Installations

The revolving credit facility will help the Hyderabad headquartered distributed solar developer finance new projects as it looks to add about 250 MW of capacity this year.

Developers have until December 30 to bid for the grid-connected plants that shall come up on the land within or around the premises of Maharashtra State Electricity Distribution Company Limited’s substations. The plants are to be developed on turnkey basis.

According to a new study by Finland’s LUT University, solar PV consumes between 2% and 15% of the water that coal and nuclear power plants use to produce just 1 MWh of output; for wind, this percentage ranges from 0.1% to 14%. Under the researchers’ best policy scenario, water consumption could be reduced by 75.1% by 2030, compared to 2015 levels.

Under KUSUM scheme, the state government will help farmers in setting up an aggregate 75 MW capacity of grid-connected solar plants—in capacities of up to 2 MW—on their barren or cultivable land.

The string of fires that shook up South Korea’s booming energy storage market throughout 2018 brought development to a screeching halt this year. Throughout the lackluster first half of 2019, manufacturers, installers and analysts remained cautiously hopeful that a government investigation into the fires might plant the seed for late-year market growth. However, another outbreak of fires in the months since the conclusion of the probe has shaken industry morale once again, snuffing out any lingering hopes for a quick recovery.

The NYSE-listed developer will set up a 500 MW cell and module production line as its manufacturing commitment under the SECI tender. The tender aimed to secure 2 GW of new annual manufacturing capacity by offering 7 GW of power project permits. Azure has an agreement with an Indian solar panel manufacturer to jointly establish the new production facilities with the developer holding a majority stake in the enterprise.

The minister’s statement comes at a time when analysts fear that potential disregard of past contractual agreements in Andhra Pradesh, along with the regular curtailment of renewable energy facilities and delayed payments to developers, may drive foreign investors away from India’s renewable energy sector.

The solar plants commissioned at Dibrugarh (Assam), Gaya (Bihar) and Gondia (Maharashtra) take the Kolkata based module manufacturer and EPC contractor’s cumulative airport project portfolio to more than 4 MW.

The Indian developer will hold majority 51% equity in the joint venture, while the balance will be held by GS E&C. The project is part of the capacity auctioned by Solar Energy Corporation of India (SECI) under its tranche-IV earlier this year.

The 923 MW grid-connected solar capacity—tendered under Central Public Sector Undertaking (CPSU) Scheme—is to be developed using only domestically manufactured solar cells and modules. Whereas, modules for the 500 MW project in Maharashtra can be procured from either domestic manufacturers, or imported.