Reaffirming Indian government’s commitment to promote renewable energy, Interim Finance Minister Piyush Goyal laid emphasis on the need for increased use of electric vehicles and new-age energy solutions. He also highlighted that the Indian government would meet its target of universal household electrification by the end of March 2019.
Suzlon has sold its majority stake in subsidiary Prathamesh Solarfarms for Rs 57.09 crore. It had set up the subsidiary, in partnership with Ostro Energy, for a 50 MW solar project at Wanaparthy in Telangana.
India’s Solar Energy Corporation of India (SECI) has tendered 1.5 GW worth of solar cell and module manufacturing capacity linked to ISTS connected solar PV power plants for an aggregate capacity of 3 GW. The plants are to be developed on ‘build own operate’ basis. The maximum tariff payable to the project developers has been fixed at Rs 2.75/kWh for 25 years.
The President of India has sanctioned implementation of viability gap funding for setting up of 1 GW grid-connected solar PV power projects in North Eastern states including Sikkim. The funding has been approved as a subset of the existing scheme for setting up of 5 GW grid connected solar PV power projects with viability gap funding under Batch IV Phase II of Jawaharlal Nehru National Solar Mission.
A week after rejecting the sole bid received from Azure Power, India has trimmed the size of its first ever manufacturing-linked solar tender by more than two-thirds.
The Renewable Energy Project Development Office is tendering seven large-scale IPP solar projects. The exercise is part of Round 2 of the Saudi National Renewable program, which is expected to allocate almost 2.2 GW of PV capacity this year.
The irrigation department of the state of Uttarakhand has invited bids for setting up of 40.84 MW solar PV project at Haripura (27.34 MW) and Tumariya (13.50 MW) dams in district Udham Singh Nagar. The projects are to be built under build-own-operate-transfer model. The deadline for bid submission is February 15. Technical bids will be opened on February 18, while the date for opening of financial bids will intimated in due course.
Solar-wind and wind-only projects will be set up in centralized renewable energy parks along the lines of successful solar installations to keep power evacuation simple, under the terms of the state’s new land policy.
State-owned NLC India Ltd – formerly the Neyveli Lignite Corporation – has signed a memorandum of understanding with the government of Tamil Nadu to set up a 1 GW solar project in the state.
Prices ranging from Rs2.84-2.89 have been deemed too costly by the state as the foreign developers who posted the lowest bids blamed high charges at the Raghanesda Solar Park where the projects had to be based.
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