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India’s 10 GW mega tender has now been trimmed to 3 GW

A week after rejecting the sole bid received – from Azure Power – for its manufacturing-linked 10 GW solar procurement, the government has trimmed the size of the ill-fated exercise by more than two-thirds.

Abu Dhabi’s Masdar vies for stake in Indian developer Hero Future

State-owned Masdar Clean Energy is in talks to acquire a 30-35% stake in Hero Future Energies. With the stake sale, the renewable energy arm of Hero Group expects to raise $300-350 million for its expansion into global markets, according to reports.


Electric car sales in India declined by 40% in 2018

EV sales retreated to a mere 1,200 units in the 2018 financial year, but electric two-wheeler sales rose 138%, to 54,800 units, according to research and consultancy group Wood Mackenzie.

Rejection of Azure Power bid confirms failure of India’s 10 GW ‘mega-tender’

Delhi-based developer Azure had bid for a 2 GW project on a single site – plus 600 MW of manufacturing capacity – as part of a much-hyped national 10 GW manufacturing-linked tender. The government has decided to reject the bid because it says the quoted price is unreasonable.

India mulls anti-dumping duty on Malaysian solar glass

The government may impose anti-dumping duty of $114.58 per tonne on tempered solar glass imports to provide a level playing field to domestic manufacturers.

Indian Railways plans to tender 4 GW solar project

The procurement will be worth an estimated $2.25 billion, and will stipulate the use of 1.2 GW of Indian-made equipment. The power generated will replace 4 GW of coal-fired electricity consumption used by the railways.


Investment funds scramble to acquire Indian giant’s 1 GW assets

Global Infra Partners, KKR, Brookfield, I Squared Capital and Macquarie are reported to be among those eyeing the renewable energy assets of debt riddled Infrastructure Leasing and Financial Services.


Planned 5 GW Indian solar plant will be ‘the world’s largest’

Known as the “roof of the world,” the scenic Ladakh region of the Indian state of Jammu and Kashmir could soon host the world’s largest single-location PV plant.


Macquarie and India’s NTPC in race to buy Infrastructure Leasing and Financial Services’ assets

India’s leading infrastructure finance company expects to generate up to $1.14bn from wind and solar asset sales.


India will tender 500 GW renewable capacity by 2028

Of that colossal sum, 350 GW would be for solar. India currently has installed renewable energy capacity of 75 GW with a further 46 GW under implementation.


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