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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Lightsource to be a source of power in India

Lightsource Renewable Energy, one of the U.K.’s leading developers of solar power projects, has today signed a landmark £2 billion ($3 billion) deal to develop 3 GW of solar PV projects in India over the next five years. The agreement … Continue reading

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UBS Analysts See Sunny Future Ahead

Within a decade, solar photovoltaics could account for 10 percent of electricity supply globally, beating out coal and nuclear as “default” power generation technologies. That’s the conclusion of a new analysis from investment bank UBS, which found that global installed solar … Continue reading

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German development bank KFW could lend India $1.1 billion

According to reports, German development bank KFW could lend India $1.1 billion for rooftop solar projects, on top of another loan it has extended to help the Asian country fund its ambitious green energy plans, India’s top renewable energy bureaucrat … Continue reading

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JBM Group to invest Rs 1,600 cr in solar energy

Delhi-based auto component manufacturer today announced its foray into the solar energy sector with a committed investment of Rs 1,600 crore over the next three years. The group plans to have a combined capacity of 300MW under the newly formed … Continue reading

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Wind Energy companies infusing huge funds into Solar Energy

Big wind energy companies in India such as Gamesa, Mytrah and Suzlon are all diversifying into solar space this year with plans to invest several hundred million dollars in the next five years in installing thousands of solar megawatts, given … Continue reading

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Power Grid to seek shareholders’ nod to raise Rs 13K Cr

State-owned utility Power Grid Corporation will soon seek shareholders’ approval to raise up to Rs 13,000 crore from domestic and external sources during the current fiscal. The Board of Directors has approved the proposal to raise Rs 13,000 crore through … Continue reading

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Govt in talks with lending agencies to raise $3 bn for solar power projects

India is in talks with more than half-a-dozen leading multilateral funding and lending agencies to try and raise at least $3 billion for solar power projects that will help meet its ambitious renewable energy target, cut the oil import bill … Continue reading

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Yes Bank raises Rs 1,000 crore via green bonds, double the target

Private sector Yes Bank today raised Rs 1,000 crore against a targeted Rs 500 crore by issuing green infrastructure bonds. The bonds are of 10-year tenor and the money raised will be used for funding renewable energy projects in solar, … Continue reading

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Indian government to attract investors at renewable energy conclave in early 2015

Indian government has gotten into action following Prime Minister Narendra Modi’s announcement to promote investments in renewable sector in India. There are plans to host an investor’s summit, and concerned ministry – Ministry of New and Renewable Energy (now aligned … Continue reading

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