KPI Global gets GETCO nod to enhance solar power evacuation
Independent power producer KPI Global Infrastructure has received Gujarat Energy Transmission Corporation’s approval to enhance solar power evacuation from 30 MW to 70 MW (30 MW existing + 40 MW additional capacity) at 66 KV Amod Substation of district Bharuch in Gujarat.
MNRE approves 12 GW solar scheme for public sector undertakings
Up to Rs7 lakh of funding assistance per megawatt will be available to developers who deploy PV capacity for consumption by public entities. The energy produced will be supplied with a Rs3.50/kWh ceiling tariff and projects will be subject to strict domestic content requirements.
Delhi Police buildings will soon have rooftop solar systems
Under an MoU signed with Solar Energy Corporation of India, grid-connected rooftop solar systems totaling 3-4 MW capacity will be installed on more than 200 police establishments across the capital.
US investor Encourage Capital raises $40 million to fund rooftop solar for Indian MSMEs
The US-based impact investor will invest in specialized financial institutions in India that can develop and scale commercial rooftop solar finance solutions, serving an estimated US$ 9 billion market opportunity.
Group captive solar projects on the rise among corporates
With Karnataka withdrawing open access waivers and the policy not replicated elsewhere, corporate buyers are increasingly favouring group captive projects that are exempt from the cross-subsidy surcharge—the largest and most unpredictable component of grid charges for open access power.
Uttar Pradesh to commission 1.5 GW of solar by next year
The state is hoping for 10.7 GW of renewable energy generation capacity by 2022 and rooftop solar is set to play a big role.
India eyes 500 GW renewable capacity by 2030
The country has so far achieved around 80 GW of installed renewable energy capacity in chasing “175 GW by 2022” target. De-dieselisation of farms and railways ranks high on the Modi government’s priority list to push solar adoption.
CleanMax Solar to set up 150 MW solar farm in Haryana at Rs 6 billion
Situated in Sirsa district, the group captive solar project is in line with CleanMax Solar’s mission to more than double its customer base from 120 corporates to 300 by 2022.
NSEFI urges Karnataka to prevent solar curtailment
Citing huge losses to solar power developers, the lobby group has urged state-owned utility Karnataka Power Transmission Corporation Limited not to arbitrarily curtail generation from solar power projects that are in any case ‘must run.’
Railway Energy tenders 140 MW hybrid project capacity
Three dual renewable energy generation projects are up for grabs with the state owned railway management company having set a tariff ceiling of Rs2.70/kWh for projects which will be dominated by wind capacity.
