Investment in Solar market of India

As recently as a few months ago, the alternative energy targets announced by Indian prime minister Narendra Modi’s government in 2014 seemed wildly overambitious — even to solar electricity enthusiasts in the industry. But a surge of investment in solar … Continue reading

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SunEdison to invest $2 billion in solar, looks for Indian partner

Indian government launched “Make in India” initiative earlier this year and backing this initiative, the US-based renewables major SunEdison Inc is looking to invest up to $2 billion (Rs 13,200 crore) in the next one year in a polysilicon manufacturing facility … Continue reading

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Global Green Energy Firms Look to enter India

Global green energy firms like NRG Energy Inc & Canada’s TransAlta are keen on entering the Indian renewable energy sector. While NRG has an installed capacity of 50,000 megawatts (MW), TransAlta is Canada’s largest publicly traded power generator and marketer of … Continue reading

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Welspun Renewables to Develop 8.66 GW of Solar in India

Welspun Renewables will deploy 8.66 GW of solar PV capacity across India in the coming years. Overall, it intends to install 11 GW of renewable capacity – with 1 GW planned for this year – in states including Maharashtra, Punjab, Madhya … Continue reading

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Indian Government Eyes $2 Billion funding for Solar Rooftop Projects

The Ministry of New and Renewable Energy (MNRE) has planned to mobilise about $2 billion from international financial institutions to fund rooftop solar projects in the next five years as part of the government’s green energy target of 1,75,000 megawatts … Continue reading

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China’s Hareon Solar has 160 MW Solar Project in India

China-listed solar PV company Hareon Solar announced that its wholly-owned subsidiary Hareon Solar Power Private Limited (Hareon India) will sign an agreement with Keshav Power Private Limited (KPL) – which belongs to Dalmia Group – for the establishment of a … Continue reading

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Japan’s Foreign Aid Arm Plans to Fund Solar Parks in India

Japan’s foreign aid arm Japan International Cooperation Agency (JICA) plans to fund solar power parks in the country, giving a fillip to India’s green energy plan. Initially, JICA may invest $500 million in the proposed solar parks. Other institutions such … Continue reading

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Adani Group Sign 200 MW Solar PPA with Tamil Nadu

The Adani Group has signed a power purchase agreement (PPA) with the Tamil Nadu government to set up a 200MW solar power plant in Ramanathapuram at an investment of nearly Rs.1,400 crore, according to TANGEDCO officials. The group is also … Continue reading

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13GW of Solar Parks to be Setup by Year-End

The ministry of new and renewable energy (MNRE) is planning to set up around 13,000MW or 13GW of solar park projects by the year-end, after a push from the Prime Minister’s Office (PMO). These projects are spread across 20 states. … Continue reading

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