Uma Gupta
Reliance offers INR 375/share to raise 25.9% stake in Sterling and Wilson Solar
The new energy arm of Reliance Industries Limited has made an open offer to acquire 4,91,37,420 shares from Sterling and Wilson Solar’ public shareholders at a price of INR 375 per share.
India added 8.8 GW of solar in the first nine months of 2021
The solar capacity addition for the calendar year 2021 is expected to touch 14 GW (11 GW utility scale and 3 GW rooftop) if the third Covid wave does not strike between November and December.
Tender launched for 50 GWh battery cell output with subsidy support
Global bids are invited to set up giga-scale advanced-chemistry battery cell manufacturing units in India under the government’s production-linked incentive scheme. To be eligible for the government subsidy, the bidder would have to commit to setting up a minimum of 5 GWh capacity. Bidding is open until December 31.
Solar tariffs could rise to INR2.60/kWh in the next fiscal year
The recent increase in the goods and services tax applied to solar cells and modules, from 5% to 12%, coupled with a planned 40% customs duty on panel imports, is set to increase project costs for developers.
Gujarat tenders 60 MW of solar EPC work
Bids are invited to install 60 MW of grid-connected solar projects around various substations of the Gujarat Energy Transmission Corporation Limited in the Kachchh district.
Jindal India Solar, Shirdi Sai, Reliance and Adani the lowest bidders in production-linked solar tender
The four companies will each have half of their planned 4 GW annual production of polysilicon-to-module output subsidized by public funds.
Tata Power crosses 1,000 EV charging stations milestone
Tata Power has become India’s largest electric vehicle (EV) charging solutions provider with the deployment of over 1,000 EV charging stations in the public domain.
Larsen & Toubro targets carbon neutrality by 2040
The Indian multinational EPC contractor will increase the share of renewable energy in the electricity mix across its campuses and project sites as part of efforts to reduce its carbon footprint.
Siemens raises 26% stake in solar plant for self-consumption
The captive solar plant in Mumbai is being developed by Cleantech through a special purpose vehicle called Sunsole Renewables. The solar electricity generated will power manufacturing operations at Siemens’ Kalwa factory in Maharashtra.
Most significant roadblocks to India’s solar energy goals
India needs to install an average of 25 GW solar capacity every year to reach its renewable energy target of ‘450 GW by 2030’ with over 60% (280 GW) from solar. The nation must build enough manufacturing capacity back home to be ready on the supply side to support the new installations.
