Solar module prices will stay high until 2023, IHS Markit says
IHS Markit predicts that global installed solar PV capacity will grow by 20% to over 200 GW in 2022, despite a difficult cost environment. PV system costs are expected to resume their downward trend from 2023, when more polysilicon capacities will come into operation.
Uttar Pradesh tenders for 38 MW of residential rooftop solar
The Uttar Pradesh New & Renewable Development Agency (UPNEDA) has invited bids to install an aggregate 38 MW of residential grid-connected rooftop solar capacity in the State of Uttar Pradesh under CAPEX mode.
Land, power evacuation plan for 10 GW renewable energy project in Ladakh
Power minister recently chaired a meeting to discuss land availability and power evacuation plan for the 10 GW hybrid renewable energy project in the Leh district of Ladakh.
Power ministry allows bundling of renewable to replace thermal power under existing PPAs
The gains from the bundling of cheaper renewable energy with high-cost thermal will be shared between the generator and distribution companies on a 50:50 basis.
NTPC, Indian Oil to collaborate on renewable energy
The two energy majors have come together for the generation and storage of renewable energy or other forms of energy, including gas-based power, primarily to power Indian Oil refineries or other installations.
Prime minister Narendra Modi to lay foundation stone of 600 MW solar park in Jhansi
State-owned hydropower producer THDC and the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) will develop the solar park in the Jhansi district of Uttar Pradesh through a joint venture with an equity participation ratio of 74:26.
Chile wants to export solar energy to Asia via 15,000km submarine cable
The Antípodas project was announced by the Chilean government last week. It is aimed at taking advantage of the huge solar potential of the Atacama Desert, which is the world’s region with the highest solar radiation.
Oriano commissions 36 MWp ‘group captive’ solar project in Karnataka
The open-access solar project under group captive mode will supply power to one of the global pharmaceutical companies.
Virescent Renewable Energy Trust raises INR 2,150 crore of debt finance
Virescent Infrastructure shall use the proceeds primarily to refinance special-purpose vehicle (SPV) level debt and fund future acquisitions.
SJVN, Solarworld sign pact for 75 MW solar EPC in Uttar Pradesh
The PV project, located in Parasan Solar Park of the Jalaun District, benefits from a 25-year power purchase agreement with the Uttar Pradesh New and Renewable Energy Development Agency at a tariff of INR 2.68/kWh.
