Bidders have until April 15 to lodge their interest in the grid-connected solar project, which must be commissioned within a year from the award of contract. Operation and maintenance of the plant for five years also falls under the bidder’s scope.
With Gujarat Urja Vikas Nigam Limited (GUVNL) as the offtaker, the project takes Tata Power’s cumulative solar capacity under development in Gujarat to 580 MW.
Following 75 MW solar assets in Telangana, Adani Green Energy has completed the acquisition of 20 MW PV assets in Uttar Pradesh for INR 133 crore.
The U.K.-based analyst has raised its outlook for new PV additions in 2021 by around 23 GW. Due to strong demand, leading module manufacturers are sold out for the first half of the year.
JMK Research analysts attribute the comparatively lower tariffs to good ratings of the Gujarat State Discom Gujarat Urja Vikas Nigam Limited, choice of project location for developers, and anticipation that mono PERC module prices would fall 10-15% by 2022.
The Mumbai-based investor has concluded acquiring a controlling stake in Engie’s 813 MWp operating solar capacity in India. It will also acquire 2 GW of solar assets to be developed by the French energy major over the next couple of years.
Bidders have until May 5 to lodge their interest for developing 100 MW of grid-connected solar capacity in the district Mirzapur.
Karnataka leads with 7355 MW of installed solar capacity. It is followed by Rajasthan (5473 MW) and Tamil Nadu (4404 MW).
The company attributes this milestone to many significant solar power projects that it won across India for its utility-scale SCADA and string monitoring solutions.
Adani Green Energy has signed an agreement with Sterling & Wilson to acquire its 75 MW of operating solar projects for around INR 446 crore. The projects are located in Telangana.
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