Amplus Energy Solutions Signs MoU with Yes Bank for Solar Power

Alfred Osborne
January 25, 2018

An additional 1.6 GW of projects have secured power purchase agreements (PPAs) and are nearing financial close.

The ISA is looking at partnerships and synergies between worldwide agencies and the private sector to help mobilize $1 trillion to set up 1,000 gigawatts of solar power capacity across the world, with the intention of enhancing energy access and reducing the cost of production for solar power.

"Our partnership with Yes Bank is a flawless match for solar projects in India as we can provide installation, operational and maintenance expertise and Yes Bank can fund eligible projects, it provides a 360 degree offering for firms looking to install solar plants".

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During a recent conference of the International Solar Alliance in Abu Dhabi, the Director-General of the agency made several encouraging announcements that indicate a concerted effort towards the target to facilitate the implementation of 1,000 gigawatts of solar power capacity across the world. World Future Energy summit, which is being held in Abu Dhabi, UAE from January 15 to 18, is focusing on renewable energy. In the U.S. though, President Trump just slapped a 30 percent "America First" tariff on imported solar panels, which will likely slow adoption of the renewable energy source. With the RET Australia aims to reach 33,000 GWh of renewable power in 2020, which, according to CER's calculations, should involve the addition of about 6 GW of large-scale renewable power capacity between 2016 and 2019. They have already identified eligible solar projects in Karnataka, Telangana, Maharashtra and Rajasthan.

In the newest phase of Texas' green energy movement, 174 Power Global, a US owned subsidiary of South Korea's Hanwha Energy, began construction on a massive solar farm near Fort Stockton.

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