Solar Tenders
Alpex Solar IPO to open on Feb 8, sets price band at Rs 109-115/share
Solar energy solutions provider Alpex Solar Ltd on Monday said it has fixed a price band of Rs 109-115 apiece for its Rs 75-crore initial public offering (IPO). The issue will open for public subscription on February 8 and conclude on February 12. The bidding for anchor investors will open for a day on February 7, the Greater Noida-based company said in a statement. The maiden public issue comprises a fresh issue of 64.8 lakh equity shares. At the upper end of the price band, the company aims to mobilise Rs 74.52 crore. Of the IPO proceeds, Alpex plans to utilise Rs 19.55 crore to upgrade and expand its solar module manufacturing facility and increase its capacity from 450 MW to 1.2 GW. Further, Rs 12.94 crore will be used to set up a new manufacturing unit for its solar modules' aluminium frame; Rs 20.49 crore to meet its working capital requirements and the remaining for general corporate expenses. Post the completion of the issue, shares of the company will be listed on the NSE
 "Alpex Solar IPO to open on Feb 8, sets price band at Rs 109-115/share")
Israel to install solar energy facilities on highways for first time
The project includes the construction of solar facilities for the production of green electricity in a total area of approximately 250 acres
 "Israel to install solar energy facilities on highways for first time")
3.5 Gw of solar tenders in limbo, thanks to tax and regulatory niggles
Some of the cancelled tenders were for large projects announced during 2015-16 and were facing delays and uncertainty over tariff
 "3.5 Gw of solar tenders in limbo, thanks to tax and regulatory niggles")
