Singaporean Sembcorp will invest Rs 5169 million in India arm to push renewables growth
After Singapore, India is the second largest revenue generator for the integrated energy player. In year 2018, it earned overall revenues of S$11,634 million (Rs 587 billion), of which S$1685 million (Rs 85 billion) came from power business of Sembcorp Energy India Limited.
NLC India commissions 63 MW solar capacity in Tamil Nadu
The state-owned power generator has commissioned 63 MW capacity out of the 100 MW solar PV power plant in Tirunelveli district, with Tamil Nadu Generation and Distribution Corporation (TANGEDCO) as the beneficiary.
EDEN Renewables seals power supply agreements for 716 MW of new solar capacity
The deals will pave the way for four new solar parks that are set to be commissioned towards the end of next year.
Economic Survey calls for $330 billion investment in renewables
The annual report has placed EVs at the heart of India’s decarbonization and called for an Indian answer to the U.S. ‘Motor City’ of Detroit, where electric vehicles and the batteries to run them could be manufactured.
‘Anti-dumping duty on coated steel will impede solar growth’
Citing the risk to solar projects, lobby group the National Solar Energy Federation Of India has asked the Ministry of New and Renewable Energy to exclude flat steel products coated with alloy of aluminum and zinc from anti-dumping duty.
Gujarat targets 30 GW of renewable capacity by 2022
Long regarded as a solar pioneer, the state has now announced grand plans to shoulder the burden of 17% of the nation’s clean energy ambition as India races to install 175 GW of clean energy capacity in just three-and-a-half years.
Another 1.2 GW tender, with Madhya Pradesh as delivery point
Unlike the other, India-wide 1.2 GW tender, rolled out simultaneously, the delivery point for these projects should be chosen from designated inter-state transmission system substations in Madhya Pradesh.
Andhra Pradesh government to reduce payments negotiated under existing power deals
The state government will defy a ministerial order not to renegotiate signed deals after leadership of the legislative assembly changed hands in May’s elections. Consultancy Bridge to India says the contracts are legally binding but the move will shake investor confidence nevertheless.
SECI tenders further 1.2 GW of solar across India
The Solar Energy Corporation of India has invited bids to set up 1.2 GW of grid-connected solar under the fifth phase of its national interstate transmission system program. The projects – to be established on a build, own, operate basis – will be awarded through e-bidding and a reverse auction with a tariff ceiling of Rs2.65/kWh. Bidding closes on July 31.
EU and India step up cooperation on solar parks
The European Union and India’s Ministry of New and Renewable Energy have jointly launched standard operation procedures and monitoring tool for Indian solar parks. While the procedures will help to ensure consistency of standards across solar parks, the online monitoring tool will allow better tracking of the solar parks development and operation.
