Maharashtra invites bids for 500 MW solar power

To increase the share of renewable energy in its supply mix, Maharashtra has invited bids for 500 megawatt (MW) of solar power. State-run Maharashtra State Electricity Distribution Company (MSEDCL) will sign a 25-year power purchase agreement (PPA) with the lowest bidder participating in the auction. The latest tender follows the state inviting bids for 1,300 MW of […]

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SunSource Energy secures funding from SHV Energy to facilitate growth of its solar assets

Dutch conglomerate and global leader in LPG distribution, SHV Energy has treaded into India’s solar energy space by acquiring a majority stake in Noida based SunSource Energy—a leading provider of distributed energy for commercial and industrial customers in India and South-East Asia.  Though the exact value of the deal is not known, SHV Energy is […]

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Gautam Solar Pvt. Ltd. doubles its manufacturing capacity to 250 MW at Haridwar

Delhi-based Gautam Solar has put on stream additional module manufacturing capacity at its Haridwar facility, taking the total capacity to 250 megawatts (MW), from the existing 120 MW. The company said the expansion policy “aligns very well with the government’s decision to incentivise solar production in the country”. The announcement was made two weeks after […]

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IKEA makes first solar investment in Russia

Ingka Group, the owner of most IKEA stores worldwide, agreed to buy a 49-percent stake in eight solar parks in Russia from Solar Systems LLC, marking its first investment in renewable energy in the country, according to a Reuters report.  The total book value for the eight parks is more than 21 billion roubles ($272.16 million), […]

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Amplus Solar buys rooftop solar assets of Sterlng and Wilson

Gurugram-based Amplus Solar, Asia’s leading distributed energy company providing low carbon energy solutions to industrial and commercial customers, has bought 17 solar rooftop assets of Sterling and Wilson, adding 7.2 megawatt (MW).  A part of the Petronas group of Malaysia, Amplus Solar already has 800 MW plus projects operational in the distributed solar segment and under construction […]

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India to invite bids for solar production-linked Incentive in a couple of weeks

To reduce India’s import dependency, the Union Cabinet approved the Rs 4,500 crore solar production-linked incentive (PLI) scheme to boost the domestic manufacturing capacity. The government is scheduled to invite bids for the PLI scheme for solar module manufacturing in the next two weeks and beneficiaries will be identified in July, a Press Information Bureau […]

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