Gujarat’s 500 MW solar auction sees aggressive tariff of INR 2.20/kWh despite BCD impact
JMK Research analysts attribute the comparatively lower tariffs to good ratings of the Gujarat State Discom Gujarat Urja Vikas Nigam Limited, choice of project location for developers, and anticipation that mono PERC module prices would fall 10-15% by 2022.
Edelweiss Infrastructure acquires 74% stake in Engie’s India solar assets
The Mumbai-based investor has concluded acquiring a controlling stake in Engie’s 813 MWp operating solar capacity in India. It will also acquire 2 GW of solar assets to be developed by the French energy major over the next couple of years.
NHPC tenders 100 MW solar EPC work in Uttar Pradesh
Bidders have until May 5 to lodge their interest for developing 100 MW of grid-connected solar capacity in the district Mirzapur.
India reaches 39,104 MW of grid-connected solar
Karnataka leads with 7355 MW of installed solar capacity. It is followed by Rajasthan (5473 MW) and Tamil Nadu (4404 MW).
ABB hits 5GW milestone in delivering solar plant automation solutions in India
The company attributes this milestone to many significant solar power projects that it won across India for its utility-scale SCADA and string monitoring solutions.
Adani Green to buy Sterling & Wilson’s 75 MW Telangana solar assets
Adani Green Energy has signed an agreement with Sterling & Wilson to acquire its 75 MW of operating solar projects for around INR 446 crore. The projects are located in Telangana.
Solar tariff rise due to customs duty would cost to Discoms INR9 billion annually
India’s declining solar tariff trend will see a reversal as the basic customs duty comes into effect. According to India Ratings, tariffs will likely touch INR 2.43 when using imported solar modules with 40% duty applicable, putting an additional cost burden on Discoms.
‘Solar could supply half of a new 600 GW clean energy ambition’
U.S.-based researchers have modeled the costs of achieving 200 GW, 400 GW and 600 GW of renewables capacity in India this decade and concluded PV should supply no more than half of the generation facilities and policymakers should shift their focus to wind power.
Madha Infra bags INR 87-crore solar project in Gujarat
The Vadodara-based engineering, procurement and construction (EPC) contractor has been awarded a 20 MW grid-connected solar project by Gujarat State Electricity Corporation Limited (GSECL).
Uttar Pradesh tenders 75 MW grid-connected solar capacity
Global bids are invited to develop an aggregate 75 MW of grid-connected solar power projects with an upper tariff ceiling fixed at INR 3.00/kWh for the entire power purchase duration of 25 years. The projects are to be installed in the Uttar Pradesh Solar Park on a ‘build-own-operate’ basis.
