India’s MNRE directs states to add PV plants near spare substation capacity

India’s Ministry of New and Renewable Energy (MNRE) has sent a letter to states regarding the spare capacities in existing substations to accommodate the rapid additions of solar capacity.

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Sungrow hits 1GW solar inverter shipments to India

Major PV inverter supplier Sungrow has achieved 1GW of solar inverter shipments to India, having entered the market in the early 2010’s.

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Acme Solar bags US$108 million credit line from Piramal

Piramal Finance, a subsidiary of Indian financier Piramal Enterprises, has sanctioned a INR7 billion (US$108 million) line of credit for Acme Solar.

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India’s Goa invites comments on draft solar policy

UPDATED: The Goa Energy Development Agency (GEDA) has invited comments on its ‘Solar Policy-2017’, attempting to move away from the state’s reliance on thermal power from other parts of India.

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India’s tax reform enacted but confusion remains on solar equipment

India’s Goods and Services Tax (GST) Bill was enforced on 1 July bringing in a 5% tax on solar PV modules, but there is still uncertainty around taxes on other solar equipment, according to consultancy firm Bridge to India.

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Indian government claims grid integration of 175GW of renewables is possible

India’s famously weak grids should be able to integrate the planned addition of 175GW of renewable energy by 2022, according to a report released by the central government.

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India’s Rural Electrification Corp to raise US$450 million in Green Bonds

Indian state-run Rural Electrification Corporation (REC) is to raise US$450 million through its first ever 10-year Green Bonds with listing at London and Singapore, according energy minister Piyush Goyal.

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Hanwha and BCG Bang Duong partner on 100MW Vietnam solar project

Vietnam-based infrastructure investment firm BCG Băng Dương and Korea’s Hanwha Group have partnered to develop and build a 100MW solar PV project in Thanh Hoa district, Long An, Vietnam.

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Korea Development Bank raises US$300m in first Green Bond issuance

South Korean government-owned financial institution Korea Development Bank (KDB) has issued its inaugural Green Bonds to raise US$300 million.

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Tamil Nadu issues RfP for 500MW solar power park development

The Tamil Nadu Energy Development Agency (TEDA) has issued a request for proposals (RfP) for the development of another 500MW of solar park in the south Indian state.

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India drops financial package for domestic PV manufacturers

Plans for a major financial package to support India’s domestic PV manufacturers have been cancelled by the Indian government in order to be reshaped for the current state of the industry, according to a source close to the issue.

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