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Fourth Partner Energy raises US$15 million from Swiss investor responsAbility

The Hyderabad-headquartered developer will utilize the debt funding towards construction of upcoming projects for its clients as it aims to add around 350 MW capacity across both open-access and distributed solar portfolios this fiscal year.

1

India installed 7.6 GW of solar in the last fiscal year, and plans another 8 GW by April

Some 5.9 GW of utility scale PV generation capacity was added in 2019-20, plus 1.7 GW of rooftop solar, with domestic module manufacturers enjoying around 40% of the market.

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India to have 60% electricity generation from renewables by 2030

To support renewable energy integration, the government aims to make the thermal capacity flexible, almost 55% in the first stage and gradually extend it to the entire capacity.

2

NHPC, GEDCOL sign MoU to develop 500 MW floating solar in Odisha

The two entities shall form a joint venture to plan and develop an aggregate 500 MW of floating solar capacity in a phased manner, preferably in 50 MW packages, in the state.

Vikram Solar plans 3 GW solar factory in Tamil Nadu

The engineering, procurement and construction services contractor – which has a 1.2 GW module production facility near Kolkata – will establish a wafer, cell and module manufacturing site in Tamil Nadu under a five-year timescale.

3

Safeguarding duty extension fails to win over manufacturers

The investigating arm of India’s commerce ministry has proposed continuing to apply the duty levied on solar cell imports from the east at a rate of 14.9% from July 30 and falling to 14.5% six months later.

4

CleanMax installs wind-solar hybrid plant for US food major’s Karnataka facility

The 15 MW wind-solar project—set up in captive mode—will meet close to 70% of Cargill’s Davangere facility’s electricity needs. 

ReNew Power plans foray into solar cell and module manufacturing

The Haryana-based developer will invest Rs 1500-2000 crore in setting up the solar cell and module manufacturing facility, which will initially have a production capacity of 2 GW per annum.

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SECI opens tender for 1.07 GW grid-connected solar in Rajasthan

Single developers can bid for any quantity from 10 MW up to whole of the tendered capacity (1070 MW). The projects—to be set up on ‘build-own-operate’ basis—can be located anywhere in the State. August 31 is the deadline for bid submission.

2

NTPC partners NIIF for renewable energy and power distribution projects

This partnership with the government-backed infrastructure-specific investment fund will help NTPC raise capital as it aims for nearly 30 GW of overall power generation capacity from renewable energy sources by 2032.

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