India

The state-owned Indian hydro-power producer has issued an EoI to select potential partners for the construction of large-scale PV plants across India. SJVN will have an equity share of over 26% in the proposed joint venture.

RaysExperts adds 30 MW to its Rays Solar Park in just 90 days, whereas Rays Infra Power makes it on to IHS Markit’s top 10 EPC companies list, outside U.S. and China.

New data highlight a major discrepancy between India’s solar import and export numbers in the first 11 months of the financial year 2016-17.

The latest 500 MW tender by the Solar Corporation of India (SECI) drove the tariffs under INR 2.50 ($ 0.038), making solar cheaper than fossil fuel-generated power.

Global issuance soared 60% year on year to $113 billion in 2016, with Chinese and Indian banks playing a critical role in driving growth by issuing debt securities to back the development of PV projects and other climate-related initiatives, Fitch Ratings said in a recent report. The total value of outstanding green bonds had reached $280 billion by the end of March 2017.

The Spanish developer has raised $104 million in financing for nine large-scale PV projects spread across India and Chile.

A downward trend for the solar tariffs in India continues, with a new record low produced in a tender for a 50 MW solar power plant in Rajasthan.

Despite installing record capacities of solar power, India’s renewable energy additions for financial year 2016-17 were 11,319.17 MW – some 5,340 MW below the targeted capacity, data shows.

The Andhra Pradesh Power Generation Corporation releases tender details of $70 million solar project to be built in Talaricheruvu.

The Chinese solar and PV cell manufacturer and India’s largest independent solar power company are looking to invest in a large-scale solar power project in the Indian state of Telangana.