Battery major Amara Raja plans 50 MW solar plant
The Indian automotive battery major has announced the setting up of a 50 MW solar power plant in Chittoor District of Andhra Pradesh. The plant—to be built at INR 220-crore investment—will help reduce the manufacturer’s carbon footprint while lowering its electricity bill. The firm, which has already set up a pilot plant facility for Lithium-ion cell development, is also mulling investments into energy storage for the renewables sector.
Rooftop solar: How to mitigate the impact of a new net metering limit
A net feed-in tariff could offer a solution for consumers, developers, and distribution companies.
EESL tenders for 70 MW distributed solar in Goa
Bidders have until February 26 to lodge their interest to set up the grid-interactive, decentralized solar capacity across various locations in the State. The project size will not exceed 10 MW at a particular location.
World Bank signs up for $56m slice of renewables developer’s first green bond
The development lender’s private-sector arm helped Indian commercial clean power company Continuum Green Energy raise $561 million to refinance its debts through the bond, on the Singapore exchange.
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.
