REC commits $123 million for renewable energy projects in Madhya Pradesh
The state-owned non-banking finance company has signed a memorandum of understanding with Rewa Ultra Mega Solar Ltd (RUMSL) to provide INR 1,000 crore ($123 million) for the development of renewable energy parks and associated infrastructure in Madhya Pradesh.
Madhya Pradesh to launch three new floating solar projects soon
The state will launch three floating solar projects worth INR 7,500 crore ($919 million). The new projects will be in addition to a 600 MW plant currently under development at Omkareshwar reservoir.
NTPC, DVC JV tenders power evacuation package for 755 MW floating solar park
Green Valley Renewable Energy Ltd, a joint venture of government-owned power generators DVC and NTPC, has invited bid to develop the power evacuation system for its 755 MW floating solar project at DVC’s Tilaiya and Panchet reservoirs in Jharkhand.
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.
