Mahindra Renewables to sell 3 solar arms to CLP India
Cleansolar Renewable Energy, Divine Solren and Neo Solren—all of which were formed to set up and operate solar plants in Telangana—would be sold for around Rs 340 crore. The transaction is expected to be completed by May 31, 2020.
Solar projects reprieved as Indian government declares coronavirus a force majeure
Lobby group the National Solar Energy Federation of India says around 4 GW of solar plant capacity is likely to be affected by component shortages after the outbreak of the virus in China.
Raising crops in PV facades
An international research group has analyzed the visual impact of PV facades on buildings which include crop cultivation. Architects, PV specialists and farmers were surveyed and the results showed broad acceptance of such projects.
NTPC invites global bids for 1.2 GW ISTS connected solar projects
The projects—to be established on a build, own, operate basis—will be awarded through e-bidding and a reverse auction with a tariff ceiling of Rs 2.78 per kWh. Bidding closes on March 19.
Large scale storage still some way off
Consultancy Bridge to India has looked into its crystal ball to predict India will add 10 GW of solar capacity this year and the same next year before deployment slows to 7 GW per year in 2022 and 2023, dogged by hurdles such as an inexplicable ongoing demand for new coal-fired power plants.
Azure Power posts Q3 loss but continues to expand solar portfolio
The New Delhi-based developer posted a Rs136 crore loss from October to the end of December but has managed to shift current liabilities into the long grass as it aims to continue on an expansionist trail, backed by the Canadian pension fund which holds almost half its shares.
Indian reservoirs could host 280 GW of floating solar
At 58 GW, the state of Maharashtra has the greatest potential to generate solar energy through floating PV or ‘floatovoltaics,’ according to a study by The Energy and Resources Institute.
Assam retenders 100 MW grid-connected solar projects
Tariff ceiling is fixed at Rs 4 per unit for ground-mounted, grid-connected solar projects that will come up across four regions of the state. The projects are to be developed on build-own-operate basis for supply of power to Assam Power Distribution Company Limited for a period of 25 years. Bidding closes on February 21.
KPI Global bags 2.66 MW captive solar projects from textile customers
Having bagged 2.250 MW capacity in January, the Gujarat-based power generator has won four more solar projects—900 KW for JPB Fibers, 675 KW for N.J. Textile Industries, 135 KW for N.J. Texturisers and 950 KW for Sailaxmi Tex—aggregating to a capacity of 2.66 MW.
3 GW Indian solar projects at risk due to Coronavirus, says CRISIL
Delay in sourcing of PV modules from China can cause project cost and time overruns, inviting penalties for missing the commissioning date.
