Indian solar developers must capitalize on advances in resource risk management
For developers to close the emerging gap as the market becomes more competitive – and, crucially, build projects that perform to investors’ expectations in the long term – they need to not only develop better understanding of the factors influencing project performance but also take steps to adopt advances made in other established solar markets worldwide in the use of solar data.
Global investors bet on India’s renewable energy sector
A new report highlights key investors finding opportunity in India’s US$500-billion renewable energy infrastructure development and various factors driving these investments.
Assam tenders for 25 MW solar at a thermal power station
Bidders have until March 26 to lodge their interest for the installation and commissioning of the solar capacity at Namrup Thermal Power Station in the district Dibrugarh.
Sterling and Wilson Solar wins INR 930-crore order in Egypt
The Indian multinational player, which has a solar engineering, procurement and construction portfolio of more than 10.6 GWp globally, says the latest addition will be among Egypt’s largest PV projects.
Gujarat 700 MW award cancellation will impact solar investment
The state electricity regulator has passed the order in Gujarat Urja Vikas Nigam Ltd’s favor, allowing it to retender the 700 MW capacity to seek lower tariffs than the INR 2.78-2.81/kWh levels awarded to developers. Developers’ body says the move will impact investors’ sentiment as arranging finance starts soon after developers win a capacity.
Andhra Pradesh inching towards 10 GW solar for farming needs
The 6.4 GW auction success takes the state government closer to its 10 GW solar target to provide free, uninterrupted power supply to farmers during the daytime.
Bidding extended for 20 MW solar-plus-storage in Ladakh
The Solar Energy Corporation of India has issued amendments to the procurement and extended the bidding deadline by two weeks.
Virescent assigned provisional ‘AAA’ rating for its renewable energy InvIT
The renewable energy infrastructure investment trust (InvIT) proposed to be launched by KKR-backed Virescent Infrastructure aims to achieve approximately 1.5 GW of assets in the next three years. Its initial portfolio will comprise nine solar energy projects with an aggregate capacity of about 400 MWp.
Tamil Nadu could save INR 35,000 crore with shift from coal to renewables
A new report suggests that the State shut down 3.1 GW of old coal plants and replace the lost generation with renewables. It also advocates switching from expensive power (tariffs > INR 4/kWh) to renewable energy (which now costs INR 3/kWh or less) and halting the construction of new coal plants.
Ladakh to host 10 GW hybrid renewable power projects
Work is underway for the installation of 10 GW hybrid renewable power projects in the Indian Union Territory of Ladakh. Land identification and preparation of a detailed project report (DPR) for the necessary transmission infrastructure have already begun.
