Japan’s MUFG Bank extends INR 450 crore credit facility to Tata Power
The Japanese bank has extended INR 450 crore sustainable trade finance facility for Tata Power’s 220 MW of solar projects in Gujarat and Maharashtra.
Bangladesh offers PPA for 68 MW of solar at $0.102/kWh
The Bangladesh Power Development Board (BPDB) has agreed to buy solar electricity from a 68 MW facility that is now under construction in the country’s Sirajganj district, as part of a new state plan to buy cheap power.
Tata Power to set up India’s first group captive solar plant for a residential society
Tata Power Renewable Energy Ltd will set up a 3.125 MW ‘group captive’ solar plant to supply power to the Vivarea Condominium residential society in Mumbai.
India to add 45 GW of corporate renewables over five years
Bridge To India analysts expect corporates in India to drive 45 GW of renewables capacity addition over the five years ending 2027. Open-access solar will continue to be the dominant source for power procurement.
SmartHelio raises $5 million
The Swiss PV diagnostics and predictive solutions provider said it would use the amount to scale its software for solar performance management.
Uttar Pradesh seeks consultant for floating solar on dam reservoirs
TUSCO Ltd is accepting bids from consultants to prepare a pre-feasibility report and detailed project report for floating solar plants on dam reservoirs in Uttar Pradesh.
Tamil Nadu tenders 20 MW rooftop solar under Capex mode
Tamil Nadu Energy Development Agency has invited bids to install an aggregate 20 MW of grid-connected rooftop solar capacity under CAPEX mode in the State of Tamil Nadu.
DVC to set up 2 GW of floating solar across its reservoirs
The state-owned thermal and hydel power generator has already received approval for 990 MW of floating solar under the Ultra Mega Renewable Energy Power Parks (UMREPP) scheme. A tender for part of this capacity will be launched shortly.
Husk Power secures $750,000 to expand solar microgrid business in Nigeria and India
Bihar-based Husk Power Systems has secured $750,000 in debt to build eight new community solar microgrids in Nigeria and expand operations in India.
Is floating solar PV the future?
The major impediments to floating solar photovoltaics (floatovoltaics) are the high cost of materials and the complex installation involved.
