The Indian multinational will build the plant on an engineering, procurement and construction basis for the consortium of UAE-based renewable energy developer Masdar, France’s power utility EDF Renewables and Saudi Arabian company Nesma.
The Gurugram-headquartered distributed solar energy company has acquired Sterling and Wilson’s 7.2 MWp of on-site rooftop solar projects across seven Indian states.
The developer added 825 MW of solar capacity during the fiscal. This, together with 100 MW of new wind, raised the developer’s total operating renewable capacity to 3,470 MW.
Developers now have until April 27 to bid for the capacity in the Uttar Pradesh Solar Park. Technical bid shall be opened on April 28.
Under the partnership, the West Bengal-based not-for-profit organization shall set up a guarantee fund to facilitate the financing of solar pumps for unbankable small and marginal farmers without having to offer any collateral.
The Gujarat State Electricity Corporation Limited (GSECL) has floated two separate tenders inviting bids to set up an aggregate 112 MW of grid-connected PV capacity across GETCO substations and 200 MW in Dholera Solar Park, respectively.
The 110/33/22 kV, 125 MVA power transformer is installed at the BKC receiving station in collaboration with Hitachi ABB Power Grids and Cargill.
The 1.5 GW Sudair Project is Saudi Arabia’s largest solar plant with power purchase agreement signed. It is also one of the world’s largest PV plants.
The offtaker’s creditworthiness, the ease of land acquisition, infrastructure readiness, policy consistency and clarity, and access to low-cost funds are among the key determinants for the success of large-scale PV auctions in India, writes Uma Gupta in New Delhi.
Bridge To India’s latest report shows India installed a cumulative rooftop solar capacity of 6,792 MW as of December 31, 2020. Capital expenditure (capex) model, wherein consumers own the system, accounted for a majority of this capacity (72%).
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