New Delhi, India, 22 May, 2018 − Less than a year after rolling out its partner program in India, REC Group, the leading European brand for solar photovoltaic (PV) panels, this month completed the first wave of training for rooftop solar installers for close to 100 companies nationwide. Active in many countries worldwide, the hugely popular REC Solar Professional Program promotes and rewards long-term alliances between REC and the EPC companies which install the solar systems, ensuring excellence along the downstream value chain.New Delhi, India, 22 May, 2018 − Less than a year after rolling out its partner program in India, REC Group, the leading European brand for solar photovoltaic (PV) panels, this month completed the first wave of training for rooftop solar installers for close to 100 companies nationwide. Active in many countries worldwide, the hugely popular REC Solar Professional Program promotes and rewards long-term alliances between REC and the EPC companies which install the solar systems, ensuring excellence along the downstream value chain.


The REC Solar Professional Program is one of two platforms of support for the company’s partners in India and around the world. The REC Global Partner Program provides distributors with a range of services, tools and benefits to grow business profitably with REC products. The REC Solar Professional Program offers installers a unique package of training, skill-building and certification to ensure global best practice in system installation. Alongside India, the successful channel programs are in operation in several countries in the APAC region, including Indonesia, Thailand, Australia and, the latest addition, Taiwan.


Training and certification under the REC Solar Professional Program, which wraps up in India this month, was held in six cities across the country: New Delhi, Jaipur, Bangalore, Chennai, Mumbai and Pune. 156 solar professionals from 95 companies are the program’s first graduates in India, gaining expertise on the technical and commercial aspects of rooftop solar installations, aligning them to the global best practices of rooftop solar. The freshly-certified installers are eligible for a range of benefits, including an extended product warranty and a range of sales and marketing tools to promote their own business.


These results were achieved in a remarkably short time. It was only last September that REC launched its channel programs in India and designated the country’s first Platinum Partner, Redington, provided a strong platform to help secure solar installers and system integrators for installations with REC’s award-winning solar panels.


Feedback from training participants in India has been consistently positive, with many applauding REC for its commitment to engaging directly with installers. Rohit Kumar, Head of Indian Subcontinent at REC Group, outlines why the program is such a success: “The REC Solar Professional Program is unique as it works on two levels: it forges a direct connection between the small installers and REC as the manufacturer, and it also gets everyone on the same platform, connecting the end consumer, installer and manufacturer with one another. It’s also unique in that it provides a structured approach to rooftop installations. This is becoming crucial in India, as there are many skill gaps since it is a relatively new segment.”


To date, more than 1300 installers have come through REC’s Solar Professional Program worldwide, with numbers set to surge in 2018: training and certification for a further 300 installers is planned. The focus on training solar professionals in India reflects the country’s importance for REC. Shipment volumes have surged upwards in this rapidly expanding market, with REC recording year-on-year shipment growth in excess of 120% to year end 2017. As stated in the REC’s Q4 2017 Solar Market Insight report, cumulative shipments to India totalled over 260 MW to the end of 2017, making REC the largest European player in the market.


RSA delegation led by Shri Sunil Bansal, General Secretary met Mr. Devendra Bhushan Gupta, Hon'ble Chief Secretary-Government of Rajasthan today to discuss critical issues of solar sector. The delegation included leading industry stakeholders from Hindustan Zinc Ltd, Fortum India, Diwakar Solar, Ohms Energy, Shri Shakti Alternative Energy, Malpani Group, and Tecso projects, Rays Power Infra, Rays Power Expert and Sungrow. The delegation congratulated Shri Gupta on his new appointment. RSA delegation explained the burning issues faced by Solar Power Industry in State. Some of the significant issues are: Open Access,Renewable Energy Certificates, and Clarity on status of GST in state. 


Open Access: Some of the issues from industry are: Electricity Duty: - It should be waived for 5 years or lifetime of project. Further Banking Facility should be provided & Cross Subsidy Charges for purchase of RE Power should also be waived for 5 years or life time-25 years. Transmission & Wheeling Charges and losses for captive & Bilateral Sale & purchase of RE Power should also be waived for 5 years or lifetime of project. Intra State Transmission Charges should also be applicable on actual PLF of the renewable projects. Clarity on Additional Surcharge should also be provided. Water Cess is not justified and also should be removed.

 


Renewable Energy Certificate (REC): RERC order to leave on State Govt to renew PPA for REC Projects beyond March 2019 was also highlighted. Big question for solar Renewable Energy Certificate (REC)investors is as they have invested Crore of rupees in state and currently No Solar REC certificates are traded since past one year or so and furthermore, there is no light of relief in near future. Discoms giving indication to sign PPA's at lowest discovered solar tariff which is decreasing every year. Clear Policy mandate from Govt of Rajasthan to sign PPA atleast at last discovered APPC of 2019 i.e. more than 3.7 (APPC for 2018) was requested. 


Clarity on GST / Tax applicable: -This is common problem with solar power related companies as tax authorities claim that only solar module is VAT exempted (earlier) / now GST 5% applicable. But in fact all PV solar energy systems and solar energy equipment is in purview of GST 5% applicable slot. RSA requested to issue necessary directions to commercial taxes department to specifically implement above. 
Chief Secretary attentively heard the grievances of Solar Power Stakeholders and assured to solve the possible issues and do his level best towards bring Rajasthan on top of national solar map.


RSA thanks again Chief Secretary for his valuable time and efforts.

 Sunil Bansal General Secretary

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  • RR to L: Dhaval Radia (Global Business Leader) and Divya Arya (Marketing Leader, Asia) receiving the Economic Times Most Promising Brand 2018 Award on behalf of team Greenlight Planet
Greenlight Planet has been recognised by Economic Times as the “Most Promising brand 2018” at a ceremony held on Friday, the 23rd of March 2018. The Promising Brands platform was an endeavour by the Economic Times to recognize brands, which have stood firm in the winds of globalization and have truly become a part of popular culture and day to day lives.
 
With 1.3 billion individuals across the globe and 31 million households in India still living without electricity, Greenlight Planet’s solutions provide a powerful mechanism for large-scale, sustainable impact. This award is the result of 9 years of continuous innovation in Greenlight Planet’s product portfolio and unique distribution models that have led to it emerging as a global market leader in the off-grid sector. The company has sold more than eight million of its high-quality Sun KingTM solar range of portable lamps, home systems, fans, radios and televisions benefitting more than 30 million individuals across 65+ countries in Asia, Africa, and Latin America. In India alone, more than 2 million rural homes have replaced unsafe and expensive fuel based sources of light with bright, cost-effective, and environment friendly Sun KingTM solar powered systems. These products have led to significant social and economic benefits including dramatic improvements in study-time for children, productivity of small business owners and household savings for families.
 
Receiving the award, Dhaval Radia, Global Business Leader said, “We are grateful and humbled to receive this recognition from The Economic Times. It is a testament to the hard work & impact created by all of our immensely talented teams, globally. We will continue to set a benchmark for the accessibility and proliferation of decentralised renewable energy to the people who need it the most. Having nearly doubled the revenues during FY17-18, we are currently the only company in the sector to have demonstrated consistent profitability over the last three years, establishing that our business models are sustainable and scalable. Our fundamentals are firmly in place, and encouraged by the positive measures undertaken by the government in the solar sector. Greenlight Planet is poised to enter a new growth trajectory."
 
To enable the most cash-constrained households to afford Sun King solutions, Greenlight Planet’s newest offering EasyBuyTM is a payment solution that enables unbanked customers to buy Sun KingTM products on an installment plan. With innovative products and services in the pipeline, the company hopes to further increase its distribution presence through strategic partnerships with financial institutions, governmental organizations, NGOs and companies with rural distribution networks.
 
The company most recently won the coveted Rural Marketing Association of India award for ‘Best Sales Promotion campaign of the Year’.

About Greenlight Planet
 
Greenlight Planet has sold over 8 million Sun King solar home energy products to off-grid households around the world. Greenlight Planet reaches remote, off-grid customers through a unique business model involving a vast network of micro entrepreneurs, more than 600 global strategic distribution partners, and its proprietary EasyBuy (“pay-as-you-go”) installment payment technology that makes safe, high-quality solar energy products affordable for all. Winners of 2016 Ashden Awards, Greenlight Planet is currently present in 65+ countries and serves over 30 million consumers. Find out more at https://www.greenlightplanet.com

Read more: Greenlight Planet Wins the Economic Times Most...

Micro & Small Enterprises Vendor Meet at NTPC

05th Apr, 2018

Micro & Small Enterprises (MSEs) Vendor Meet was organised by Corporate Contracts & Materials on 4th April 2018 for an interaction with MSE vendors to understand their concerns and to increase their participation in business with NTPC.

During the meet Shri Gurdeep Singh, CMD unveiled a Mobile App to help vendors track their payments. In his address, CMD emphasized the need for speedy payments to vendors and development of an online system for faster award of purchase orders.

Presentations were made about features of the Vendor Portal and Enlistment Policy of NTPC on the occasion. Queries of Vendors regarding payment and enlistment issues were also addressed. About 50 Small and Micro Enterprises were represented in this meet.

NTPC intends to organise such meets regularly Pan India basis to strengthen contribution of MSE’s in NTPC growth story.


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Read more: Micro & Small Enterprises Vendor Meet at NTPC

Designed as 5-10 KWp plug-and-play kits, these rooftop systems can be installed in a matter of hours

Designed as 5-10 KWp plug-and-play kits, these rooftop systems can be installed in a matter of hours

Hartek Solar targets rooftops of kanal houses, housing societies, nursing homes, small commercial establishments, hotels in Tricity as well as MSMEs in industrial clusters in Ludhiana, Dera Bassi, Baddi and Mandi Gobindgarh

Read more: Hartek Solar launches customised rooftop solar...

I Squared Capital, an independent global infrastructure investment manager, has signed an agreement through its ISQ Global Infrastructure Fund II, to acquire a 100 percent interest in TIP Trailer Services, a leading pan-European and Canadian trailer leasing and services company, from HNA Group (International) Company Limited.

 

Headquartered in Amsterdam and operating in 17 countries, TIP is one of the leading companies in its field in markets across Europe including Germany, the UK, Italy, France, Spain and the Benelux countries, as well as in Canada. It has a fleet of over 66,000 trailers and 86 trailer service centers serving approximately 7,700 customers, including numerous global logistics operators and retailers.

 

“Our investment in TIP is the result of a detailed review of global transportation opportunities that provide essential links while benefiting from macro-economic tailwinds,” said Adil Rahmathulla, Partner of I Squared Capital. “With strong market positions across Europe and a sizeable business in North America, TIP’s global reach is an excellent fit for I Squared Capital. We look forward to working with TIP’s seasoned executive management team and roster of world-class logistics and retail customers to continually deliver essential services and position the business to drive growth across Europe, North America and beyond.”

 

“This is the start of an exciting new chapter for TIP and we believe that as an infrastructure investor that knows our sector well, I Squared Capital will be a strong long-term partner for us,” said Bob Fast, CEO of TIP. “Our business is well-positioned for growth in the transportation equipment leasing and maintenance services sector in Europe and North America, and we are glad to have a partner with the capital to invest in our fleet and enable us to deliver even better service to our valued customers.”

 

I Squared Capital is a global infrastructure investor with over $12 billion of assets under management and focusing on energy, utilities, telecom and transport. Select portfolio companies include the Viridian Group, a leading integrated Irish utility with conventional generation, renewable generation, and supply; Grupo T-Solar, one of largest solar platforms in Spain with 392 megawatts of photovoltaic and concentrated solar power generation capacity; and American Intermodal Management, a transportation platform leasing new marine chassis with GPS technology to retailers, logistics companies and shipping lines in the U.S. intermodal supply chain.

 

Linklaters is legal advisor to I Squared Capital. EH Global Capital is the financial advisor to HNA, and CMS is HNA’s legal advisor.

 

About I Squared Capital

 

I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, telecommunications and transport in the Americas, Europe, and Asia. The Firm has offices in New York, Houston, London, New Delhi, Hong Kong and Singapore.

 

About TIP Trailer Services

 

TIP Trailer Services is one of Europe and Canada’s leading equipment service providers. TIP Trailer services specializes in trailer leasing, rental, maintenance and repair, as well as other value-added services and provide these to transportation and logistics customers across Europe and Canada. Headquartered in Amsterdam, TIP services their customers from 86 locations spread over 17 countries.

 

 

 

 

 

 
Read more: I Squared Capital to Acquire Leading...

Migné-Auxances, France, 17th May, 2018,Migné-Auxances, France, 17th May, 2018,After the first ground mounted solar project of 5 MW AC commissioned in March 2017 in the state of Uttarakhand, India, the Technique Solaire group continues its international growth by winning their second project in the state of Maharashtra, India. The construction of this solar photovoltaic power plant of a total capacity of 20 MW AC will take place in 2019.

This new success marks a new step into Technique Solaire’s development in India.With an objective of 100 GW to be installed by 2022 and the creation of the International Solar Alliance (ISA) in partnership with France, the Indian government makes solar energy development a priority. Despite a very strong competitive environment for solar sector in India, this win indicates Technique Solaire’s ability to realize large-scale projects.

With the projects won during the last tenders in France of the Commission de Régulation de l’Energie (CRE), the group now has a “pipeline” of 90 MWp solar photovoltaic projects to be built within the next 20 months. In addition, the group will launch the construction of its first Biogas injection plant in the second semester of 2018.

In parallel, Technique Solaire continues to study new opportunities for the group in one or two other countries.

Albioma Solar Réunion carried out the refinancing of the portfolio of photovoltaic projects in the Indian Ocean and established credit facilities to finance the Group’s new projects in the same area for the next 18 months.

The financing, amounting to nearly €110 million, will enable the Albioma Group to optimise the financing of its existing projects and to extend the maturity of the current debt while securing the future financing of projects won under recent invitations to tender launched by the French Energy Regulatory Commission or under feed-in tariffs.

Read more: ALBIOMA : signature of a €110 million financing...

At One Mega Event 2018, find out how mobile and futuristic technologies, and intelligent mobility in smart cities can tackle gender-based harassment and violence in public spaces. The expo will be held at Pragati Maidan, New Delhi from 23-25 May 2018.

Since women and girls are subject to the threat of sexual harassment and violence worldwide, this May, One Mega Event 2018 will host a special session titled, Metropolitan strategies to achieve Safe Cities for women and girls: The NUA and SDG as a real opportunity at Pragati Maidan, New Delhi.

Read more: One Mega Event 2018 to deliver women and girls...

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  • AzureAzure Power Solar Plant
Azure Power (NYSE: AZRE), a leading independent solar power producer in India, announced that its portfolio has crossed the 2 GW milestone by winning four 50 MW projects for a cumulative capacity of 200 MWs in the state of Maharashtra. The solar power project was auctioned by Maharashtra State Power Generation Co. Ltd. (Mahagenco), the second highest generation company in India, which is owned by the Government of Maharashtra. Azure Power will sign a 25 year Power Purchase Agreement (PPA) with Mahagenco at a tariff of INR 3.07 (~US 4.7 cents) per kWh. The project will be developed outside a solar park and is expected to be commissioned in 2019. These 200 MWs won are in addition to the recently 130 MWs won with Maharashtra State Electricity Distribution Company Limited (MSEDCL) in Maharashtra, bringing Azure Power’s total portfolio to 337 MWs, making the company one of the largest solar power suppliers to the state.
 
Commenting on the occasion, Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer, Azure Power said, “We started with the vision of providing affordable solar power for generations and the mission to be the lowest cost power producer in the world. Through our collective efforts and support from our stakeholders, we have achieved this important milestone of crossing a 2 GW portfolio through large scale, mini/micro grid and rooftop solutions across the entire country. This achievement is a testament to our strong project development, engineering, and execution capabilities. We are delighted to make this contribution towards the realization of our Hon’ble Prime Minister’s commitment towards clean and green energy, through solar power generation.”
 
Azure Power was founded by Inderpreet Wadhwa in 2008 with a vision of providing affordable solar power in an efficient, sustainable and socially responsible manner. Azure Power has rapidly grown to become one of the largest solar power developers in the India. The company started its journey over ten years ago by developing India’s first private utility scale solar plant, a 2 MW plant in Awan Punjab. Over the last decade, the company has witnessed tremendous growth and has installed over 1,000 MWs of solar capacity, with a footprint across 23 states in India. Approximately 80% of Azure Power’s projects are with counterparties with domestic debt ratings that are A or higher and the company is backed by several marquee investors such as Caisse de dépôt et placement du Québec (CDPQ), International Finance Corporation (IFC), HelionVenture Partners, Foundation Capital, Société de Promotion et de Participation pour la Coopération Économique (PROPARCO), Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) and Netherlands Development Finance Company (FMO).

About Azure Power

Azure Power (NYSE: AZRE) is a leading independent solar power with a pan-Indian portfolio. With its in-house engineering, procurement and construction expertise and advanced in-house operations and maintenance capability, Azure Power provides low-cost and reliable solar power solutions to customers throughout India. It has developed, constructed and operated solar projects of varying sizes, from utility scale, rooftop to mini & micro grids, since its inception in 2008. Highlights include the construction of India’s first private utility scale solar PV power plant in 2009 and the implementation of the first MW scale rooftop project under the smart city initiative in 2013.
 
For more information, visit: www.azurepower.com.
 
Forward Looking Statements
 
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s future financial and operating guidance, operational and financial results such as estimates of nominal contracted payments remaining and portfolio run rate, and the assumptions related to the calculation of the foregoing metrics. The risks and uncertainties that could cause the Company’s results to differ materially from those expressed or implied by such forward-looking statements include: the availability of additional financing on acceptable terms; changes in the commercial and retail prices of traditional utility generated electricity; changes in tariffs at which long term PPAs are entered into; changes in policies and regulations including net metering and interconnection limits or caps; the availability of rebates, tax credits and other incentives; the availability of solar panels and other raw materials; its limited operating history, particularly as a new public company; its ability to attract and retain its relationships with third parties, including its solar partners; its ability to meet the covenants in its debt facilities; meteorological conditions and such other risks identified in the registration statements and reports that the Company has filed with the U.S. Securities and Exchange Commission, or SEC, from time to time. In the press release, portfolio and the project represent megawatts capacity of solar power plants pursuant to PPAs, signed or allotted or where the Company has been cleared as one of the winning bidders or won a reverse auction but has yet to receive a letter of allotment. All forward-looking statements in this press release are based on information available to us as of the date hereof, and the Company assumes no obligation to update these forward-looking statements.

Read more: Azure Power Marks New Milestone with the...

MoU between Govt. of Bihar and NTPC Limited of Bihar

15th May, 2018

A Memorandum of Understanding (MoU) was entered amongst Govt. of Bihar (GoB), Bihar State Power Holding Co. Ltd. (BSPHCL), Bihar State Power Generation Co. Ltd (BSPGCL), North Bihar Power Distribution Company Ltd.(NBPDCL), South Bihar Power Distribution Company Ltd.(SBPDCL), Bihar State Power Transmission Company Limited (BSPTCL) and NTPC Limited on 15th May 2018 at Patna for Performance improvement of Power Sector in the State of Bihar. The MoU was entered in the august presence of Shri Nitish Kumar, Chief Minister of Bihar, Shri R. K. Singh, Minister of State (Independent Charge) for Power and New & Renewable Energy, Govt. of India and Shri Bijendra Prasad Yadav, Energy Minister, Govt. of Bihar, Shri Pratyaya Amrit, Principal Secretary, Department of Energy, Govt. of Bihar, Shri Gurdeep Singh, CMD, NTPC Limited, Shri Anand Kumar Gupta, Director (Commercial), NTPC, Shri R. Lakshmanan, Managing Director, BSPGCL and other dignitaries.

The MoU envisages transfer of Barauni Thermal Power Station (720 MW) and transfer of Bihar State Power Generation Company’s (BSPGCL) equity in Kanti Bijlee Utpadan Nigam Limited (KBUN) & Nabinagar Power Generating Company (Pvt.) Limited (NPGC) to NTPC.

NTPC, a Maharatna Company under Ministry of Power, Govt. of India is the largest power generating company of India with a total installed capacity of 53651 MW (including JVs) from coal, gas, hydro, solar and wind power projects. NTPC is on an accelerated growth trajectory to meet this long-term targets and currently has 21,071 MW capacity under construction. Company has two operational coal mines. NTPC in the past has demonstrated strong capability in turning around under-performing state owned power stations.

Barauni Thermal Power Station (720 MW) which is located at Begusarai district in Bihar. The Plant comprise of Stage-I (2x110 MW) (under advance stages of R&M) and Stage-II (2x250 MW) (under construction).

NTPC with its expertise in construction of power projects and contract management capabilities is expected to complete the balance works and achieve sustained commercial operation of units in a time bound manner.

Nabinagar Power Generating Company (Pvt) Limited is a 50:50 Joint Venture Company of NTPC Limited and Bihar State Power Generation Company Limited (BSPGCL). The Company is developing a 1980 MW (3x660 MW) Nabinagar Super Thermal Power Project in district Aurangabad, Bihar. The project is currently under-construction.

Kanti Bijli Utpadan Nigam Limited (KBUNL) is a subsidiary company of NTPC Limited in Joint Venture with Bihar State Power Generation Company Limited (BSPGCL). Currently NTPC and BSPGCL owns 72.64%and 27.36% equity holding in KBUNL respectively. KBUNL owns and operates Muzaffarpur Thermal Power Station (MTPS) (2x110 MW+ 2x195 MW) situated at Kanti, District Muzaffarpur in the State of Bihar. Plant is under operation.

All the three power generation facilities are envisaged to be transferred to NTPC from the effective date to be notified by Govt. of Bihar through a Statutory Transfer Scheme. The transfer of these power stations to NTPC will result in their optimal & efficient utilization, bring the tariff down and benefit the people of Bihar at large.

Power from all the three power station shall be available to State of Bihar as before after approval by Ministry of Power, Govt. of India.


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