India added just 205 MW of solar capacity in second quarter
New large-scale solar installations totaled 120 MW compared to 896 MW in the first quarter of year 2020. Rooftop solar addition fell to 85 MW from 194 MW installed in the previous quarter.
Under-construction solar projects get a five-month blanket extension for completion
In March, the government said delays in renewable energy plant construction on account of Covid-19-prompted supply chain disruption would be considered a force majeure event.
KPI Global gets Rs 107.50-crore PFC loan for 35 MW solar projects
The Gujarat-based solar developer will use Rs 76 crore to finance a new 20 MW solar project at Bharuch and Rs 31.50 crore to refinance an existing 15 MW plant.
EESL opens tender for 279 MW ground-based solar in Maharashtra
Bids are invited to install solar power generating systems ranging from 2 MW to 10 MW at various locations in Maharashtra. Bidding closes on September 25.
NHDC invites bids for 25 MW floating solar EPC in Madhya Pradesh
Bidders have until August 25 to lodge the interest for design, engineering, procurement, and construction (EPC) work of a 25 MW floating solar plant in Khandwa district.
NTPC 1.2 GW ISTS solar auction sees aggressive tariff of INR 2.43/kWh
Low solar tariff trends can be attributed to developers’ desperate attempt to take advantage of the current situation wherein only safeguard duty of 14.9% is applicable, according to JMK Research.
UK investor acquires two Acme Solar projects aggregating 400 MW
Private equity investor Actis has completed the acquisition of Haryana-based Acme Solar’s 400 MW PV assets in the states of Andhra Pradesh and Madhya Pradesh.
Early coal plant retirement first hurdle in reducing discom debt
The Indian power distribution sector needs bold policy choices such as the closure of old, inefficient coal-based power plants to improve its financial viability. Early retirement of expensive coal power contracts will result in significant savings for the states as they can contract cleaner, cheaper renewable power.
KFW offers Rs 600-crore loan for 125 MW Bengal solar park
The cash injection—for a 15-year term at 0.15% interest—will cover 80% of the overall solar project cost of Rs 750 crore.
BHEL seeks containerized PCUs for 20 MW NTPC solar plant in Gujarat
The scope of work for the successful bidder includes supply, installation, and commissioning of the supplied units at the project site. Bidding closes on August 17.
