The UK-based flexible solar film developer is expanding into the Indian market with Thermax as its market development and manufacturing partner.
The PV plant—to be set up in Gujarat—will supply power for INR2.22/kWh for 25 years.
Tata Power brings technology and financial strength to set up the distributed, small-scale solar power systems in rural areas and provide round-the-clock power supply to households and businesses. CSC brings to the partnership village-level entrepreneurs to provide quick, low-cost service support.
The renewable energy producer plans to utilize the capital raised to repay outstanding debt. The bonds, with a maturity period of 7.25 years, carry a 4.5% per annum rate.
Capacity addition to conventional as well as renewable power generation slowed in FY2020-21. The nation added 6.2 GW of renewable energy generation capacity and 3.5 GW of conventional during the eleven months to February.
Time-of-use (ToU) tariff can be applied to encourage domestic and industrial consumers to shift their electricity usage to non-peak hours, thereby reducing the system’s load during peak periods. A new study examines the feasibility of the ToU tariff policy in the state of Gujarat. It also suggests a framework and effective roadmap for the utilities to understand the procedure and required infrastructure to implement ToU.
The latest addition in Chitrakoot follows the commissioning of a 25 MW solar plant in January this year.
The Indian multinational will build the plant on an engineering, procurement and construction basis for the consortium of UAE-based renewable energy developer Masdar, France’s power utility EDF Renewables and Saudi Arabian company Nesma.
The Gurugram-headquartered distributed solar energy company has acquired Sterling and Wilson’s 7.2 MWp of on-site rooftop solar projects across seven Indian states.
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