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Renew Power

India’s ReNew Power to build 2 GW factory

The Haryana-based developer will invest up to $266.9 million to set up a new solar cell and module manufacturing facility.

Record-setting solar auction could open India up to foreign investment

Developers from France and Germany and investors with access to cheap U.S. and U.K. finance were among the winners in a 2 GW procurement round which saw Spanish company Solarpack lodge a record-low price for Indian solar power of $0.031/kWh.

Indian renewables-plus-storage tender secures power for $0.038/kWh

Winning developer Renew Power can opt for solar, wind or hybrid plants along with energy storage systems to ensure round-the-clock power supply.

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ReNew Power, South Korea’s GS E&C to build 300 MW of PV in India

The Indian developer will hold a 51% stake in the venture, with Seoul-based GS E&C taking the remainder. The capacity was awarded under Solar Energy Corp. of India’s tranche-IV auction earlier this year.

Stock markets pumped $1.3bn into solar in the last quarter

Fundraising activity for solar leaped in the July-to-September period to provide healthy quarterly and year-so-far comparisons on 2018.

India’s manufacturing-linked mega tender set for more tweaks

Bidders interested in competing for a tender which will allocate 6 GW of solar capacity linked, pro rata, with 2 GW of manufacturing output now have until September 11 to register their bid as administrator the Solar Energy Corporation of India will amend the exercise to incorporate developer feedback.

Solar financing up but policy support is still crucial

Talk of ‘grid-parity’ and ‘subsidy-free’ solar has had industry figures cherishing the ideal of a sector that can operate free of the caprices of government but a peer behind the latest global PV funding figures demonstrates just how dependent on policy the solar industry remains.

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India’s latest 1.2 GW of solar capacity awarded at $0.036 ahead of safeguarding duty fall

The Solar Energy Corporation of India’s 1.2 GW auction saw four companies – Ayana Renewable, ReNew Power, NYSE-listed Azure Power and Mahindra Susten – secure a combined capacity of 1.15 GW at INR2.54/kWh. Avaada Energy landed the remaining 50 MW, at Rs2.55.

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Indian state of Maharashtra’s 1 GW tender attracts bids for 1.9 GW

Domestic developers Avaada Power and Adani lead the way with each bidding for half the capacity available, after the state distribution company raised the maximum tariff and extended the bid deadline.

India added world’s second largest PV capacity in first half of 2018

The nation installed 4.9 GW of solar, surpassing the USA – which installed 4.7 GW – to become the second largest solar market in the first half of the year, second only to China’s 24.3 GW.

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