Commercial & Industrial PV

Removal of priority-sector lending cap: Solar industry reaction

The power minister’s proposed move is a step in the right direction towards meeting the 40 GW rooftop solar target as it removes the financing hurdle for small and medium enterprises (SMEs).

Solar trees find more homes

Solar trees—like the ones at The National Salt Satyagraha Memorial in Gujarat—are set to make their way into the residential complexes of central government employees as the Central Public Works Department (CPWD) looks to harness solar energy to the maximum extent possible.

Power minister seeks removal of priority sector lending limit for renewable energy sector

Easy access to finance topped the agenda of the minister’s meeting with various stakeholders, wherein issues related to land acquisition and Goods and Services Tax (GST) were also discussed.

Solar power helps OFB cut electricity cost by around 70 per cent in 3 years

The Ordnance Factory Board (OFB) cut its cost of electricity consumption from Rs 463.22 lakh during 2015-16 to Rs 163.78 lakh during 2018-19, using solar power generated from grid-connected PV projects installed at its various units.

NTPC mulling solar power project without a power purchase agreement

With continuous decline in costs of solar power generation, the chorus for shortening the 25-year power purchase agreement (PPA) period is growing louder.

India added 2.5 GW in Q1, 18.4 GW in pipeline: Bridge to India

Solar installations picked up significantly in the January-March period, with 1.89 GW of utility-scale PV projects providing 76% of the quarterly total. Rooftop PV accounted for the remaining 590 MW of new capacity additions. Looking ahead, Bridge to India expects the uptrend to continue, as the first quarter ended with a record amount of capacity in the national pipeline.

Bidding extended for Telangana solar tender

In the second amendment to the tender, the financial and technical criteria have been further relaxed and the bidding deadline extended from June 7 to June 10.

India’s growth slows as developers add 1.7 GW in Q1

Solar installations fell 49% year-on-year in the first three months of 2019, with rooftop PV additions plunging as installers struggled to secure approval for projects immediately before the general election, according to new statistics from Mercom India Research.

Japanese firm Mitsui invests in Mahindra Susten to support its solar expansion

The Mahindra Group cleantech firm will continue to have majority 51% stake in its subsidiary Marvel Solren, with Mitsui owning the balance. Currently, Marvel operates four distributed solar projects in India with a combined capacity of 16 MW, which the two partners aim to expand to 150 MW by 2023.

ISA invites bids for solar PV project development in member countries

Following Indian utility National Thermal Power Corp.’s proposal for PV projects in International Solar Alliance member countries, the organization has invited bids from companies in such nations with comparable credentials and experience, as long as they own at least 250 MW of solar capacity.

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