The cash injection—for a 15-year term at 0.15% interest—will cover 80% of the overall solar project cost of Rs 750 crore.
The scope of work for the successful bidder includes supply, installation, and commissioning of the supplied units at the project site. Bidding closes on August 17.
Developers have until August 29 to submit bids for the installation of grid-connected rooftop solar plants on selected government buildings of Belagavi Smart City.
The startup—which has developed an Internet of Things (IoT) based service for power grid monitoring and automation—will use the amount to strengthen the software platform and expand the scale to different geographies.
This marks the first such acquisition for the Bengaluru-based developer as it looks to acquire high-quality operating renewable assets to ensure a balanced risk portfolio.
The project—based on Resco model—is developed for the Bhilwara industrial site of a textile company. It is spread across five rooftops covering 21,00,000 square feet and uses 20,000 solar modules of different types.
Bids are invited from Indian manufacturers to supply 72-cell, 325Wp polycrystalline solar modules made using domestically manufactured cells. August 20 is the last date to lodge the interest.
Having bagged large orders in the U.S. and Australia, Indian multinational engineering, procurement and construction (EPC) services provider Sterling and Wilson Solar is bidding for tenders in regions which have eased up business lines, Europe among them. Kannan Krishnan, S&W’s chief operations officer for solar in India and the South Asian Association for Regional Cooperation area, speaks to pv magazine about the impact of Covid-19 on the solar EPC business and the company’s expansion plans.
A new report by ICRA says large-scale solar in the country will likely achieve the 60 GW target set by the Indian government. Rooftop solar and wind, however, will see a shortfall.
The import duty will be levied on Chinese, Vietnamese and Thai solar cells – whether assembled into modules or not – at 14.9% from today and falling to 14.5% in six months’ time. Malaysian products are exempted as their imports have fallen dramatically since the duty was imposed, in July 2018.
This website uses cookies to anonymously count visitor numbers. To find out more, please see our Data Protection Policy.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.