The PV project, located in Parasan Solar Park of the Jalaun District, benefits from a 25-year power purchase agreement with the Uttar Pradesh New and Renewable Energy Development Agency at a tariff of INR 2.68/kWh.
The company’s board of directors have approved the formation of a wholly-owned subsidiary for solar PV, wind and hybrid power generation (including battery energy storage systems), green hydrogen, and other renewable energy ventures.
At the Renewable Leadership Summit 2021 held recently in New Delhi, Dinesh Jagdale, joint secretary, Ministry of New and Renewable Energy, also asserted the ministry is working on addressing stakeholders’ concerns to ensure the investments keep flowing into RE capacity expansion and equipment manufacturing. The Summit, organized by Solar Association, also saw Solis launch its new-generation PV plant monitoring platform and off-grid hybrid inverters.
The renewable energy developer had an operational capacity of 5,410 MW (4,763 MW solar and 647 MW wind) as of September 30.
The median plant load factors in the key solar power generating states remained largely stable varying between 17% and 20% across states, depending on the plant location and DC-AC ratio.
The International Solar Alliance is an international intergovernmental treaty-based organization headquartered in India that aims to reduce the cost of solar technology and mobilize finance to accelerate solar adoption in its member countries.
We all should envisage a society in which everyone, including individuals and businesses, operate carbon neutrally, i.e., all entities reduce their carbon footprint by adopting sustainable practices.
The advisory committee will guide the International Solar Alliance on meeting its objective of mobilizing US$ 1 trillion investment in solar energy by 2030. Committee members include representatives from leading institutional investor like Africa50, CDPQ Global, IFC, the Development Bank of Southern Africa, Capricorn Investment Group, and Temasek.
Developers now have until November 30 to bid for a cumulative 200 MW of grid-connected solar power projects to be developed in UP Solar Park located at Kanpur Dehat and Jalaun districts.
The ministry of New and Renewable Energy has empowered the Dispute Resolution Committee to look into commissioning extension requests for solar projects that are due for delivery before April 1 next year.
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