Mumbai: Mahindra Susten, the renewable business arm of Mahindra group, has launched a formal process to sell around 160 megawatts (MW) of solar assets, two people aware of the development said. The company offers diversified services within the renewable energy and cleantech space, such as turnkey solar engineering, procurement and construction Read more
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
BENGALURU : Walmart Inc. on Tuesday sued Tesla Inc., accusing it of “widespread negligence” that led to repeated fires of its solar systems and asking a court to force Tesla to remove solar panels from more than 240 of its US stores. Solar energy systems installed and maintained by the electric car Read more
Geneva: India on Thursday won a major trade dispute against the US at the World Trade Organization, with a dispute settlement panel pronouncing that subsidies and mandatory local content requirements instituted by eight American states breached global trade rules. In a significant 100-page report, the three-member panel largely upheld India’s claims Read more
New Delhi: State-run engineering firm BHELon Sunday said it has won two orders worth ₹800 crore for setting up solar energy capacity of 200 MW, and its solar photovoltaic portfolio has touched 1,000 MW mark with these orders. Valued at over ₹800 crore, the orders have been secured from the state-run power giant NTPC Ltd 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
1. Introduction Government of India is encouraging adoption of solar energy by every Indian. To promote convenient adoption and use of solar energy, public sector banks & private banks have been given statutory instruction by Ministry of Finance to offer loan at reasonable cost as per Government of India & Read more
The ink on Sterling and Wilson Solar Ltd’s (SWSL’s) initial public offering (IPO) share allotment certificates isn’t even dry yet and investors are having to grapple with a tweak in the terms and conditions. When the company’s promoters, Shapoorji Pallonji and Co. Pvt. Ltd and Khurshed Y. Daruvala, set out Read more
New Delhi: Solar tariffs in India rose 4% from a record low in Wednesday’s federal auction, in which five companies won rights to build and operate 1.2 gigawatts of projects. Ayana Renewable Power Pvt., ReNew Power Ltd. and Azure Power Global Ltd. won 300 megawatts each, while Mahindra Susten Pvt. scooped Read more