Installations

Mahindra Susten has won 200 MW capacity in Rajasthan Urja Vikas Nigam Ltd’s latest 1 GW solar auction.

Rajasthan Urja Vikas Nigam Ltd (RUVNL) has allocated 1 GW of solar capacity in its latest auction. It will sign a 25-year power purchase agreement (PPA) with the winners.

BluSmart Mobility secured $37 million in equity and $5 million in venture debt in its latest funding round. It will use the funds to expand its EV fleet capacity to 10,000 over the next one year and penetrate deeper into megacities.

Solar Ladder co-founder Abhishek Pillai told pv magazine they would use the funding to market and increase the sales of their software-as-a-service (SaaS) product to PV installers pan India. The company also plans to expand its customer support team.

In its latest monthly column for pv magazine, the International Renewable Energy Agency shares a series of recommendations gathered from sector experts to help India reach its ambitious solar targets. According to its experts, Quality Infrastructure (QI) will be crucial for the country’s PV market in the years to come. QI is an interdependent ecosystem of the different elements (accreditation, certification, standards, testing, metrology, inspection & monitoring) working together in harmony, and all associated services should be developed in unity and not in a piecemeal fashion. A sound and internationally harmonized QI not only ensures that PV products and services deliver as expected by customers and national energy authorities, but also enables more efficient and competitive markets based on a global economy on scale.

Global Energy Alliance for People and Planet (GEAPP) and Mahatma Phule Renewable Energy and Infrastructure Technology Ltd (MAHAPREIT) have signed a Memorandum of Intent (MoI) to implement 1 GW of solar projects across Maharashtra.

Solar Energy Corp. of India, NTPC, and NHPC would examine developers’ requests for an extension to their solar and wind-solar projects on a case-by-case basis. The extension would be granted only if the developer has taken all possible measures to implement the project (such as land acquisition and order for module/balance-of-system supply) but couldn’t complete it for reasons beyond his control.

Adani Green Energy has reported a profit after tax of INR 973 crore in FY 2022-23, almost 100% up from INR 489 crore in FY 2021-22.

Indian scientists have created a hybrid power exploitability index to identify optimal locations for constructing new solar and wind hybrid power plants. They have evaluated retrofitting existing standalone plants and have discovered that all but one of the eight plants could be hybridized, with up to a 400% annual increase in power output.

US investor KKR’s latest investment builds on its $400 million commitment to Serentica Renewables last year.