The developer has achieved a first for India and announced another 3 GW of clean energy capacity will be on the way in the next 18 months.
An AFP newswire report this week said Anand Kumar had announced plans for 30 GW of generation capacity in Gujarat and 25 GW in Rajasthan, all of it along a 20-25km strip of semi arid land on the border.
Range anxiety continues to be an obstacle to electric vehicle take-up but the nation’s willingness to embrace car-sharing and other workarounds offers plenty of promise to the sector, according a World Economic Forum report.
The disparity between central and state government renewables policies must be resolved and renegotiating signed PPAs is an absolute no-no, according to the solar business’ bosses.
The latest blow in the political battle between clean energy project developers and an anti-renewables state government has seen the electricity regulator order power distribution companies to honor PPAs signed after a public tender.
The Ministry of New and Renewable Energy has suggested minimum 25-year power purchase agreements and also opened up the option of including energy storage in solar-wind hybrid generation projects procured under its public tender regime.
A report by Indian ratings agency CRISIL points to a rising rate of tender failures, an inconsistent policy approach from central and state governments and restrictive solar energy tariff caps and says India could have just 104 GW of renewables capacity by 2022.
Manufacturers have been invited to compete for the tender by submitting expressions of interest by October 22. The vehicles must be ready to hit state roads by the end of March.
The fossil fuel giant, like many of its global peers, is making inroads into renewable energy activity and has invested an unspecified amount in becoming a significant shareholder in a business which installs rooftop PV systems for commercial and industrial clients.
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