Sunseap announces 2.2 GW floating PV project at Indonesian water reservoir
If built, the project would be the world’s largest floating PV power plant and would reach the same capacity as the largest ground-mounted facility currently in operation.
NTPC wins 325 MW of solar projects in Madhya Pradesh
The state-run producer has secured two projects of 220 MW and 105 MW at the Shajapur Solar Park, at a tariff of INR 2.33/kWh (US$ 0.031/kWh) and INR 2.35/kWh (US$ 0.032/kWh), respectively.
GameChange Solar to set up India operations
The New York-headquartered solar racking solutions provider is opening an India office with an eye on business development, engineering, and manufacturing support. The company has more than 12 GW of projects either operating or under development across the world.
AIIB approves US$50 million for Enel Green’s 300 MW solar project
Italy’s Enel Green Power is developing the solar project in the Bikaner district of Rajasthan. The total project cost is approximately US$200 million.
One Nation, One Grid, One Price
The Indian power sector is set for a revolution with the proposed market-based economic dispatch (MBED) mechanism. MBED aims to establish a uniform pricing framework that prioritizes the least cost and most efficient generators while backing down more expensive ones, thereby creating a national merit order.
India’s renewable energy subsidies fell nearly 45% since their FY 2017 peak
A new report finds that renewable energy subsidies in India fell by 45% from INR 15,470 crore (US$2074 million) in the fiscal year (FY) 2017 to INR 8,577 crore (US$1150 million) in FY 2020.
Electricity demand in India to grow at 6% in FY2022
Ratings agency ICRA maintains a negative outlook for thermal power generation despite a rise in electricity demand. The thermal plant load factor will remain subdued at 57%. The gap between the average cost of supply and the average tariff for discoms is estimated at 70-75 paise per unit for FY2022.
SECI tenders 1.2 GW solar in Karnataka
Developers have until September 3 to bid for the solar projects to be set up on a build-own-operate basis in Karnataka.
IndiGrid acquires 100 MW solar assets from Fotowatio Renewable
With this, India Grid Trust (IndiGrid) has become the first infrastructure investment trust in India to acquire renewable energy assets. The acquisition of 100 MW solar assets from the Spanish developer was done at an enterprise value of INR 6.6 billion.
Earth sciences ministry revisiting weather forecast approach to suit solar sector needs
The Ministry of Earth Sciences will strengthen meteorological forecasting activities in sync with the demands of the solar and wind energy sector stakeholders. It is already working on a five-year (2021-26) plan, said M. Rajeevan, Secretary, MoES, at a virtual workshop conducted recently.
