Vector Green Energy, a portfolio company of India Infrastructure Fund-II, managed by IDFC Alternatives, has announced it has closed financing of two solar farms in Telangana.
CETC Renewable Energy Technology Company, an ancillary of the diversified China Electronics Technology Group, has signed a memorandum of understanding with the Andhra Pradesh Economic Development Board to set up a solar photovoltaic cell manufacturing plant in Chittoor district of Andhra Pradesh.
The government is going to set up a $350 million fund for financing solar projects. This announcement was made by Minister of State (Independent Charge) for Power and Renewable Energy, Raj Kumar Singh, during the Future World Energy Summit (WFES) 2018 in Abu Dhabi (UAE) on Wednesday.
Levying of 70 per cent provisional safeguard duty on imported solar panels and modules from China and Malaysia, as recommended by the Directorate-General of Safeguards, will put about 3 gigawatt (GW) of solar projects under implementation and worth over Rs. 12,000 crore at risk, according to Crisil.
Tata Power today said it will convene shareholders’ meeting on February 19 to seek approval for the proposed amalgamation of four group entities with the company.
State-run power equipment maker BHEL on Wednesday said it has won a ₹2,800-crore contract for 660 MW supercritical thermal power project in Maharashtra.
Adani Power on Wednesday said its consolidated loss doubled to ₹1,290.7 crore in the October-December quarter of this fiscal against that of ₹ 667.8 crore in the year-ago quarter.
The Adani Group today said it would invest Rs. 750 crore to double the capacity of the company’s edible oil refinery at Haldia in West Bengal.
Adani Group’s power arm Adani Power has posted a standalone net profit of Rs. 792 crore for the third quarter ended December 2017 against the net loss of Rs. 823 crore in the corresponding quarter a year ago.
The solar power sector continues to drive the addition of renewable energy capacity in the country. Also, rooftop solar capacity is in the verge of crossing the 1GW mark during this fiscal.