Avaada Energy has raised the funds from the Asian Development Bank and European development institutions. The PV developer will use the amount to finance 2.4 GW of the 5 GW of solar capacity it hopes to secure over the next two years.
The 300 MW solar plant at the Pavagada Solar Park, located in Tumkur district of Karnataka, is ReNew Power’s largest solar plant commissioned in terms of capacity till date. It is said to be the first utility-scale solar plant in India to use high-efficiency mono PERC solar modules.
Suzlon Energy is selling Shreyas Solarfarms and Aalok Solarfarms to Ostro Energy—a wholly owned subsidiary of independent power producer ReNew Power—for Rs 19.87 crore and Rs 9.93 crore, respectively.
ACME Solar installed the largest utility-scale solar capacity in 2018. It also had the largest project pipeline at the end of 2018, closely followed by SB Energy and Azure Power. While modules from China’s ZnShine were used the most, the imposition of the safeguard duty helped domestic manufacturers to capture a larger share of the market compared to 2017, according to clean energy consulting firm Mercom Communications.
An Indian non-profit and a global conservation charity have joined forces to bring solar lighting and heating to off-grid rural areas in Africa – and they are doing it with an army of middle-aged women: the ‘Solar Mamas’.
Infrastructure finance provider PTC India Financial Services (PFS) has partnered with U.S.-India Clean Energy Finance (USICEF) initiative to fund the most promising, investment-ready distributed solar projects in India.
A 10,000-liters-per-day plant in Tamil Nadu offers hope for powering clean water without fossil fuels. However, researchers warn the technology is difficult to scale up because PV panels take up so much space.
National Hydroelectric Power Corporation (NHPC) has invited online bids for development of 40 MW grid-connected crystalline PV solar power project in District Ganjam of Odisha. The project will be awarded through domestic competitive bidding followed by reverse action.
The rooftop solar solutions provider has bagged 11 MW of multiple new orders in Maharashtra and Rajasthan in last one month. These projects are getting executed in Pune, Ratnagiri, Baramati, Washim, Nanded and other cities in Maharashtra and Rajasthan.
Market-based scheduling will enable flexibility in grids to facilitate renewable energy generation. However, the framework proposed by Central Electricity Regulatory Commission (CERC) doesn’t indicate any change in the payments mechanism for renewable projects, says the ratings agency.
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