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Discoms delaying payment: Tata Power Renewable Energy CEO Rahul Shah

According to reports, The government may be pushing for aggressive expansion in renewable energy capacity, but companies face delays in payments, which are sometimes as much as a year, from state-run power distribution companies, said Rahul Shah, chief executive officer and executive director of Tata Power Renewable Energy. The renewable energy arm of Tata group’s power utility Tata Power Company, which runs over 2,000 mw of renewable energy capacity and has another 500 mw under construction, is bullish on the sector and ... Read More »

Renewable energy company Equis looking to exit Indian market

According to reports, Singapore-based renewable energy developer Equis Energy wants to sell its entire India portfolio, comprising green energy platforms Energon and Energon Soleq, two people aware of the development said. The sell-off plan, an indication of growing consolidation in India’s green energy sector, is part of Equis Energy’s strategic review of its Asian renewable energy portfolio. “Equis Fund has put up Energon and Energon Soleq for sale. It is seeing a lot of interest. The exercise is underway as part ... Read More »

Azure Power Commissions 100 MW NTPC Solar Project in Andhra Pradesh

Azure Power (NYSE: AZRE), a leading independent solar power producer in India, has announced that it has commissioned a 100-megawatt (MW) solar power plant in Andhra Pradesh. The project was auctioned by NTPC, which has a AAA debt rating and is the Government of India’s largest power utility. The solar plant has been set up at Kurnool Ultra Mega Solar Park with a total capacity of 1,000 MWs. The solar park is being developed by Solar Park Implementation Agency (SPIA) ... Read More »

Inox Wind gets ‘AA-’ rating for long-term bank facilities

According to reports, wind energy solutions provider Inox Wind on Wednesday said that rating agency Crisil has reaffirmed the ‘AA-’ rating for its long-term bank facilities. The rating agency has also reaffirmed ‘A1+’ rating for the company’s short-term bank loan facilities, it said in a BSE filing. “AA rating for long-term instruments is the second highest rating accorded by Crisil for long-term facilities and reflects high degree of safety regarding timely servicing of financial obligations and very low credit risk,” ... Read More »

India’s renewable energy capacity crosses 57 GW

According to reports, India is staying true to its ambitious renewable energy targets by showing a steady growth in renewable energy installations in India, which as of April 2017 account for 17.5 percent of the total energy source. The latest data, which is provided by the Ministry of New and Renewable Energy (MNRE), has been analyzed by Mercom Capital Group. India’s overall installed capacity has reached 329.4 GW, with renewables accounting for 57.472 GW. The figures show a significant rise ... Read More »

Vikram Solar scales up manufacturing capacity to 1GW

According to reports, solar power solutions provider Vikram Solar has announced it has achieved 1 GW (1000 MW) of manufacturing capacity and outlined its vision to take it up to 2 GW by 2020. The company, which provides end-to-end solar photovoltaic solutions, sees this as a major contributor towards the 100 GW target set by the Government by 2022. With a capacity of 1 GW, Vikram Solar believes it is well equipped to cater not only to the Indian needs ... Read More »

With 50 Mw plant in UP, Adani Group’s solar capacity rises to 838 Mw

According to reports, infrastructure conglomerate Adani Group on Tuesday announced commissioning of a 50 megawatts (Mw) solar photovoltaic (PV) plant in Mahoba, Uttar Pradesh, with an investment of Rs 315 crore, under the National Solar Mission Scheme. In a first, the plant will use String Inverter Technology with crystalline silicon modules allowing miniature level control of solar power generation. Power generated by the plant will be transmitted through 21.5 kilometre (km) 132 kilovolts (Kv) transmission line connecting with UP Power ... Read More »

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