Cleantech Solar, the leading pan-Asian supplier of renewable energy to corporates has received a USD 50 million equity investment from Climate Fund Managers, the climate-dedicated investment manager and manager of the Climate Investor One facility, to support its exponential growth in Asia.
CLP India, a wholly-owned subsidiary of Hong Kong-based CLP Holdings, and one of the largest foreign investors in India’s renewable space, has acquired 49 per cent stake in two of Suzlon’s solar projects in Dhule, Maharashtra.
Union Minister of State for Power RK Singh expressed dissatisfaction over the sluggish pace of work by three Central public sector undertakings on the augmentation of power transmission and distribution infrastructure in J&K.
India is planning to implement a major shift in the way job developers will participate in future solar energy tenders. The Ministry of both New and renewable energy has proposed to decrease the maximum permitted tariff bid in at least the national level solar energy tenders.