CareEdge Ratings has analyzed the key drivers of rising PV module prices and the impact on projects in India. It has also assessed the tariffs expected in upcoming bids, to ensure that developers get the same returns they were previously getting.
Developer ReNew Power will invest INR 50,000 crore ($6.5 billion) in solar, wind, hybrid generation, battery storage, and green hydrogen projects over a period of seven years.
Chinese inverter maker Sungrow is supplying its SC2500UD power conversion system and ST2752UX liquid-cooled energy storage system to Tata Power Solar for an integrated battery energy storage project in Ladakh.
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Solar power generators have until May 30 to lodge their interest in supplying electricity to Kerala State Electricity Board on a short-term basis.
Mahindra Susten has switched on 175 MW (AC) of its 250 MW solar project in Bikaner district, Rajasthan. The massive installation, which uses bifacial modules, will supply electricity to Solar Energy Corp. of India over a period of 25 years at a price of INR 2.54 ($0.03)/kWh.
Gujarat State Electricity Corp. Ltd. (GSECL) is seeking contractors to install and commission 45 MW of grid-connected solar capacity in Bhavnagar district and 14 MW in Morbi, Gujarat.
Indian developer Greenko has begun construction of a hybrid energy storage project featuring 10.8 GWh of daily pumped storage, 3 GW of solar, and 550 MW of wind. It claims that it might be the world’s largest renewables-based storage project upon completion.
A new solar power plant in Madhya Pradesh – twice as big as the state’s 750 MW Rewa plant – will be developed on 2,800 hectares of land in the hills of Behrara Mata Temple, in Morena district. It is expected to be operational within a year.
Rays Experts has agreed to supply plug-and-play infrastructure for up to 3 GW of PV projects across 9,000 acres in Bikaner district, Rajasthan.
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