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India Solar Power

India x Cleantech — August 2020

India x CleanTechWelcome to another issue of our new India x Cleantech series! On a monthly basis, we are pulling news from across clean technology sectors in India into a single, concise summary article about the country

India Set To Propose World Solar Bank & Mobilize $50 Billion In Solar Funding

In its ongoing efforts to strengthen international solar diplomacy, India is set to launch a major funding initiative. India’s Ministry for New and Renewable Energy is likely to propose to the government to set up a World Solar Bank. The bank is likely to help member countries of the International Solar Alliance to access affordable funding for solar power projects

Indian Railways Accelerates Toward A Solar Future With New Tenders

Indian Railways has taken some significant measures over the last few weeks that will cement its place as one of the single largest clean energy users in India. These steps include the issuance of tenders for large-scale solar power projects and the commissioning of a first-of-its-kind project to use solar power for trains’ traction systems.  

Azure Power & SoftBank Planning Asset, Stake Sale In Indian Solar Businesses

Leading Indian renewable energy developers are facing a liquidity crunch due to the COVID 19-induced nationwide lockdown and increased competition from emerging players. The country’s debt-ridden discoms are unable to pay off their dues to the generating companies. This has resulted in sharp increase in the sale of operational assets from various large renewable energy generators in the past few months.