SJVN targets 10 GW of solar projects in Rajasthan over five years
The State-owned hydropower producer has proposed an investment of INR 50,000 crore (around US$6,683 million) to develop 10 GW of solar power projects in the State in the next five years.
ReNew Power commissions Gujarat’s first wind-solar hybrid project
The developer has commissioned a 17.6 MW captive wind-solar project to supply clean energy to Grasim Industries Limited’s Chlor-Alkali unit in the Bharuch district. The second phase will see an additional installation of 16.68 MW for the same unit.
KPI bags 25 MW commercial solar order, Sungrow signs inverter contract for 50 MW of PV projects
Gujarat-based KPI Global will execute a 25 MW DC solar project for Greenlab Diamonds. Sungrow has signed a contract with Roofsol Energy to implement its solar inverter solutions for 50 MW solar projects across India.
Waaree Renewable awarded 180 MW solar project in Tamil Nadu
After 140 MW in Gujarat, the company has secured a 180 MW DC solar project in Tamil Nadu. It shall set up the plant on a turnkey basis.
Additional PLI funds will push solar sector to achieve 2030 target
India should not just rely on solar equipment imports but also promote domestic manufacturing to ensure an uninterrupted march to its 280 GW target of installed solar power capacity by 2030. The budgetary allocation of an extra INR19,500 crore (US$2,602 million) to the production-linked incentive scheme for solar provides the much-needed impetus for domestic production, say GlobalData analysts.
Virescent Renewable Energy Trust raises INR 650 crore via domestic bonds
The investors included domestic financial institutions India Infrastructure Finance Company Limited and Aseem Infrastructure Finance Limited. Virescent shall use the proceeds primarily to fund solar asset acquisitions related debt requirements.
Reversible photovoltaic shade under the Madrid sky
The 8 kW photovoltaic shade was deployed on the outdoor rest area of a commercial building located in the northern part of Madrid. It was built with conventional solar modules provided by JA Solar and a structure made with light galvanized steel profiles for plasterboard partitions.
Adani Green Energy raises INR 612 crore for debt refinancing
The developer’s three arms, which collectively have 930 MW of operational solar power projects, have raised INR 612.30 crore (US$81.96 million) through their maiden domestic bond issuance. The proceeds will be utilized to part-refinance existing rupee term loan bearing higher interest cost.
Scatec and Acme put their 900 MW Rajasthan solar project on hold
Norway’s Scatec, which has a 50% stake in Acme’s 900 MW solar project in Rajasthan, cited a lack of domestic solar panel supply and the 40% import duty on solar panels effective from April as the reasons for putting the PV project on hold.
Rajasthan to create geo mapping-based data bank for renewable energy projects
The move is aimed at identifying chunks of land for solar plants and solar parks as the State government looks into the possibility of developing more capacity in the state and further increasing its ‘37.5 GW by 2024-25’ renewable energy generation target.
