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India

India’s Rural Electrification Corporation issues $450 million green bond in UK

The 10-year green bond paying a hefty annual yield of 3.965% stirred up strong interest of investors on the London Stock Exchange.

India: ACME Solar receives $108m funding injection from Piramal

Haryana-based solar power developer has received financing in the form of flexible credit, designed to allow ACME Solar to draw on and repay funds over the duration of the loan agreement.

Attainable target: India can integrate 175 GW of RE into the grid, study finds

Integration of 175 GW of renewable energy into India’s grid is technically and economically viable, a study shows, further strengthening the government’s resolve to redesign the electricity generation system.

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India: Telangana state confident of passing 5 GW solar threshold by 2019

State officials believe that Telangana can surge from current installed base of 1.3 GW to surpass 5 GW over the next couple of years via its decentralized model of solar development.

India: new record-low solar tariff in Tamil Nadu

Price of INR 3.47 ($0.053)/kWh set at the 1.5 GW TANGEDCO solar tender by developer Raasi Green Earth Energy, which will develop 100 MW of solar PV at that tariff.

India: TEDA tendering 500 MW solar park in Tamil Nadu

The Tamil Nadu Energy Development Agency (TEDA) is on the lookout for a developer for a 500 MW solar park.

India: UPNEDA issues draft Solar Power Policy 2017

The draft Uttar Pradesh Solar Power Policy 2017 aims to encourage participation of the private sector and provide investment opportunities in India’s most populous state.

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Solar-powered petrol pumps highlight ironies of India’s clean energy drive

Growth in solar panel installs at gas stations across India has fuelled uptake in petrol sales in regions where fossil fuel consumption had been falling, exposing one of the ironies of cheaper and reliable PV power.

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China’s East Hope Group signs $300m MoU with Adani to build Indian manufacturing unit

The two industrial giants will develop a large fab at a port in the Mundra economic zone in Gujarat, which will manufacture solar power generation equipment as well as other goods.

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Indian state of Maharashtra announces 2 GW of solar projects

The Maharashtra State Power Generation Company (MAHAGENCO) issues call for developers to build 500 MW solar park and construct 1.5 GW of solar projects to solarize state’s agriculture feeder infrastructure.

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