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6 MW Rooftop Solar Panels to Power Metro Stations and Maintain Trains in Chennai

Chennai metro stations will soon go green. Rooftop solar panels will be used to run facilities at the stations as well as for maintenance of trains. Chennai Metro Rail Ltd. has signed a contract with a private company to install 6 MW Rooftop Solar Panels in its all metro stations. The metro’s Koyambedu building already […]

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Azure Power Taps IBRD (World Bank) Loan to Scale its solar rooftop platform

The loan is for 15 years with an interest rate of 8.35% per annum, one of the lowest interest rates availed by a solar power developer in the Indian solar sector to date. The loan will be utilized to scale Azure Roof Power, Azure Power’s solar rooftop platform. Azure Power, an independent solar power producer […]

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Developers Expect Solar Power Tariff to Fall at Rs 1.5 Per Unit

Solar power tariff came down to all-time low of Rs 2.44 per unit in the auction conducted for Bhadla solar park last month, and now the developers expect it to fall as low as Rs 1.5 per unit. Solar power developers are bullish on clean energy and hopeful about tariff coming down to as low […]

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SBI to Finance Rs 400 crore for 100 MW of Rooftop Solar Power Projects

With the World Bank-funded capacity development program, the SBI aims to expand and incentivize the market for rooftop solar power projects by way of low cost financing. The State Bank of India has announced its decision to finance 100 MW Solar Power Project worth Rs 400 crore. To this regard, the SBI has secured a […]

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ADB and PNB sign $100 million loan to finance Solar Rooftop projects

PNB will use the ADB funds to make further loans to various developers and end users to install rooftop solar systems. The Asian Development Bank (ADB) and the Punjab National Bank (PNB) recently signed a $100 million loan to finance large solar rooftop systems on industrial and commercial buildings throughout India. The loan will be […]

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