India-based Solar IPP Azure Power Raises $500 Million Through Bond Sales

One of India’s leading solar power project developers – Azure Power – managed to raise $500 million through bond sale to overseas investors. The proceeds from the bond sale will be used to purchase rupee-denominated debentures and loans of subsidiaries… Read moreIndia-based Solar IPP Azure Power Raises $500 Million Through Bond Sales

India Cancels Solar+Storage Auctions Due To High Costs

India’s first attempt to include battery-based storage with utility-scale solar power projects has failed. Solar Energy Corporation of India recently announced that it had to cancel two solar+storage auctions. SECI believed that tariff bids for these projects could not have… Read moreIndia Cancels Solar+Storage Auctions Due To High Costs

India Needs To Do More To Achieve 175 Gigawatts Renewable Energy Target, Says Rating Firm

Delay in payments from utilities, non-compliance with renewable energy procurement targets and non-availability of transmission infrastructure for power injection are some of the major issues Indian renewable energy developers are facing. These must be addressed on an urgent basis if… Read moreIndia Needs To Do More To Achieve 175 Gigawatts Renewable Energy Target, Says Rating Firm

Indian State Asks Solar Developers To Voluntarily Reduce Tariffs Two Years After Auction

15 project developers on the verge of commissioning their utility-scale solar power projects in the Indian state of Uttar Pradesh recently received a shock when the state’s regulator asked them to reduce the tariff for their projects. Competitive auctions held… Read moreIndian State Asks Solar Developers To Voluntarily Reduce Tariffs Two Years After Auction

Too Much Solar Power: Indian State Refuses Power From One Of Country’s Cheapest Solar Projects

Solar power market in India seems to have expanded at such an astounding pace that now states are unwilling to accept more solar power market, such a case has propped up in the state of Andhra Pradesh. According to media… Read moreToo Much Solar Power: Indian State Refuses Power From One Of Country’s Cheapest Solar Projects