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Tata Power has signed a share purchase agreement with BP Alternative Energy Holdings to purchase the firm's 51% equity and preference shares in the joint venture Tata BP Solar.
Germany's SMA Solar, the world's largest maker of solar inverters, expects that in 2014 its Indian unit will win about 40% of a market it forecasts will reach 3,500 megawatts, an official of the domestic unit said on Thursday.
Tata BP Solar, a joint venture between Tata Power and BP, today said it will complete the 5 MW solar EPC project for Kolkata-based Electrical Manufacturing Company at Naini, Uttar Pradesh, by December 2011.
India's second-largest solar cell manufacturer Moser Baer India expects solar power business to chip in about two-thirds of its total sales in the next two to three years, as it looks to strengthen its position in the lucrative Indian solar market, its founder and chairman said on Wednesday.
From a lack of data and trained manpower to dealing with inexperienced investors, India's ambitious dream to boost solar power faces a host of problems that could slow plans to zoom production from near zero to 20 gigawatts by 2022.
