Xinyi Solar has posted bullish annual figures on the back of an astonishing rebound in the global market following Covid travails at the start of 2020. There is one national market, however, which has not been invited to the party.
The development lender’s private-sector arm helped Indian commercial clean power company Continuum Green Energy raise $561 million to refinance its debts through the bond, on the Singapore exchange.
Work is underway for the installation of 10 GW hybrid renewable power projects in the Indian Union Territory of Ladakh. Land identification and preparation of a detailed project report (DPR) for the necessary transmission infrastructure have already begun.
The 452 kWp array features 1,300 photovoltaic panels across an acre of water split between two artificial lakes at the airport golf course.
The capacity addition during FY 2020-21’s first eight months ending November is 38% lower year-on-year as the pandemic-led disruptions constrained new project development.
The 2,000ha installation, which will surpass in scale a 150 MW plant in China’s Anhui province, will reportedly require a INR3,000 crore investment.
The intra-state transmission infrastructure is the weakest link in the grid. The introduction of competition from private players can help drive down construction costs and promote timely completion of projects, assisting the absorption of low-cost, domestic renewable energy generation.
The nation is already firmly positioned to lead the world in the clean energy revolution. Consolidating this position would unlock significant economic growth and competitiveness by attracting domestic and foreign investment, creating jobs, and improving public health.
The two newly introduced green contracts, daily and weekly, are in addition to already operational intra-day and day-ahead contingency contracts in the green market.
The Solar Energy Corporation of India has issued amendments to the procurement and extended the bidding deadline a second time.
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