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Catching the sun at Bhadla solar park

According to reports, Bhadla, an arid sprawl in Rajasthan spread over 45 sq km, is where over a million glistening silicon panels fuel India’s ambitious plan to generate 1,00,000 MW of solar energy by 2022. The Indian Express visits the plant that is on its way to becoming the country’s biggest solar park. Bhadla is almost unlivable. Located in Rajasthan’s Jodhpur district, its normal temperatures oscillate between 46 and 48 degrees Celsius, while hot winds make even the relatively lower 40 ... Read More »

Tata Sons may put Welspun deal under lens due to concerns over corporate governance

According to reports, Tata Sons is considering a forensic audit of last year’s purchase of Welspun Renewables Energy Pvt for Rs 9,249 crore by Tata Power Ltd because of concerns over corporate governance, allegedly inflated valuations and the unusual swiftness in execution, two persons with direct knowledge of the development told ET. The 2016 acquisition, which made Tata Power one of India’s largest renewable companies with a capacity of 2.3 gigawatts, was a key point of friction between former Tata Sons chairman ... Read More »

Clean energy firm Acme Group appoints banks to raise capital via InvIT

According to reports, Delhi-based renewable energy firm Acme Group has appointed two investment banks as it starts work on a plan to raise money via an infrastructure investment trust (InvIT), according to four people aware of the development. InvITs are trusts that manage income-generating infrastructure assets, offering investors regular yields and a liquid way to invest in infrastructure projects. “Acme has appointed investment banks Citigroup and Axis Capital Ltd to begin work on its InvIT plans. It also plans to ... Read More »

No occupancy certificate without solar power panel in Gurugram

According to reports, two years after making it mandatory for all buildings on plots of 500 square metres or more to install rooftop solar power systems, the state government has issued a notification directing all authorities to appoint nodal officers for strict implementation of the scheme in buildings, including residential ones. According to the new notification, Huda will issue occupancy certificate (OC) for a building on plot size 500 sq m and above only after seeing its certificate of installation ... Read More »

Azure Power Taps IBRD (World Bank) Loan to Scale its Azure Roof Power Platform

Azure Power (NYSE: AZRE), a leading independent solar power producer in India, has been granted INR 678.3 (US$ ~10.5) million of low-cost debt financing through the SBI-World Bank: Grid Connected Rooftop Solar PV Program. The loan is for 15 years with an interest rate of 8.35% per annum, one of the lowest interest rates availed by a solar power developer in the Indian solar sector to date. The loan will be utilized to scale Azure Roof Power, Azure Power’s solar ... Read More »

Rajasthan invites Japanese firms in solar energy sector

According to reports, Rajasthan Chief Minister Vasundhara Raje on Wednesday invited Japanese companies to invest in solar energy sector in the state. In her meeting with a delegation of Japan External Trade Organization (JETRO) here, she said solar energy is the power of the future and Rajasthan is the ideal destination for investment in Solar Energy. “Rajasthan has benefitted from the special relationship between India and Japan. Japan and Rajasthan have been working together for more than a decade and ... 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 »

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