Finance

Enel joins the Indian solar gold rush

The Italian utility, fresh from securing its first 300 MW of PV generation capacity in the recent, record-setting tender held by SECI, has teamed up with the state-owned Norwegian Investment Fund to commit to further clean energy facilities in India.

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BP commits $70m to UK-India green growth fund

The fossil fuel company will become a partner in the fund, which invests in clean energy projects.

UK investor NextEnergy acquires 27.4 MWp solar project in Odisha

The plant—constructed and operated by Germany-headquartered IBC Solar Energy—is NextEnergy’s first investment in India as part of its strategy to acquire ready-to-build or operational solar projects across high-growth international markets.

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India needs solar modules worth Rs 15,000 crore annually

The country—which meets over 80% of the solar module demand through imports—can turn the present crisis into an opportunity by ramping up domestic manufacturing with measures like fiscal incentives.

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Prioritising clean energy will be key to economic recovery

Cost savings associated with switching to least-cost energy solutions like wind and solar can be redeployed for economic recovery. At the same time, building resilience on fronts like energy system design and supply-chain management is crucial to deal with unexpected shocks and crises.

Post Covid support required for electric vehicles: FICCI

The industry body has recommended a series of measures including a continuation of FAME II Scheme to 2025, short-term booster incentives for consumers and support for in-house R&D to boost the electric vehicle sector. 

Italy’s Enel scores its first solar win in India

The renewable energy developer—which owns and operates 172 MW of wind capacity in India—has claimed its first solar tender win in the country with a SECI award for 300 MW power.

Solarpack reveals record-breaking solar plant will be in Rajasthan

The Spanish developer, which will sell solar energy at an Indian record low tariff of Rs2.36/kWh under a 25-year deal has spoken to pv magazine about the specifics of the landmark PV plant.

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India sets new record-low solar tariff of Rs2.36/kWh

The winning bid, for 300 MW of generation capacity by Spanish developer Solarpack in a 2 GW auction is 3.3% lower than the previous record of Rs2.44.

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Breaking News: Has India posted a new record low solar price?

A 2 GW tender conducted by the Solar Energy Corporation of India has reportedly concluded with prices of Rs2.36-2.38/kWh, according to a tweet which emerged this afternoon.

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