Solar, wind and hydro resilient during Covid-19 crisis
A study by the International Energy Agency into the chilling effect of the Covid-19 pandemic on energy demand states renewables will be ‘the only energy source likely to experience demand growth for the rest of 2020’. The slower the economic recovery, the more the fossil fuel industry will suffer.
LCOE from large scale PV fell 4% to $50 per megawatt-hour in six months
Analysts at Bloomberg New Energy Finance say the lowest-cost projects financed in Australia, China, Chile and the UAE in the last six months hit a levelized cost of energy of just $23-29/MWh and the best solar and wind projects will produce electricity for less than $20/MWh by 2030.
Indian solar generators largely unaffected amid Covid crisis, says Fitch Ratings
Liquidity of solar generators remains largely unaffected as they have been receiving payments from Discoms regularly. Azure and Adani Green Energy restricted groups, in particular, have comfortable liquidity position and will be able to meet their mandatory expenditure in the next six to 12 months.
Indian Railways tenders 1 GW of ground-mounted solar projects
Developers have until June 30 to lodge bids to develop plots of solar capacity across the national rail network paying no more than Rs2.71/kWh for the electricity generated under a 25-year contract.
US investor KKR to acquire 317 MWp of SP Infra solar assets
Marking its second infrastructure investment in India, KKR will acquire Mumbai-based Shapoorji Pallonji Infrastructure’s 169 MWp solar assets in Maharashtra and 148 MWp in Tamil Nadu for a sum of Rs 15.54 billion (approximately US$204 million).
NTPC 23 MW solar project: Bidding extended for inverter-transformer package
Bids can now be submitted till May 29 for supply and installation of the inverter-transformer package for the power generator’s Solapur solar project in the state of Maharashtra.
Covid-19 pandemic puts 150 GW of PV, wind at risk in Asia
Up to 150 GW of PV and wind projects could be postponed or canceled throughout the Asia-Pacific region by 2024 if the coronavirus-triggered recession continues beyond the current year, according to new research by Wood Mackenzie.
Mega-scale solar farms Vs distributed generation with battery storage
Distributed generation with battery storage can revolutionize solar development in India in the shortest time period with minimal investment.
NTPC tenders EPC work for 23 MW solar project in Maharashtra
June 3 is the last date to submit bids for installation and commissioning of the NTPC Solapur solar project tendered under the domestic content requirement category. Major items including modules and inverters for the project shall be provided by NTPC to the EPC contractor.
Covid-19 lockdown: MNRE relaxes commissioning time for solar projects
A blanket extension equivalent to the period of lockdown and additional 30 days for normalisation after the end of the lockdown is allowed for completion of solar projects.
