Solar Energy

ReneSola quits solar manufacturing, Completes Disposition of Manufacturing and LED Distribution Businesses

“The Buyer beneficially owned, directly or indirectly through SGP and other intermediaries, approximately 57.3% of the total issued and outstanding Shares of  ReneSolar.” ReneSola has announced the completion of the closing of the transactions contemplated by the previously announced share purchase and subscription agreement (the “SPA”) with Xianshou Li, Chairman and Chief Executive Officer of […]

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ADB $500 million funding soon for private sector infrastructure in Asia and Pacific

ADB expects these initial projects will generate about USD 1.4 billion in total financing, including USD 264.5 million from ADB’s own capital and an additional USD 890 million from co-financing partners. Asian Development Bank (ADB) said it is actively processing USD 500 million (about Rs 3,275 crore) as debt and equity funding for private infrastructure […]

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Saudi Arabia opens bid for ‘utility scale’ 300 MW solar project

“Today’s bid opening represents a significant milestone for the National Renewable Energy Programme, and an important step on the way to diversifying Saudi Arabia’s domestic energy mix and building a cutting edge domestic renewable energy sector” Saudi Arabia invited bids today for a “utility-scale” 300-megawatt solar project, a first for the world’s top oil exporter. […]

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Ultimate Sun Systems installs 150 KW rooftop solar power plant in Gurugram

For this rooftop solar project 30 percent subsidy was sanctioned by state nodal agency HAREDA (Haryana Renewable Energy Department Agency. Ultimate Sun Systems Pvt. Ltd. on Tuesday announced that it has successfully completed the installation of a 150KW roof top solar plant at Hewo Apartment -I, Sector 56, Gurugram. For this rooftop solar project 30 […]

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ENACT Systems with Everest Industries Launches Solar Project Management Solution In India

ENACT’s software platform automates sales proposals, design, financing, installation and asset management for commercial and residential solar projects, improving workflow efficiency, reducing cost and helping scale new energy businesses. ENACT Systems, one of the leading enterprise software platform for solar projects in the US market has launched its offering for the Indian solar market. ENACT’s […]

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Azure Power to Expand Electrification of Indian Railways

Azure Roof Power will be used to provide power for 25 years to various Indian Railway facilities across 17 states and union territories. The power will be sold at a tariff range of INR 3.64 – 4.49 (US$ 0.06- 0.07) based on location. Azure Power has announced that it has won an additional 20 MWs […]

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