Though the financial details of the deal were not disclosed, Acme Solar said in a statement “the total value of the project is the equivalent of just under $200 million, of which about a quarter are financed through equity
Each state and discom has its own preference and way of working. Some state discoms have accessed the loan package announced by the central government and made payments to various generators, while others are still deciding.
By working at ambient temperature, the new material - known as metal-organic frameworks - can save energy, make reprocessing cleaner and less expensive. The reclaimed materials can also be reused commercially.
According to PWC's Kameswara Rao, the renewable energy investments in solar and wind have benefited from a strong central policy and several years of early-stage private sector investment, respectively.
In what would bring relief to the renewable energy developers and shield them from delays in payment by distressed state-owned utilities, two state-run lenders — Indian Renewable Energy Development Agency (Ireda) and PTC In