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SunEdison sells 425 Mw of projects for $231 million in India

According to reports, SunEdison, Inc, and TerraForm Global, Inc, a diversified owner and operator of clean energy projects, today announced that they have entered into an agreement under which SunEdison sells TerraForm Global a series of projects located in India for an aggregate equity consideration of $231 million, subject to purchase price adjustments. TerraForm Global, Inc., is emerging markets yieldco vehicle of SunEdison. The projects will generate 425 megawatts of capacity in all. A portion of the purchase price was ... Read More »

Solar power cos’ funding struggle slows transition to green tech

According to reports, Indian solar power developers are struggling to find cheap sources of finance, slowing the process of switching to greener technologies. “There are very limited options for raising debt financing from abroad (for solar power developers in India). Typical sources include multi or bilateral agencies such as IFC, ADB, US Exim, KFW, OPIC and others. But all these agencies have long and costly credit assessment processes and that’s why such financing is usually viable only for large projects ... Read More »

SunEdison to follow asset-sale model for raising capital

According to reports, solar energy services firm, SunEdison, will implement 2,000 MW of solar projects in India over the next two years and continue to explore operational asset-sale option for raising capital, Pashupathy Gopalan, President of Asia-Pacific and Sub-Saharan Africa, said here. “If you take Africa-Asia, India is far more interesting country for solar. In India today, we have visibility of 2 GW solar and wind projects, which as a pipeline for us is phenomenally strong. And, executing over 2GW ... Read More »

Paris climate meet: India-led global solar alliance to counter developed nations

According to reports, to counter the pressure from the developed countries to further cut emissions, India is preparing an alliance of nations that get ample sunshine to form a united front. At the 2015 Paris Climate Conference or COP-21 next week, India will once again reiterate the need for ‘climate justice’. “Our stance for climate justice is very clear. India’s share of global carbon emissions is just 2-2.5 per cent. We are far lower than any of the developed economies. ... Read More »

Push to solar power in Gurgaon with more sops

According to reports, the power discom has introduced a rash of incentives to encourage people to install solar power panels for generating electricity in their homes. Under the initiative, the electricity board will buy the excess power generated by solar power units at homes and adjust it in monthly power bills. Late last year, the Haryana government had made an announcement in which it declared solar power plants mandatory in all commercial and residential properties exceeding a plot area of ... Read More »

‘Generating electricity is important but not at the cost of the marine ecosystem’

According to reports, Gyanesh Chaudhary, MD and CEO of Vikram Solar, which set up the country’s first-ever floating solar plant, on the challenges he faced.  How was Vikram Solar’s floating plant in Rajarhat, Kolkata, conceived?  Vikram Solar commissioned India’s first floating solar plant with an aim to accelerate the adoption of efficient and innovative technologies which can address the issue of land scarcity (for energy generation purpose). The key objective of this project was to explore water bodies, which are ... Read More »

How low solar prices can go

According to reports, solar panel prices will continue to fall. Does that mean that, ceteris paribus, there is scope for a further lowering of solar tariff bids in India? The short answer would be yes. SunEdison, earlier this month, bagged the right to develop 500 megawatts of capacity in Andhra Pradesh by offering to supply power at a record low tariff of Rs 4.63 per unit. Many are sceptical about the project actually getting built at this price. There are ... Read More »

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