Torrent Power acquires 50 MW solar plant from Canadian developer SkyPower
The solar plant, located in Telangana, benefits from a 25-year power purchase agreement (PPA) with the State discom at a fixed tariff of approx. INR 5.35/kWh. It has a remaining useful life of approx. 20 years.
India calls for credit guarantee fund to drive solar adoption in electricity-deprived regions globally
RK Singh, India’s power minister, and president of the International Solar Alliance (ISA) Assembly, called on nations to support solar investments in developing and under-developed regions, including Africa, through low-cost finance and credit guarantee fund.
India added a record 13.5 GW of solar and wind capacity in 2021-22
The nation installed 12,438 MW of solar (10,217 MW utility-scale and 2,221 MW rooftop) and 1,111 MW wind during the 12 months ending March 31, 2022. The record addition was mainly due to the completion of projects delayed from the previous year.
Irena fleshes out chilling effect of Covid on off-grid solar
The clean power numbers published annually by the International Renewable Energy Agency provide a snapshot of the global solar market and, this year, a lot of figures were unchanged from the previous dataset, especially in the off-grid segment.
ReNew Power selects Librestream’s augmented reality-enabled remote collaboration solution
Librestream’s Onsight solution provides a fully-collaborative environment between remote experts and field technicians, helping to resolve issues at the solar plants quickly and remotely.
Madhya Pradesh renewable energy capacity grew 32-fold in 12 years
The State has reached 5,152 MW of installed renewable energy capacity, including 2,444 MW of wind, 2,490 MW solar, 119 MW biomass, and 99 MW small hydropower.
GUVNL seeks 1 GW of solar power
Gujarat Urja Vikas Nigam Ltd (GUVNL) has issued a tender to procure up to 500 MW of solar power from non-park-based PV projects and an additional 500 MW under the Greenshoe option. Bidding closes on May 18.
THDC, Rajasthan government sign agreement for 10GW of solar parks
The State-run hydropower producer will develop 10 GW of solar park capacity in Rajasthan through a joint venture with Rajasthan Renewable Energy Limited (RRECL).
Bangladeshi fabrics maker invests in 100 MW solar plant
The solar park will sell power to the Bangladesh Power Development Board at a price of $0.1195/kWh under a 20-year power purchase agreement.
BlackRock, Mubadala to invest in Tata Power Renewables
Tata Power has raised INR 4,000 crore (US$ 525 million) from a consortium led by the world’s largest fund manager BlackRock Real Assets and Abu Dhabi sovereign wealth fund Mubadala Investment Company to fund the growth of its renewable energy business.
