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.
NTPC tenders for 735 MW solar project in Rajasthan
Bidders have until February 22 to lodge their interest to develop the PV capacity that shall come up in three blocks of 245 MW each at Nokh Solar Park.
Uttar Pradesh tenders for 275 MW grid-connected solar
Global bids are invited to build 275 MW of grid-connected solar capacity in Uttar Pradesh Solar Park. The projects are to be set up on a build-own-operate basis. The tariff ceiling is fixed at INR 3.25/kWh for the 25-year power purchase agreement duration.
Financing large scale renewables in emerging economies
pv magazine has taken part in a webinar examining the thorny issue of financing clean energy generation in developing markets.
Adani Green commissions 100 MW solar capacity in Uttar Pradesh
The solar capacity—comprising two plants of 50 MW each—were completed ahead of schedule despite adverse conditions amidst Covid-19. The plants benefit from 25-year power purchase agreements with Uttar Pradesh Power Corporation Limited, at INR 3.22/kWh and INR 3.19/kWh, respectively.
State power companies invited to develop 5 GW of solar
The PV projects—tendered under the Central Public Sector Undertaking scheme—will be entitled to government support through viability gap funding, with the level of VGF awarded determined by reverse-bidding auctions for the project capacity.
The long read: Compressed air storage to be more than just hot air in Israel
Solar-linked projects will be developed by domestic firm Augwind and will feature underground storage tanks. One of the systems will be built by French energy giant EDF and will feature a 20 MWh compressed air storage system and 5 MW solar array.
