The Indian developer has a cumulative 4.8 GWp solar portfolio, including 2.2 GWp operational and another 2.6 GWp under-construction projects. It will use the proceeds from the green bonds to finance twelve of its solar assets in India.
The Indian multinational, which has 11.4 GWp of solar EPC portfolio and 8.1 GWp operations and maintenance, aims to use its project management skills and strong stakeholder relationships to become a global leader in the future energy market.
With this power purchase agreement, ABC Renewable, a joint venture between Canadian asset manager Brookfield and clean energy firm Axis Energy Ventures India, has enhanced its RE portfolio to 1,080 MW comprising solar and solar-wind hybrid projects.
The PV mounting system was developed by Germany-based Goldbeck and will initially be available in the Netherlands from 2022. The company will test the new technology in a 45 MW PV project.
The captive solar plant will quadruple Mahindra & Mahindra’s renewable energy share from 12% to 56% in Maharashtra. It shall be developed by ReNew Power arm on a build-own-operate basis.
The Coal India Limited arm plans a 40MW ground-mounted, grid-connected solar power plant initially as it eyes an overall 142 MW PV capacity in three years.
The Haryana-based developer secured the solar power project from the Maharashtra utility at a tariff of INR 2.43/ kWh (US$0.033). The project will likely be located in Gujarat or Rajasthan. It shall use mono PERC modules produced from ReNew Power’s upcoming 2 GW factory in Gujarat.
The Indian developer will use the 3DExperience virtual platform to manage its utility-scale solar, wind, and hybrid energy projects more efficiently. The platform enables users to track the progress of multiple complex projects, quickly act on insights and ensure best-in-class delivery.
India has installed 42.3 GW of cumulative grid-connected solar capacity, with additions led by Karnataka (7,409 MW), Rajasthan (6,581 MW), and Gujarat (5,132 MW).