India Ratings and Research says solar projects continue to operate in a stable manner, with adequate debt service coverage and comfortable internal liquidity. The fall in module prices over the six months to February 2023 is positive for under-construction projects, it claimed.

Adani Group has agreed to build 15 GW of renewable energy projects in the Indian state of Andhra Pradesh.

Triveni Glass is the latest company in India to venture into solar glass production, following similar announcements by Asahi India Glass, Gold Plus Glass Industry, and Chiripal Group.

India reached almost 8.8 GW of cumulative installed rooftop PV capacity at the end of December 2022. The state of Gujarat led in terms of deployment, with a 24% share of rooftop solar installations.

Adani accounted for the largest share of India’s 15 GW of solar installations last year, with 1.75 GW of capacity additions. The developer was followed by NTPC with 1.61 GW and Avaada with 1.38 GW, according to Bridge To India’s latest report.

Karnataka Ltd. has started accepting bids to develop up to 1 GW of pumped hydro storage, while Assam Power Distribution has revealed plans to procure 200 MW of PV capacity.

NTPC Renewable Energy (NTPC REL), on behalf of its joint venture with DVC, has launched bidding for the construction of 260 MW of floating solar capacity and 50 MW of ground-mount PV projects at DVC reservoirs in India.

Emmvee Group is building a 1.5 GW cell production line with 1.75 GW of integrated PV module capacity in India. The new facility will expand its overall module capacity to 3 GW.

CIL Navikarniya Urja, a unit of Coal India, has tendered an engineering, procurement, and construction (EPC) contract for a 20 MW, grid-connected solar plant for captive consumption in India.

India’s Ministry of Power has released draft guidelines to support concessional climate finance and the use of exhausted coal mines as sites for pumped storage projects.