The Indian developer will hold majority 51% equity in the joint venture, while the balance will be held by GS E&C. The project is part of the capacity auctioned by Solar Energy Corporation of India (SECI) under its tranche-IV earlier this year.
Bids are invited for supply of 5-busbar cells with an efficiency of minimum 19.4%. A total of one million quantities are to be supplied. Bidding closes on December 26.
Government incentives driving state-owned enterprises’ investment away from the soon-to-be stranded fossil fuel based assets are a way of further boosting investment in the renewable energy sector.
The 923 MW grid-connected solar capacity—tendered under Central Public Sector Undertaking (CPSU) Scheme—is to be developed using only domestically manufactured solar cells and modules. Whereas, modules for the 500 MW project in Maharashtra can be procured from either domestic manufacturers, or imported.
Launched in November 2015, the alliance aims to collectively address key challenges to the scaling up of solar energy in member countries that fall between Tropic of Cancer and Tropic of Capricorn. Out of 121 prospective member countries, over 83 have already joined it in a period of just four years.
Energy Efficiency Services Ltd, under the Ministry of Power, intends to procure an aggregate 100 MWp quantity of solar modules rated 325 Wp or above for the state of Maharashtra. Bidding closes on December 27.
The state government’s Policy for Development of Small-scale Distributed Solar Projects 2019 allows any individual or company to set up solar plants in capacities ranging from 0.5 MW to 4 MW for sale of electricity to the DISCOMs.
Developers have until January 15, 2020 to submit bids for the project that shall come up at Central Coalfields Limited’s plant in Piparwar of Jharkhand.
Hydrogen can be produced from various sources including biomass, renewables and LNG and possesses high energy density and long-time storage—said the minister, who recently took the test drive of a hydrogen fuel cell based car manufactured by Toyota Kirloskar.
The Solar Energy Corporation of India shall enter into a 25-year power purchase agreement (PPA) with the developers that can set up the projects anywhere in India on “build own operate” basis.
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