Bharat Bhushan News
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Giriraj Enterprises Ltd. of India completed 33 megawatts of solar-power capacity, the most to be built under the nation’s Renewable Energy Credits mechanism.
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India’s first solar auction, planned to boost clean energy in the world’s fourth-biggest polluter, may risk failure after winners were selected without experience or proof that they can keep projects afloat earning low margins.
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Demand for Indian renewable-energy credits more than doubled in December from the previous month with volumes rising to the second-highest level this year.
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Surana Ventures Ltd., an Indian maker of solar panels, is planning to double production after oversupply from Chinese manufacturers pushed prices down by almost 34 percent in the past year.
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Banks may restrict loans to Indian solar projects after the government fined 13 projects for delays, including one owned by Indian Oil Corp.
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Indian solar power capacity expanded 20-fold in the past year to at least 356 megawatts, a third of the targeted level, after infrastructure, financing and weather- related delays, according to Bloomberg New Energy Finance.
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Anurag Chadha had one thing to say after flight disruptions at billionaire Vijay Mallya’s Kingfisher Airlines Ltd. curtailed his holiday plans.
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India is reviewing the licenses of all of the 4,000-plus airline pilots working in the country, as police investigate at least 18 people suspected of using forged documents to win promotions or certification.
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A glut of renewable-energy credits in India surged to a record in October as state electricity utilities failed to comply with clean-energy targets.
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Kingfisher Airlines Ltd., controlled by billionaire Vijay Mallya, asked banks to raise its lending limits to meet operating costs and pay for fuel as the stock fell the most in a month on concern that the company needs cash.
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