Rays Power Infra to build 500 MW solar park in Rajasthan
The engineering, procurement and construction company has signed a Memorandum of Understanding (MoU) with the Rajasthan government to build a solar park for generating 500 MW of green electricity in the State.
Solar remains energy of choice for lenders
In 2020, 74% of the value of the energy project loans (US$4,435 million) went to renewables (solar and wind) and 26% to coal. Solar PV accounted for 81% of renewable energy deals and 57% of all deals.
Adani Green Energy signs 4,667 MW of solar PPA with SECI
With this, the developer has signed the power purchase agreement for 5,534 MW out of the total 8 GW capacity won in the manufacturing linked solar tender by the Solar Energy Corporation of India.
Ayana Renewable completes acquisition of 250 MW PV assets from Acme Solar
The solar assets, located in the Jodhpur district of Rajasthan, benefit from a long-term power purchase agreement (PPA) with the State discom Maharashtra State Electricity Distribution Company Ltd (MSEDCL).
Keppel Corporation-led consortium to acquire majority stake in Cleantech Solar
Cleantech Solar has over 600 MWp of solar portfolio across India and Southeast Asia and aims to achieve a cumulative generation capacity of 3 GW over the next five years.
Waaree Renewable awarded 140 MW DC solar project in Gujarat
The company’s scope of work includes engineering, procurement, and construction of the solar plant.
Storing solar power with compressed carbon dioxide
An Italian company has developed a system that can store energy from wind, solar and grid electricity by compressing and using CO2 without any emissions. The system draws CO2 from an inflatable atmospheric gas holder, stores it, and uses it to produce power again, when demand for stored energy arises.
NSEFI writes to law minister on solar tariff renegotiation in Punjab
The industry body wrote the State’s new bill to redetermine solar tariffs will render the already operating projects unviable and power producers will find it difficult to repay their loans. It sought the law minister’s intervention in highlighting their concerns to the President with whom the Bill is presently pending approval.
India has reached 46,247 MW of installed solar capacity as of October 31
Rajasthan (8,644 MW), Karnataka (7,483 MW), and Gujarat (6,052 MW) lead in solar installations.
India’s clean power target will double electricity supply economically if low-cost storage is deployed
Berkeley Lab report finds historic lows in clean energy prices position India to transform electric system
