Gujarat 700 MW award cancellation will impact solar investment
The state electricity regulator has passed the order in Gujarat Urja Vikas Nigam Ltd’s favor, allowing it to retender the 700 MW capacity to seek lower tariffs than the INR 2.78-2.81/kWh levels awarded to developers. Developers’ body says the move will impact investors’ sentiment as arranging finance starts soon after developers win a capacity.
New model to predict PV module cleaning cycles and resulting profits
A group of scientists in Bangladesh has developed a model to determine the optimal cleaning schedule for a PV installation at any location in the globe, requiring only the average insolation and soiling rate for a given site to make the calculation. The study also draws new conclusions regarding the influence of sandstorms and rain on soiling, and aims to be among the first studies to paint a global picture of soiling trends by region.
Andhra Pradesh inching towards 10 GW solar for farming needs
The 6.4 GW auction success takes the state government closer to its 10 GW solar target to provide free, uninterrupted power supply to farmers during the daytime.
Bidding extended for 20 MW solar-plus-storage in Ladakh
The Solar Energy Corporation of India has issued amendments to the procurement and extended the bidding deadline by two weeks.
Virescent assigned provisional ‘AAA’ rating for its renewable energy InvIT
The renewable energy infrastructure investment trust (InvIT) proposed to be launched by KKR-backed Virescent Infrastructure aims to achieve approximately 1.5 GW of assets in the next three years. Its initial portfolio will comprise nine solar energy projects with an aggregate capacity of about 400 MWp.
KPI Global signs power supply agreements for 13.15 MW solar projects
The Gujarat-based solar developer has signed power supply agreements with nine different industrial customers for PV projects aggregating to 13.15 MW.
India has the opportunity to build a new energy future
India is set to see the largest increase in energy demand of any country over next 20 years, a new International Energy Agency (IEA) report says, highlighting potential for policies and investment to accelerate clean energy transition.
Amp Energy India powers L&T Metro Rail Hyderabad with solar
The developer has commissioned a 7.805 MW solar plant for Larsen & Toubro’s metro rail project in Hyderabad. Touted to be one of the largest behind-the-meter solar projects in India, the plant will supply electricity to the metro project’s 24 stations and two depots.
Agartala airport to get 2 MW solar plant
Bidders have until February 22 to lodge their interest to develop the ground-mount, grid-connected solar plant with net metering. Technical and commercials bids will open on February 23.
Tamil Nadu could save INR 35,000 crore with shift from coal to renewables
A new report suggests that the State shut down 3.1 GW of old coal plants and replace the lost generation with renewables. It also advocates switching from expensive power (tariffs > INR 4/kWh) to renewable energy (which now costs INR 3/kWh or less) and halting the construction of new coal plants.
