India’s solar installations surpass 72 GW
India has installed an overall 72,018 MW of solar capacity as of Oct. 31, 2023. Grid-connected solar rooftops account for 15.38% of the cumulative installations.
SJVN wraps up 1.5 GW renewables, storage tender with $0.053/kWh tariff
Seven developers secured a cumulative 1.184 GW in SJVN auction for the supply of 1.5 GW of firm and dispatchable power. The winning developers will build renewable power projects supplemented with energy storage system to ensure the power supply.
India Ratings maintains stable outlook for solar projects in FY 2024
The significant fall in solar module prices over the last six months is positive for under-construction projects.
SJVN’s 1 GW Rajasthan solar project to supply 200 MW to Uttarakhand
SJVN has secured a Letter of Intent from Uttarakhand Power Corp. Ltd (UPCL) to purchase 200 MW of solar power from its 1 GW Bikaner project.
Consortium signs 25-year PPA for 1.1 GW of solar capacity in Saudi Arabia
Masdar, EDF Renewables and Nesma Company have signed a 25-year power purchase agreement (PPA) with Saudi Power Procurement Co. (SPPC) to develop the 1.1 GW Al Henakiyah Solar Project in Saudi Arabia.
Tata Power posts INR 1,017 crore profit in Q2 FY 2024
Tata Power clocked 16th consecutive quarter of net profit (profit after tax) growth with Q2 FY 2024 profit rising 9% YoY to INR 1,017 crore ($122.18 million).
Major U.S. solar developer announces recycling plans
EDF Renewables North America signs on with Solarcycle to recycle damaged or broken solar panels.
Avaada Energy wins 1.4 GW DC solar project from NHPC
Avaada Energy secured the 1.4 GW DC solar project by offering a competitive tariff of INR 2.53 ($0.0304) per kWh to NHPC.
Europe should produce its own green hydrogen
As the cost of generating clean energy continues to fall, producing green hydrogen in Europe, rather than importing it from Africa – with all the transport costs and raised carbon footprint that would entail – is beginning to look like an increasingly viable option.
Gujarat tenders 1 GW solar
Gujarat Urja Vikas Nigam Ltd (GUVNL) is accepting bids to develop up to 1 GW of solar PV projects (including 500 MW under greenshoe option) for power supply to the state discom. The projects are to be set up on a build-own-operate basis and can be located anywhere in India.
