The Ordnance Factory Board (OFB) cut its cost of electricity consumption from Rs 463.22 lakh during 2015-16 to Rs 163.78 lakh during 2018-19, using solar power generated from grid-connected PV projects installed at its various units.
Pitched as a solution between dual-axis and single-axis trackers, the 2-axis solar tracker offers a yield increase comparable with dual-axis trackers at a significantly lower cost.
Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has invited bids for the supply, installation and commissioning of an aggregate 6 MW capacity of solar power generation projects along with LiFePo4 battery backup at various sites in Uttar Pradesh. Bidding closes on June 24.
With continuous decline in costs of solar power generation, the chorus for shortening the 25-year power purchase agreement (PPA) period is growing louder.
Solar installations picked up significantly in the January-March period, with 1.89 GW of utility-scale PV projects providing 76% of the quarterly total. Rooftop PV accounted for the remaining 590 MW of new capacity additions. Looking ahead, Bridge to India expects the uptrend to continue, as the first quarter ended with a record amount of capacity in the national pipeline.
U.P. Khadi & Village Industries Board (KVIB), Lucknow, has invited bids for 12-spindle solar charkhas (spinning wheels), with all fittings and equipment. The complete solar kits include single panels with batteries, control units, motors, luminaires and additional 12 V output ports, with minimum eight-hour backup.
The Mumbai-based EPC contractor and module manufacturer expects its international business to account for more than 15% of its overall revenue. The company’s latest installation, in Vietnam, marks the completion of over 600 MW of solar EPC projects, with an additional 100 MW in its international pipeline.
The Mahindra Group cleantech firm will continue to have majority 51% stake in its subsidiary Marvel Solren, with Mitsui owning the balance. Currently, Marvel operates four distributed solar projects in India with a combined capacity of 16 MW, which the two partners aim to expand to 150 MW by 2023.
The preliminary proposals must reach the ministry by June 30. These will be examined by a committee and the shortlisted parties will be invited to submit final proposal.
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