The State Bank of India has set up a dedicated centralized cell that will process loan applications for commercial and residential solar projects sourced across India by Tata Power Solar Systems Ltd.
Players in the electric mobility sector call for a reduction in goods and services tax on electric vehicle (EV) batteries, easy access to low-cost finance for EV buyers, and expansion of FAME Scheme subsidy to ICE-to-EV conversion kits. They also expect the government to enhance the manufacturing capacity and financial layout under the production-linked incentive (PLI) scheme for advanced-chemistry battery cells.
The Chinese solar manufacturer has signed a deal with Indian developer Clean Solar Power to supply 250 MW of BIPRO series bifacial modules for a solar project in Rajasthan.
Philippines-based AC Energy and Hong Kong-headquartered UPC Renewables’ solar energy arm are jointly building a 300 MWac (420 MWp) solar farm in Madhya Pradesh. The plant, when completed, will be the joint venture’s third and largest solar project in India to date.
An international research team has investigated how solar could be combined with thermoelectric coolers (TECs), which are small solid-state heat pumps used either for heating or for cooling. A system was built with six solar panels, an air duct system, four batteries, a charge controller, TECs, an inverter, heat sinks, a test chamber, and condenser fans.
The NASDAQ-listed Indian renewable energy developer has sold off its 117 MW/138 MWp of distributed rooftop solar portfolio to Hyderabad-based Fourth Partner Energy for INR 6.72 billion (US$89.9 million), ensuring its increased focus on higher-return, larger-scale projects.
India could employ one million new workers through the deployment of 339 GW of wind and grid-connected solar systems (utility-scale solar and rooftop solar) between FY2021-22 and FY2029-30 if the nation were to meet its 500 GW non-fossil capacity target. The bulk of the new jobs would be created by small projects like roof-top solar and mini and microgrids.
Bidders have until March 4 to lodge their interest for the solar projects to be developed anywhere in India.
The State-owned hydropower producer will set up grid-connected solar power plants in the state and sell the electricity generated at an INR 3.11/kWh tariff under a 25-year PPA with the State Discoms.
The solar plant, located in Maharashtra, uses 65,000 PV panels covering an area of 80 acres. It will supply clean energy to telecom operator Airtel’s Nxtra data centers and switching centers in the State.
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