Installations

Danish fund IFU will hold 39% ownership and United Nations’ S3i 10% in Acme Solar’s 250 MW Rajasthan project. Acme holds the majority stake of 51%.

The National Capital Region Transport Corporation has signed a memorandum of understanding with the Solar Energy Corporation of India to arrange blended renewable energy, including solar power, for the Delhi-Ghaziabad-Meerut Corridor.

Ruchi Gupta is a research fellow at the University of Geneva’s Institute for Environmental Sciences. She focuses on how flexibility options, such as sector coupling with hydrogen production, can support renewable energy integration and decarbonize a wide range of sectors.

Solar module prices have increased by about 15-20% over the last 4-5 months to around 22-23 cents/watt as of date. As PV modules comprise about 50-55% of the overall project cost, such an increase in the module price level, if sustained, may moderate the debt service coverage metrics for developers by about 12-14 basis points. 

Austria-headquartered Borealis has deployed Indian manufacturer Waaree Energies’ modules for the rooftop solar installation at its plant in Italy. The modules use Borealis’ encapsulation film.

The state-owned hydropower producer plans to bid for 1 GW out of 5 GW grid-connected solar capacity tendered under the Central Public Sector Undertaking (CPSU) Scheme. In a pre-bid arrangement, it has tied up with NDMC for the sale of power from its solar projects at an INR 2.44/kWh (US$ 0.033/kWh) tariff for 25 years.

India’s solar-powered irrigation mission has had a sluggish run despite the PM-KUSUM scheme providing ample flexibility and budgetary support for the system implementation. An IEEFA report highlights the need to address the challenges of coordination, affordability, business models, technology and awareness creation at State level to increase the uptake.

Modules represent 45 to 55% of the project capex. In a very competitive market like India, independent power producers have lower margins, and even a modest increase in module prices will put more pressure on them.

A fresh petition filed with the regulator Central Electricity Regulatory Commission (CERC) shows the clean energy developer is not seeking discharge from the 2×300 MW solar project won at an INR 2.44/kWh (US$ 0.033/kWh) tariff in 2018.

The floating solar plant is located in the Murshidabad district of West Bengal. It is built upon a raw water pond of the Sagardighi thermal power project owned by The West Bengal Power Development Corp. Ltd (WBPDCL).