Vaibhav Pratap Singh, senior analyst at the CEEW Centre for Energy Finance, tells pv magazine about the impact of the Covid-19 pandemic on the Indian solar sector, green finance and investment down the line.
The lobby group has asked the ministry that the interstate transmission charges waiver be extended to cover solar and wind projects that get commissioned up to December 31, 2023. It also recommended that the waiver be linked to bidding, allowing projects commissioned within 36 months from the award of contract to avail the exemption, even if they get commissioned beyond December 31, 2023.
India is running the world’s largest renewable energy expansion program with a mind-boggling target of 450 GW by 2030. Can the country with a growing energy demand do more than this? Can it do what developed countries should have done years ago?
The Maharashtra project is the developer’s second large-scale solar win this month following a 120 MW project in Gujarat. The electricity generated will be supplied to Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) under a 25-year power purchase agreement.
The overall energy outlay of Rs 6984.73 crore for the year 2020-21 is much lower than 2019-20’s revised estimate of Rs 11,639 crore.
The state cabinet has approved a 74:26 joint venture proposal by publicly-owned hydropower company THDC India and the Uttar Pradesh New and Renewable Energy Development Agency for the ambitious project.
Developers now have 14 more days to submit bids for 34 MW (AC) ground based, 32 MW (AC) over-burden dump based and 15 MW (AC) floating solar plants at Singareni Collieries Company Limited (SCCL) sites in Telangana state.
The integrated power producer’s renewable capacity will now swell to 3,457 MW. Of this, 2,637 MW (932 MW wind and 1705 MW solar) is operational and 820 MW solar (including the latest 120 MW won from Gujarat Urja Vikas Nigam Limited) under implementation.
Tariff ceiling is fixed at Rs 3.20/kWh for the ground-mounted projects that are to be set up on build-own-operate basis. July 24 is the last date to bid.
The state—which commissioned an aggregate 3530.74 MW solar capacity as of May 31, 2020—will set up the new plants to ensure nine hours of free power supply to the agriculture sector.
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