Tags: Solar Industry

Solar tariffs in India stabilised 30 percent below the cost of thermal power

The current tariffs in the Indian solar sector, hovering at Rs 2.50-2.87 per kWh, have stabilised at rates 20 to 30 per cent below the cost of existing thermal power in India, and up to half the price of new coal-fired power, a new study said on Friday. It concludes that the lucrative prices provide […]

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India to add just 5000 MW solar capacity in 2020: Mercom

A recent report from Mercom India notes that -with project timelines getting extended due to the COVID-19 pandemic, India is expected to add only 5,000 MW of solar capacity in 2020, nearly 32 per cent lower than last year. India added 1,080 MW solar capacity in the first quarter of 2020, which is the lowest […]

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Sterling & Wilson wins over Rs. 3000 cr solar EPC order in Australia

Sterling & Wilson Solar (SWSL) won its largest EPC contract from Australia worth over AUD 615 million (over Rs 3,000 crore), including an AUD 85 million worth of operation and maintenance contract for 20 years. For the Shapoorji Pallonji Group and Khurshed Daruvala family promoted company, this award comes within 15 months of its entry […]

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Solar Industry in a Post Pandemic World

COVID-19 is acceleratingly affecting nations across the globe, and bringing daily life and economies to a standstill. The biggest concern of the novel coronavirus outbreak is the uncertainty it holds. Solar, like most other industries is facing its own share of challenges today, and is struggling to meet its target of 100 gigawatt (GW) installed […]

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Adani Green Energy Posts Rs 55 crore net profit in Q4

Adani Green Energy on Monday posted a consolidated net profit of Rs 55.64 crore for the March 2020 quarter, helped by lower expenses. The clean energy firm had logged a consolidated net loss of Rs 94.08 crore in the corresponding quarter a year ago, a company statement said. Its total income stood at Rs 718.66 […]

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COVID-19 outbreak had limited effect on Canadian Solar’s Chinese PV manufacturing: GlobalData

Canadian Solar recently stated that it had experienced limited impact of the COVID-19 outbreak on its production facilities in China. Although the company faced severe disruptions from January-mid by way of capacity loss amidst the COVID-19 carnage, it did not have a large impact on the production facilities, says GlobalData, a leading data and analytics […]

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India added 7.3GW of solar power across the country in 2019: Report

According to a recent report India installed 7.3 gigawatt (GW) of solar power across the country in 2019 (CY19), consolidating its position as the third-largest solar market in the world. India also had a robust pipeline of utility-scale under-development projects of 23.7 GW capacity by the end of CY19, with 31.5 GW capacity tenders pending […]

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IBC SOLAR, 7C Solarparken AG strengthen partnership

IBC SOLAR AG and 7C Solarparken, a listed solar power are strengthening their excellent cooperation that has been existing for years. 7C Solarparken AG has acquired another open-space solar park developed, planned and built by IBC SOLAR AG with a total nominal output of 10 MWp at the Oberwesterwaldbahn site in Hesse, Germany (Dornburg and […]

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Nautilus Solar Energy Closes Debt Financing with NBC and RBC

Nautilus Solar Energy has closed a $90 million debt financing agreement led by National Bank of Canada “NBC” and including Royal Bank of Canada (“RBC”) as lender.  The financing consists of a $75 million revolving construction facility and a $15 million letter of credit facility. The proceeds provide Nautilus with competitive capital for its well- […]

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