Tech launching its new PV IndiaTech conference, on 24-25 April 2019, in Delhi, I review in this blog what the event is all about, and why the timing of the event has turned out to be perfect as India debates how to create a sustainable manufacturing segment that supplies quality modules to its downstream segments.
Indian investigator recommends EVA sheet anti-dumping duties, ReNew Power secures up to $$350 Million financing from OPIC, Sungrow hits 3GW of shipments in India, MNRE approves funding for clean energy R&D, Tata Power Solar launches residential rooftop solution at Guwahati, Assam.
The lowest bid quoted in Indian state-run utility NTPC’s auction for 2GW of interstate transmission system (ISTS)-connected solar was INR2.59/kWh (US$0.037), a 14 paisa rise from the L1 tariff in the most recent 2GW PV auction in India.
Maharashtra’s latest 1GW auction has attracted winning bids of between INR 2.71-2.72/kWh (US$.0.04), staying almost flat with India’s most recent PV auction in Andhra Pradesh.
Indian clean energy developer ReNew Power has acquired Ostro Energy Private Ltd for an undisclosed sum in what is one of India’s largest ever renewable energy deals.
Global investment management organisation Canada Pension Plan Investment Board (CPPIB) has acquired a 6.3% stake in Indian renewables developer ReNew Power Ventures from the Asian Development Bank (ADB) for US$144 million.
Goldman Sachs-backed clean energy firm ReNew Power Ventures has launched a new renewable energy R&D centre at the Indian Institute of Technology (IIT), Delhi, India.
Renewable energy developers SkyPower and Renew Power are involved in legal disputes with the distribution company (Discom) of the Indian state of Madhya Pradesh over solar project deadlines and PPAs, while SkyPower has also claimed to have successfully brought into operation its first ever project in the state.
India installed 5.5GW of utility-scale solar capacity in the last fiscal year and the country is expected to add another 8GW in the coming year, according to consultancy firm Bridge to India’s ‘India Solar Map’.
