The Finnish power utility has completed its third large-scale PV plant in India. The 70 MW Bhadla solar park is located in the state of Rajasthan.
In its largest ever support for solar power in Asia, the European Investment Bank (EIB) has confirmed a €200 million ($214 million) loan to the State Bank of India.
India’s burgeoning renewable energy capacity is set to receive a boost in the form of a $175 million loan.
Hindustan Power’s clean energy arm is growing its solar portfolio in the sunny state of Punjab with a 50 MW power plant.
The Texas-headquartered firm will provide grid stability for Power Grid Corporation of India Limited in Puducherry with its flow battery systems.
Investment by a Russian firm in the Indian solar sector sees Miyota Power India – a joint venture between state-controlled JSC Minneftegasstroi and Akis Tech – collaborate with Al Ameen Green Energy on Tamil Nadu PV plans.
The National Thermal Power Corporation (NTPC) has commissioned solar projects aggregating 20 MW at the Bhadla Solar Park in Rajasthan.
The Tokyo-based developer and MUL Energy Investment — a unit of Mitsubishi UFJ Lease & Finance — have purchased a project company from conglomerate Marubeni.
The Tamil Nadu Energy Development Agency has invited bids for development of ultra mega solar park in the state. In Karnataka, the National Thermal Power Corporation retenders 750 MW of solar capacity at the Pavagada Solar Park.
The Indian solar producer has also increased its cell manufacturing capacity at its Bengaluru facility to 300 MW as it responds to the government’s Make in India program.
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