NLC India issues tenders for Andaman storage project, $394 million in finance for 709 MW Tamil Nadu PV project
Neyveli Lignite Corporation India Ltd (NLCIL) has re-tendered the 2 x 10 MW grid-connected solar PV power project with the reduced 8 MWh battery energy storage capacity. It has also invited bids to lend INR 25.52 billion ($394 million) in finance required for the proposed 709 MW solar project in Tamil Nadu state.
The recent trade conflicts will reduce India’s total solar installed capacity to 6 GW in 2018
According to the Bridge to India’s ‘India Solar Compass’ report, the total capacity addition in 2017 was 9,255 MW, up 94% over 2016. However, Q4 2017 was slow in terms of project commissioning with only 1,503 MW of utility scale projects being commissioned. Moreover, the execution costs have shot up by about 18% in just six months.
600 MW now in operation at 2 GW Pavagada Solar Park in Karnataka
Karnataka’s Chief Minister Siddaramaiah inaugurated the Pavagada Solar Park in Karnataka last week.
Microsoft to power its new Bengaluru office using solar
Microsoft has purchased 3 MW of solar generation capacity from a solar developer, Atria Power. This will cover 80% of the projected electricity requires at the new facility.
GCF grants $100 million to NABARD for rooftop solar in India
Green Climate Fund (GCF) has approved the National Bank for Agriculture and Rural Development (NABARD)’s proposal of Line of credit for solar rooftop segment for commercial, industrial and residential housing sectors in India. This is the first ever project in India approved by GCF.
NTPC bids for 500 MW solar plant in Oman
National Thermal Power Corporation (NTPC) Ltd, has bid for 500 MW solar power plant tendered by the Oman Power and Water Procurement Company, which will be located in Ibri, 300 km west of capital city of Muscat.
President of France to inaugurate 75 MW solar plant in Uttar Pradesh
According to reports, French President Emmanuel Macron will inaugurate the 75 MW solar PV power plant, located in Mirzapur, Uttar Pradesh on March 12. The plant is developed by the French company, Engie Solar.
Avaada Power to develop 500 MW solar, investing $526 million in Andhra Pradesh
In a recent investor summit of Andhra Pradesh, Avaada Power has inked a $526 million contract with the state government of Andhra Pradesh to develop 500 MW solar capacities in the state.
SECI tenders 3 GW ISTS connected solar power projects
Solar Energy Corporation of India (SECI) has invited bids for selection of solar power developers for setting up of 3 GW Interstate Transmission System (ISTS) connected solar power projects under global competitive bidding. Out of its 20 GW tender plan for the 2017-18 fiscal year, approximately 11 GW has already been tendered.
Municipal bonds may help India get close to its 40 GW rooftop solar target
Although the development of rooftop solar is not progressing in India as planned by the government, a group of international experts is suggesting to use municipal financing to raise debt availability, and to reduce PV system costs.
