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Ezon Energy Forms a Joint Venture with Arcor to Develop 1GW Solar Power Project in India

The joint venture is expected to see $1 billion (~Rs.65 billion) invested in solar power project, though the ratio is confidential. However, the equity holding will depend upon the project and capability to infuse equity in each project on a standalone basis. Coimbatore-based startup Ezon Energy Solutions has formed a strategic joint venture for Indian […]

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India Expects To Add Almost 10 GW of Solar Power Capacity in 2017

Mercom Capital Group expects over 9,000 megawatts of utility-scale and almost 800 megawatts of rooftop solar power capacity to be added in 2017. The Indian solar power market is expected to see another record capacity addition this year as several large-scale power projects are lined up for commissioning. According to India-based consultancy Mercom Capital Group, […]

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Azure Power and Hareon Solar Forms Joint Venture to Develop 118 Mw Solar Power Project in Telangana

Hareon Power Singapore Limited, the Singapore subsidiary of Hareon Solar will be collobarating with Azure Power to develop 118 MW solar power project in Telangana. Hareon Solar Technology Co., Ltd. will be partnering with Azure Power Global Limited to develop a 118 MW solar power project in India. Hareon will be investing through its Singapore […]

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Record Capacity Addition of Wind Power of 5400 MW in Last Fiscal

Ministry of New and Renewable Energy (MNRE) has set another record in the wind power capacity addition by adding over 5400 MW in 2016-17 against the target of 4000 MW.  This year’s achievement surpassed the previous higher capacity addition of 3.423 MW achieved in the previous year. The leading States in the wind power capacity […]

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Fortum Plans to Commission 250 MW Solar Power Capacity Every Year

Fortum has announced that the company will be adding at least 250 MW solar capacity in India every year. Finnish firm Fortum has commissioned a 70MW solar PV plant in Rajasthan, which it won last year at what was then a record low tariff of INR4.34/kWh, is now eyeing to set up at least 250 […]

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Hartek bags 1,025 MW solar grid EPC orders in FY17

Hartek Power will provide complete turnkey solutions for these projects and execute post-inverter works covering the design, engineering, supply, installation, automation and commissioning of the power plant electrification Chandigarh based Hartek Power has announced that its solar grid EPC order size increased by 733 per cent to 1,025 MW in 2016-17, compared to 123 MW […]

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Cleanmax Solar to Set Up 300 MW Solar Power Capacity This Fiscal

CleanMax plans to set up nearly 300 MW of solar capacity in the country in FY 2017-18. Energy solutions provider CleanMax Solar plans to set up nearly 300 MW of solar capacity, including 100 MW of rooftop installation, this fiscal and will invest around Rs 1,500 crore for the same. Company’s Co-founder Andrew Hines said, […]

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India’s Solar Energy Capacity Grows by Record 5525 MW

The latest figures provided by MNRE shows that India has gained a tremendous growth in solar energy capacity by a record 5525.98 MW. According to the latest figures provided by the ministry of new and renewable energy (MNRE), the FY 2016-17 saw India’s solar energy capacity grow by a record 5525.98 MW, while India had […]

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