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.
Asian Development Bank provides more than $1bn finance for renewables power lines
The development lender has followed up a $600 million loan for distribution infrastructure in eastern Indonesia with a $430 million credit line for installations in India.
New rooftop PV inverter series from Indian manufacturer
Power electronics specialist Best Power Equipments has launched a product range with a power rating of 1-60 kW and efficiency of up to 98%.
NTPC opens global bids for 20 MW floating solar project in India
The winning developer will be able to use solar modules and cells of any origin for the plant, which will be built in Auraiya district, in the Indian state of Uttar Pradesh. Bidding closes on Sept. 5.
New tenders totaling 1.2 GW announced in India
In Uttar Pradesh, another 500 MW of solar capacity is expected to be tendered by the end of October, while Gujarat has announced a 700 MW tender under Phase III of the Raghanesda Solar Park.
India: Uttar Pradesh cancels 1 GW projects due to high tariff
Citing high tariff of INR 3.48 ($0.050)/kWh as untenable, the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has cancelled the recent auction for the development of 1 GW grid-connected solar PV projects across the state.
India: SECI opens bids for 150 MW floating solar power project
The Solar Energy Corporation of India Limited (SECI) has announced a tender for the development of a 150 MW grid connected floating solar PV power project in the Indian state of Uttar Pradesh.
India: Avaada Power to develop 1.6 GW of solar in Uttar Pradesh
Avaada Power Pvt Ltd has committed US$1.55 billion to develop solar PV projects in the state of Uttar Pradesh in India.
Indian gas utility connects country’s second-largest rooftop solar plant
GAIL, which is a state-owned provider of gas, commissioned a 5.76 MW rooftop PV array at its Pata petrochemicals plant in Uttar Pradesh at the end of 2017.
India: UPNEDA issues draft Solar Power Policy 2017
The draft Uttar Pradesh Solar Power Policy 2017 aims to encourage participation of the private sector and provide investment opportunities in India’s most populous state.
