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    Solar tariffs: Foreign firms emerge lowest bidders

    According to reports, one of the winning bidders for Bhadla solar power park in Rajasthan is South Africa’s Phelan Energy Group. The Rs2.62 per kilowatt-hour (kWh) bid by the Cape Town-headquartered firm is representative of a trend in India’s solar energy space wherein overseas firms have led the race to the bottom for tariffs to secure contracts. Also SBG Cleantech, a joint venture between Japan’s SoftBank Group Corp., India’s Bharti Enterprises Ltd and Taiwan-based Foxconn Technology Group placed a winning ... Read More »

    TN ranks low in ease of doing solar business

    According to reports, despite being a fast-growing solar state, Tamil Nadu ranks poorly in terms of ease of business when it comes to solar projects among top ten states, according to Bridge to India. “We asked the industry to rate the top 10 States on ease of doing business in the sector. Madhya Pradesh, Andhra Pradesh and Gujarat are the top three States, while Uttar Pradesh, Maharashtra and Tamil Nadu have come at the bottom,” the solar consultancy firm said. ... Read More »

    Rational exuberance is in the air

    According to reports, one event changed it all. Until around mid 2016, the Indian wind power industry, which comprises wind turbine manufacturers and their customers, was mumbling and moaning about the future. Industry representatives were generally incorrigible whiners and they spoke endlessly of uncertainties in demand, vanishing subsidies, difficulties in land purchase and regulatory hurdles. The Indian market for wind turbines used to be around 2,500 MW, and a year that saw the 3,000 MW mark breached was considered a ... Read More »

    IFC-JICA to co-finance $1.5 billion in emerging market projects

    According to reports, “IFC, a member of the World Bank Group, and the Japan International Cooperation Agency (JICA) are planning to co-finance up to $1.5 billion in high-impact private sector projects over the next five years under a partnership that aims to modernize infrastructure and expand access to basic services for under-served communities in emerging markets,” IFC said in a statement on Monday. This comes against the backdrop of India implementing its ambitious infrastructure development programmes in sectors such as ... Read More »

    ReNew Power’s Sumant Sinha raises $100m from Piramal unit ahead of IPO

    According to reports, Sumant Sinha, founder of Goldman Sachs-backed green energy producer ReNew Power Ventures Pvt. Ltd, has raised around $100 million in structured credit from Piramal Capital’s structured financing group (SFG) to raise his stake in the company ahead of a proposed initial public offering (IPO), two people aware of the development said. The fund raising was necessitated by Sinha’s low stake in the company, which could force private equity investors to lock in part of their shareholding as ... Read More »

    Bhadla solar park receives a base price bid of Rs3.01 per unit

    According to reports, India’s solar power tariffs are set to fall below Rs3 per unit at Bhadla in Rajasthan. State-run Solar Energy Corp. of India (SECI), which is running the bid process for 750 megawatt (MW) of solar power capacity at two parks, has received price bids for the 250 MW Adani Renewable Energy Park Rajasthan Ltd, with the reserve price set at Rs3.01 a unit. “We have achieved a base price of Rs3.01 per unit before the reverse auction. ... Read More »

    Japan’s Orix Corp partners with Sun Group for solar business in India

    Sun Group, a leading principal investor in emerging markets, has formed a joint venture partnership for its distributed generation (DG) focused solar business, Sun Renewables, with Orix Corporation, one of the largest Japanese financial services groups and the largest solar developer in Japan. The partnership brings together the synergistic strengths of Sun and Orix to position Sun Renewables as a leading player in DG solar in the country with a clear focus on providing commercial and industrial (C&I) clients with ... Read More »

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