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The Intersolar India Exhibition was held in Bangalore International Exhibition Centre on 11-13 December 2018.Sofarsolar,one of the world's largest solar inverter and hybrid inverter companies in China showed its top selling products and the latest inverters in this exhibition, which attracts the attention of many Indian customers. At the same time,Sofarsolar won the award named “Solar consumer choice brand awards 2018”.

Sofarsolar Attended Inter Solar India Exhibition And Inverters Were Preferred Choice By Indian Consumers Image 1

The Indian market is not new to Sofarsolar. In 2016, Sofarsolar branch was established. Since then, Sofarsolar has kept the high position in India solar inverter market.Now all products are widely used through ground, industrial, and commercial power stations, which have been immensely well-received by Indian customers.

Sofarsolar Attended Inter Solar India Exhibition And Inverters Were Preferred Choice By Indian Consumers Image 2

During the exhibition,Sofarsolar was voted as the most preferred choice by consumers,won the award named “Solar consumer choice brand awards 2018”. Why is sofarsolar widely recognized in the Indian market?

Vice President of Sofarsolar, David Zhong, has released comments stating that we try to do two issues in the Indian market, one is to do a good products, the other is to do a good service. During these years, Sofarsolar has put quality and service as the most important criteria in the design, production and daily operations.

Sofarsolar Attended Inter Solar India Exhibition And Inverters Were Preferred Choice By Indian Consumers Image 3

With the continuous growth of the power demand and cost throughout India, the country has been focusing on accelerating their transition to renewable energy sources. Sofarsolar will seize the market development opportunity, launch more solar inverters suitable for market demand, deepen services, further expand the Indian market, and increase the share of Indian market.

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Keeping in view our commitment to a healthy planet and our Nationally Determined Contributions as per the Paris Accord on Climate Change, India made a pledge that by 2030, 40% of installed power generation capacity shall be based on clean sources, it was determined that 175 GW of renewable energy capacity will be installed by 2022.

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Azure Power, one of India’s leading independent solar power producers, announced that effective November 29, 2018, its compensation committee changed the exercise price of stock options for 692,507 equity shares, par value US$0.000625 each, of the Company, which were previously awarded to certain officers, employees and directors under the Company’s 2016 Equity Incentive Plan, as amended in 2017.

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Cleantech Week India 2018
Bangalore, Pune, Mumbai – 10 to 14 December 2018
Pioneers of the Swiss innovation ecosystem explore the market, and engage with key stakeholders from India’s booming energy sector.

Cleantech Week India 2018 aims to showcase the best of Swiss innovative excellence in the renewable energy sector. With 16 representatives from the energy sector including researchers, startups and entrepreneurs, the Cleantech Week brings the pioneers of the clean energy initiative from Switzerland to one of the fastest growing energy markets, India.
Through one-on-one visits with key industry players, sessions by sector experts, B2B meetings, and a renewable energy conference with the largest gathering of energy experts; we look forward to building a strong network of professionals within this domain and showcasing Swiss excellence in renewable energy.
The visiting energy professionals are operative in the fields of energy storage, energy efficiency, mobility, and Photovoltaics. Meet the Swiss energy experts in –
Bangalore, December 10th, 2018
or visit the Swiss Pavilion at Intersolar conference on December 11th & 12th, 2018
Pune, December 13th, 2018
Mumbai, December 14th, 2018

As part of the Cleantech Week India 2018, swissnex India is hosting a Pitch Session ‘Energizing a Green Future’ on 10th December 2018 at swissnex India at 6 pm. The pitch session and discussion by Swiss representatives from energy sector is about bringing together the renewable energy solutions from both countries. The session will include interesting pitches on clean energy, followed by a networking dinner.

India's Infrastructure Leasing & Financial Services Ltd (IL&FS) said on Wednesday that it has launched a process to assess the interest of third parties in the company’s renewable energy businesses.

"As stated in the said report, it is the objective of the Board to achieve, by one or more plan(s), the resolution of the IL&FS group through certain measures, including asset divestment," the statement said.

 

The stake sale may be executed as a basket, or individually, or in any combination thereof, the company said in a statement.


IL&FS is looking to sell controlling stakes in an 873.5-MW operating wind park portfolio and 104 MW of under-construction wind farms as well as businesses that offer asset management and project development services. Also, it seeks to sell stakes in the business engaged in the development of solar projects, including 300 MW of photovoltaic solar projects.


It has hired Arpwood Capital Pvt Ltd and JM Financial Ltd as financial and transaction advisors, while Alvarez & Marsal will act as resolution consultants.

Private equity firm Actis LLP has reached an agreement to acquire the solar power portfolio of Indian company Essel Infraprojects Ltd, which includes 685 MW of installed capacity and under-construction projects, Mint has reported.


The deal may be formally announced by December-end, the report said.


Earlier this year, Essel Infra, part of media mogul Subhash Chandra’s Essel Group, had put its solar assets on sale and since then it has been negotiating with potential buyers.


Essel has a total portfolio of 23 projects, under various stages of development, with nearly 310 MW of operational solar power facilities, which it had bid for under the National Solar Mission and state government auctions, and another 375 MW capacity under construction.


The newspaper quoted two sources as saying that Actis has agreed to pay between INR 5500 cr (USD 788m/EUR 692m) and INR 60 cr for the solar assets. One of them has told Mint that a formal deal will be announced by the end of December.


The assets that are being sold have power purchase agreements (PPAs) with tariffs as high as INR 8 per kWh, while the average amounts to INR 5.50/kWh, according to one of the people.

Entailing conversion of fixed line reactors to switchable line reactors with the purpose of curtailing outages, this extra high-voltage substation project will go a long way in strengthening northern grid

The project, which will cater to a population of 7 crore spread over UP, Haryana and Rajasthan, is scheduled for completion by February 2020

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In July this year, KREDL had floated a tender for the allotment of 150 MWAC (50 MWAC x 3 Blocks) Grid-Connected Ground Mounted Solar Photovoltaic Projects to be implemented in Pavagada Solar Park in the state of Karnataka on “Build-Own-Operate” basis for the procurement of solar power by BESCOM for a period of 25 years.

 

Giriraj Renewables has bagged all the 3 available blocks, 3 X 50MW project capacities at a tariff of INR 2.92/ unit.

 

As per the tender, the Bidder could quote for a minimum capacity of 50MW and in multiples of 50 MWAC for multiple projects (“Projects”), for a maximum capacity of 150 MW, subject to the Bidder meeting the Technical Capacity and Financial Capacity as mentioned in the RFP. The maximum allowable capacity to be developed in a Block was limited to 50 MWAC only.

 

The Projects will now be developed by Giriraj Renewables on a pre-identified land parcel inside the Pavagada Solar Park, i.e. blocks B22, B39 and B40A. The maximum solar power output from a project at the delivery point will be limited to a maximum of 50 MW at any time block of the day that can be scheduled.

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