Acme Solar raises $334 million via offshore green bonds
Indian developer Acme Solar’s green bonds were oversubscribed by over three times, and will support it financing twelve projects for a combined 450MW (or 605 MWp) of its operational assets in India.
Indian state of Telangana pitches for 5 GW lithium-ion battery plant
Following the launch of the Indian government’s 40 GW battery production plan for the states, Telangana has pitched for a 5 GW lithium ion plant by announcing the ready availability of 200 acres of land plus power and water for the fab at a concessional rate.
Growth slows in India as developers add 1.7 GW of solar in Q1
The country’s solar installations fell 49% year-on-year in the first three months of 2019, with rooftop PV additions plunging as installers struggled to secure approval for projects immediately before the Indian general election, according to new statistics from Mercom India Research.
India well on track for 100 GW target, claims minister
The Minister for New and Renewable Energy has waved aside complaints about safeguarding duties by telling India’s upper house the nation’s ambitious four-year solar target is ‘comfortably’ within reach.
India solar installs hit 2.2GW in Q3
Record growth continues as India installed 2,247 MW of solar projects in Q3 2017, up 15% from Q2 2017. The total installation at the end of 2017 is expected to range from 9.5 GW to 10 GW. The 7 GW solar installation in first nine months covered more than one-third of total new power capacity addition in 2017.
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.
ABB, Trina Solar dominant in thriving Indian market, finds Bridge To India
Latest Indian Solar Map by analysts Bridge To India finds that Trina Solar has 25.7% of module market share, with ABB top of inverter charts on 28.6% share. Solar sector poised to grow by at least 8 GW this year.
Hareon Solar, Azure Power to develop 118 MW PV project in India
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.
India: ReNew Power switches on 143 MW solar farm in Telangana
The Indian independent power producer has commissioned the largest solar PV project in the Indian state of Telangana, where it is looking to grow its solar portfolio to 510 MW over the next few months.
