Azure Power quarterly results show 49% EBITDA increase
Indian solar developers post strong financial results for quarter ending 31st December 2016, with 49% EBITDA increase and 46% increase in revenue compared to the same period in the previous year.
Japanese venture snaps up 10% of ReNew Power for $200 million
Jera — jointly owned by Japanese utilities Tokyo Electric Power (Tepco) and Chubu Electric Power — will acquire an equity stake in the Indian independent power producer via a subscription to newly issued shares.
Analysis: India’s record-low solar tariff product of unique circumstances, says Mercom
Price of INR 3.30/kWh recorded at Rewa Solar Park auction in Madhya Pradesh among lowest in the world, and marks continuation of downward trend. Many factors played a role in bringing down the price in this particular auction, says Mercom Capital Group.
India’s Madhya Pradesh auctions nation’s lowest-priced solar
Today’s reverse auction for capacity at the 750 MW Rewa solar farm in the Indian state attracts record-low bid of just INR 3.59/kWh ($0.053/kWh).
M10 Industries Kubus tabber stringer passes Emmvee Solar stress tests
The first two high performance tabber stringers made by the Freiburg based equipment manufacturer have successfully passed a 72 hour site acceptance test at Emmvee Solar’s production facility in Bangalore, India.
India’s installed renewable energy capacity surpasses 50 GW
Data from the Ministry of New and Renewable Energy analyzed by Mercom Capital Group shows India’s renewable energy installations have crossed 50 GW, setting the country on course to meet its 2022 goal.
Tata Power Solar reaches 1 GW module shipment milestone
The solar arm of the industrial giant becomes the first Indian company to surpass 1 GW of global PV module shipments, shipping 60% of that figure over the past five years.
TerraForm Global releases overdue Q2 2016 results
The move is a step toward regaining regulatory compliance, in advance of a potential purchase by Brookfield.
Mercom: India’s April-October PV imports up 40%, exports down 22%
The value of the country’s solar imports and exports hit US$1.22 billion (R83.1 billion) from the start of the current fiscal year in April to the end of October 2016, up nearly $1 billion from the same period a year earlier, according to Mercom Capital.
Another 100 MW of grid-connected rooftop solar being tendered in India
Government enterprise Central Electronics Limited (CEL) is tendering the new rooftop capacity using the RESCO model for projects nationwide, with bidders given until March to apply, according to market analyst Mercom Capital.
