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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Modi government approves Rs 5,000 crore for solar rooftop

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved scaling up of budget from Rs 600 crore to Rs 5,000 crore for implementation of Grid Connected Solar Rooftop systems over a period of five years upto 2019-20 … Continue reading

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India: 6.5 GW of solar to be auctioned in next 3 months

The solar industry saw a boom this year after Mr. Narendra Modi took charge of the PM office. The Modi government set the bar at 150GW of renewable energy by year 2020, in which 100GW capacity would be generated through solar … Continue reading

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Vikram, Tata and Jakson win 260MW of EPC contracts in Rajasthan

Three separate developers have won 260MW of capacity on an engineering, procurement and construction (EPC) basis for a solar park in the Indian state of Rajasthan. India-based module manufacturer Vikram Solar won 2x65MW projects at INR 56.28 million/MW. Meanwhile EPC firm … Continue reading

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Azure Power win projects in 150MW Andhra Pradesh solar auction

Azure Power and Adani Group, two big developers in the Indian solar sector, won the 150MW capacity project available in Andhra Pradesh solar auction, which comes under the Domestic Content Requirement (DCR) category. PV firm Azure Power won two projects … Continue reading

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India reaches the 5 Gigawatt mark for Solar power

  The total installed capacity of solar power in India has crossed the 5 Gigawatt (GW) mark by the end of November 2015. While total commissioned utility solar power capacity in India reached 4.7 GW, rooftop solar power capacity stands … Continue reading

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SunEdison to sell 425 MW of solar projects to ‘yieldco’

SunEdison Inc., a US Solar company, is set to sell solar projects in India with generating capacity of 425MW to its “yieldco” TerraForm Global Inc for $231 million. SunEdison is currently heavily indebted now plans that it would stop selling … Continue reading

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Off-Grid Solar market is a good Investment option

The Off-Grid Solar market is seeing a sudden spike in developed countries and the developing countries are not far behind either. With an estimate of US$ 300 million annual business, the off-grid solar market is the new hotspot for investors. … Continue reading

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Plunging Solar costs in India give a scare to Coal projects

With Modi government backing solar projects in India, the costs for large scale solar projects is expected to fall again in the upcoming auctions which will affect the economics of importing coal from mega projects such as the Galilee Basin. New … Continue reading

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Reliance Power plans to switch from Coal to Solar power

With the change in leadership, Reliance Power now plans to shift its business from coal-based power plants to solar industry. N Venugopala Rao, the new CEO of Reliance Power, seems to have taken under consideration the fact that coal will … Continue reading

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