The duty imposition on solar panels is aimed at boosting the domestic manufacturing capability in India. This move is intended to provide a level playing field for domestic manufacturers to compete with Chinese players in the solar panel market. Currently, domestic modules trade at a discount of 7-10% to global Read more
India is one of the world’s leading solar markets, with ambitious renewable energy targets. However, more than 80% of solar equipment used in power projects is imported from Asian countries such as China, Vietnam, and Malaysia. India’s domestic manufacturing capacity for cells and modules is largely underutilized, standing at only Read more
Solar power is one of the fastest-growing renewable energy sources worldwide, and with the decreasing costs of solar panels and increasing demand, many investors are interested in the solar manufacturing industry. However, setting up an integrated solar module manufacturing plant is not an easy task and requires significant investment. According Read more
SHV Energy, a leading global LPG distributor, recently invested Rs 18 billion in SunSource Energy, a solar energy solutions provider based in India. The investment is a significant step towards expanding SHV Energy’s renewable energy portfolio and contributing to India’s growing clean energy market. Equity investments like these are crucial Read more
Total Carbon Neutrality Ventures, the venture capital arm of French oil and gas major Total, has recently invested Rs 180 million in Freyr Energy, an Indian solar solutions provider. The investment, along with Schieder Electric Energy Access Asia and Capital 4 Development Partners, is aimed at supporting Freyr Energy’s growth Read more
Actis, a leading private equity investor in emerging markets, recently announced the acquisition of Fortum’s solar energy assets in India for $333 million. The acquisition, through Actis’s renewable energy platform Sprng Energy, includes seven operating solar projects with a total capacity of 300 MW. In this blog article, we will Read more
Norwegian development finance institution Norfund has partnered with TPG Fourth Partner Energy, a leading renewable energy company in India, to invest $125 million in a green energy platform. The investment is aimed at supporting the growth of India’s renewable energy sector and reducing the country’s dependence on fossil fuels. In Read more
IndiGrid, India’s first power sector infrastructure investment trust, has announced a strategic investment of Rs 6.6 billion ($88.7 million) in Fotowatio Renewable Ventures (FRV), a leading global developer of renewable energy projects. The investment will enable IndiGrid to expand its renewable energy portfolio and contribute to India’s transition to a Read more
Torrent Power Limited, one of the leading power companies in India, has recently announced its acquisition of a 156 MW thermal power plant in West Bengal’s Haldia district. The deal has been signed with CESC Limited, Haldia Energy Limited, and other shareholders for a consideration of Rs. 7.9 billion. The Read more
Reliance New Energy Solar, a subsidiary of Reliance Industries Limited, has recently announced its acquisition of a 51% stake in Solar Sterling & Wilson for Rs. 28 billion. The deal is expected to strengthen Reliance’s presence in the solar energy sector and enable the company to expand its renewable energy Read more