New Delhi: The central government has issued a new tender for solar power equipment manufacturing capacity totaling 2 gigawatts, the latest attempt to spur its domestic industry after two earlier efforts failed to rouse investor interest. The new tender, issued by the state-owned Solar Energy Corp. of India, seeks four projects Read more…
MUMBAI : Essel Infraprojects Ltd, a part of the Subhash Chandra-led debt-laden Essel Group, has agreed to sell about 310 megawatts (MW) of solar energy assets to the Adani Group at a valuation of ₹1,800-2,000 crore, said two people aware the development. This would be the third sale for Essel Infra, which Read more…
Mumbai: Mint brings you your dose of the top deals news, reported from newsrooms across the country. Mahindra in final lap to sell solar portfolio Mahindra Susten, the renewable business arm of Mahindra group, has got binding offers from CLP India and the Piramal Group for its 160 megawatts (MW) solar assets, Mint reportedciting Read more…
ReNew Power, which until recently was a major acquirer of renewable assets in India, has put 300 megawatts (MW) of solar assets on sale as the company tries to cope with rising uncertainty in the industry, two people aware of the development said. The move to raise capital through sale Read more…
NEW DELHI : In what may impact India’s emerging green economy, rating agency ICRA has downgraded around 1.9 gigawatts (GW) of wind and solar power projects in its rated portfolio and has also revised the rating outlook for some projects. This comes in the backdrop of India’s clean energy sector going Read more…
It is a well-known fact that China’s solar sector is highly subsidized. This was the official reason for US President Donald Trump’s announcement of a 30% tariff on imported solar equipment in January as Chinese solar companies undercut US solar manufacturers. The Narendra Modi government is walking down the same Read more…
Shapoorji Pallonji Group’s solar engineering, procurement and construction (EPC) business, Sterling and Wilson Solar Ltd, on Thursday, announced its initial public offering (IPO) worth ₹3,125 crore. The price band for the three-day IPO, which opens on 6 August, is fixed at ₹775- ₹780 apiece. The IPO, a pure offer for sale, will see Read more…
MUMBAI : Fotowatio Renewable Ventures(FRV), the largest Arabian green energy utility, is likely to seek a new buyer for its Indian solar business following delays in the ongoing negotiations with Rahul Munjal’s Hero Future Energies, said three people aware of the development, requesting anonymity. FRV, owned by Abdul Latif Jameel Energy and Read more…
New Delhi: The solar industry is headed for a legal battle as the ruling that set the goods and services tax (GST) rate for solar power projects at 18% has come as a dampener for the industry already facing import duty on solar panels. Maharashtra’s appellate authority for advance ruling (AAAR) Read more…
A utility-scale solar facility is one which generates solar power and feeds it into the grid, supplying a utility with energy. Layout designing is the major factor for installation of cost-effective solar plant. The general layout of the plant and the distance chosen between rows of mounting structures will be Read more…