KKR’s India platform will acquire operating renewables assets
Headquartered in Mumbai, Virescent Infrastructure owns 169 MWp of solar assets in Maharashtra and 148 MWp in Tamil Nadu.
Wood Mackenzie expects Indian solar installations to drop 42% this year
The global newly installed PV capacity for this year would be around 115 GW–5% more than that of 2019 despite the Covid-19 crisis. India will add just 4.9 GW due to strong Covid measures taken.
It’s cheaper to build new solar than it is to operate coal plants
New analysis released by Lazard compares the levelized cost of energy for various generation technologies on a $/MWh basis and shows that renewables, specifically utility-scale solar and wind, are the economic frontrunners.
Six Indian firms among top 36 in solar developer ranking
Acme Solar ranks eighth with 2.556 GW of cumulative generation capacity to date, and Adani Green Energy (2.421 GW) ninth in the list, which has First Solar and Canadian Solar on top. Azure Power, Tata Power, Greenko Energy and NTPC are the other Indian developers among the top 36.
India added 883 MW of rooftop solar in nine months despite Covid-19
With 380 MW of generation capacity, Gujarat accounted for 43% of new rooftop solar installations during the January-to-September period.
NHPC mulling 600 MW solar park in Deoria, Uttar Pradesh
The state-owned hydropower producer recently met PV developers represented by the National Solar Energy Federation of India to discuss the project’s technical feasibility on an island.
One-month bidding extension for 100 MW solar-plus-storage in Chattisgarh
Bidders now have until November 27 to submit bids for developing the ground-mounted, grid-connected project in turnkey mode.
String monitoring boxes sought for 20 MW NTPC solar project
State-owned engineering major Bharat Heavy Electricals Ltd (BHEL) has retendered supply of string monitoring boxes with wireless communication for NTPC’s 20 MW solar project at Gandhar in Gujarat. Bidding closes on October 27.
Indexed renewable energy tariffs could save discoms up to INR 21,880 crore over five years
A joint report by the Institute for Energy Economics and Financial Analysis (Ieefa) and the CEEW-Centre for Energy Finance (CEF) has recommended indexed tariff structure over flat rate for future renewable capacity, with front-ending tariffs as low as INR 2/kWh, to ease near-term financial pressure on discoms.
NHDC seeks supplier for up to 350 MW of solar modules
The state-run hydropower company is targeting 340-350 MW of generation capacity in the 1.5 GW tender being held by SECI and state utility Madhya Pradesh Urja Vikash Nigam Limited. NHDC has opened a global tender to seek a panel supplier.
