Virescent acquires 55 MWp of operating solar assets from Focal Energy
The acquisition is in line with Virescent’s strategy to acquire operational renewable energy assets that have stable long-term cashflows with government counterparties across India.
Over 90% of India’s solar and wind projects received investment-grade ratings in 2020
An analysis by the CEEW Centre for Energy Finance reveals that India’s renewable energy sector has made significant progress on the back of policies that have helped mitigate several risks for solar and wind project investors.
Ayana Renewable Power commissions 150 MW solar in Rajasthan
The Bengaluru-based renewable energy developer has commissioned part capacity of its 300 MW solar project in Bikaner.
Puffer fish inspired floating PV structure
With a new system for floating photovoltaic power plants, engineers from Germany want to make the application cheaper, higher-yielding, and safer. The result is somewhat reminiscent of a pufferfish, which also gave the system its name.
Record solar numbers expected this year but IEA highlights pricing concern
The Paris-based body expects the world will have installed almost 160 GW of solar this year, a record number, but still not enough to keep the prospect of a net zero global economy by mid century in sight.
Gujarat tops in approved capacity under government’s solar park scheme
The State accounts for 38% (14,375 MW) of the overall PV capacity (37,771 MW) sanctioned under the government’s scheme for “Development of Solar Parks and Ultra-Mega Solar Power Projects.”
Tata Power awarded India’s largest solar and battery storage project
Tata Power Solar has secured the engineering, procurement, and construction contract for a 100 MW solar field with a 120 MWh battery. The project, awarded by the Solar Energy Corporation of India, will be in Chhattisgarh.
IREDA, BVFCL sign MoU on renewable energy and green hydrogen
The Indian Renewable Energy Development Agency Ltd (IREDA) shall provide its techno-financial expertise to help Brahmaputra Valley Fertilizer Corporation Limited develop renewable energy, green hydrogen, green ammonia, and energy efficiency and conservation projects.
Hindustan Salts Limited tenders 5 GW of solar in Rajasthan and Gujarat
The State-owned salt producer has invited developers to build and operate an aggregate 5 GW of solar capacity on its disused land in the Indian States of Rajasthan (4 GW) and Gujarat (1 GW). The developer shall pay to Hindustan Salts a fixed annual rental for the land provided on a per acre basis. Developers have until December 13 to lodge their interest.
India added 2 GW of utility-scale solar in Q3 CY2021
JMK Research analysts expect the solar installation activity to further pick up in the fourth quarter. They estimate around 3.5 GW of new utility-scale solar capacity and 1 GW of hybrid capacity addition in the October-November-December period.
