TotalEnergies ENEOS, a distributed solar joint venture of TotalEnergies and ENEOS, has installed a 1 MW rooftop solar plant for Yanmar’s industrial engine production facility in India.
The state government has announced its Solar Policy 2022, which places a special focus on the setting up of solar parks with storage systems. The policy also provides big incentives for the adotion of rooftop solar systems and the solarization of tubewells for agriculture.
Developer ReNew Power has signed an agreement with the Egyptian Government to establish a green hydrogen plant in the Suez Canal Economic Zone. The $8 billion project will produce 220,000 tons of green hydrogen per year.
Union Bank of India will provide a low-cost loan with nil or minimum collateral to finance MSME rooftop PV projects executed by Tata Power Solar.
Tariffs will rise by 50-70 paise/kWh for up to 6 GW of solar projects as developers are allowed to pass on the impact of basic customs duty on cells and modules under ‘change-in-law’.
The distributed solar solutions provider will be supported by a strengthened local management team to meet its installed PV target of 1 GW.
The company reported a net profit after tax of INR 18.08 crore ($2.23 million) in the half year ended September 30, 2022, an 864% growth over INR 1.88 crore recorded during the same period in the previous year.
Saatvik Solar will supply 4 MW of mono PERC modules to Bharat Heavy Electricals Ltd for PV projects at two thermal power plants in Uttar Pradesh.
Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) has started accepting bids to develop grid-connected, ground-mounted solar plants, ranging in size from 2 MW to 10 MW, in various districts of Maharashtra. The ceiling tariff is fixed at INR 3.30 ($0.041)/kWh, with bidding scheduled to close on December 16.
Bids can now be submitted until December 2 to install and commission 300 MW of solar projects at Barsingar in the Bikaner region.
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