The move is aimed at identifying chunks of land for solar plants and solar parks as the State government looks into the possibility of developing more capacity in the state and further increasing its ‘37.5 GW by 2024-25’ renewable energy generation target.
The analyst also forecasts strong growth for the storage business and a significant increase in PPAs for photovoltaic projects in Europe. It also said the newly installed PV capacity for 2021 reached 183 GW.
The budget presented today by finance minister Nirmala Sitharaman allocates an extra INR19,500 crore (US$2,602 million) to the production-linked incentive scheme for solar and notifies basic customs duty of 40% on foreign-made solar modules and 25% on cells, from April.
The Chinese manufacturer will supply its 3.125 MW central inverter solution SG3125HV for the 75 MW solar power project being set up by state-owned hydropower producer SJVN Limited.
Gujarat State Electricity Corporation Limited has invited bids to set up an aggregate 166 MW of grid-connected solar plants in Gujarat. The plants shall come up at locations around GETCO substations in Kutchh, Morbi, and Surendranagar districts. Bidding closes on February 25.
The Chinese solar manufacturer has signed a deal with Indian developer Clean Solar Power to supply 250 MW of BIPRO series bifacial modules for a solar project in Rajasthan.
Philippines-based AC Energy and Hong Kong-headquartered UPC Renewables’ solar energy arm are jointly building a 300 MWac (420 MWp) solar farm in Madhya Pradesh. The plant, when completed, will be the joint venture’s third and largest solar project in India to date.
India could employ one million new workers through the deployment of 339 GW of wind and grid-connected solar systems (utility-scale solar and rooftop solar) between FY2021-22 and FY2029-30 if the nation were to meet its 500 GW non-fossil capacity target. The bulk of the new jobs would be created by small projects like roof-top solar and mini and microgrids.
Bidders have until March 4 to lodge their interest for the solar projects to be developed anywhere in India.
The State-owned hydropower producer will set up grid-connected solar power plants in the state and sell the electricity generated at an INR 3.11/kWh tariff under a 25-year PPA with the State Discoms.
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