Torrent Power completes the acquisition of 50MW solar plant from Lightsource bp and UKCI
The PV plant, situated in Maharashtra, is owned and operated by Lightsource BP’s renewable energy arm Lightsource Renewable Energy (India) in finance partnership with UK government-funded green investment platform UKCI.
Solar sector’s response to Covid
The COVID-19 outbreak impacted the solar industry in terms of cash flow, payment collection from distribution businesses, working capital needs, workforce availability, and, most critically, supply chain availability. The government’s response to this situation was mainly positive.
Nextracker unveils new tracker for sloping ground
The NX Horizon-XTR tracker can be used with all types of modules and is claimed to be an ideal solution for sloping, uneven, and demanding terrain.
Adani Green raises US$ 288 million for under-construction renewable energy projects
The developer shall use the senior debt facility to initially finance its 450MW hybrid portfolio of solar and wind renewable projects in the Indian state of Rajasthan.
India and Japan to cooperate on solar power, clean hydrogen and electric vehicles
Under their clean energy partnership, both countries also agreed to cooperate in the disposal, recycling, and reclamation of valuable materials from batteries, solar panels, turbine blades, and electronics.
NLC tenders EPC work for 100MW solar
Bidders have until April 8 to lodge their interest in setting up a 100MW (AC) interstate transmission system (ISTS) connected solar power project anywhere in India.
Fortum wins 200MW solar project in Gujarat
The solar project shall benefit from a 25-year power purchase agreement (PPA) with the state discom Gujarat Urja Vikas Nigam Limited at a fixed tariff of INR 2.29/kWh.
AP High Court order upholding the sanctity of solar PPAs a positive news but timely implementation remains critical, says ICRA
In the matter of power purchase agreement (PPA) tariff renegotiation, the high court of Andhra Pradesh has directed the state discoms to honor the PPA terms and clear the pending payments to solar and wind power developers within six weeks from the date of the order. The incremental impact on power purchase cost for the AP discoms is estimated at about INR 10,500 crore, due to the build-up of dues arising out of the difference between the PPA rate and interim rate over the last three-year period.
European investor ThomasLloyd gets government approval for SolarArise acquisition
Delhi-based SolarArise India Projects, an investee company of ThomasLloyd, owns seven solar power projects with a cumulative capacity of 434MW in India.
Solar plants under threat from hostilities in Ukraine
Trade body the Ukrainian Association of Renewable Energy says more than 70% of the nation’s solar fields are either in, or near regions which have been affected by the fighting.
