Suzlon sells two solar arms to CLP India
Suzlon Energy sold to CLP Wind Farms its majority stakes in SE Solar and Gale Solarfarms for Rs 76.55 crore and Rs 22.54 crore, respectively. It had set up these subsidiaries, in partnership with CLP India, for a 100 MW solar project in Telangana and a 50 MW project in Maharashtra.
EXIM Bank to finance 35 MW solar projects in Congo
The Democratic Republic of the Congo will use the amount for installation of three solar PV power projects with a total capacity of 35 MW in the three provinces of Karawa, Mbandaka and Lusambo.
ADB to invest $50 million in solar project developer Avaada
With the current equity investment, Avaada—which has secured power purchase agreements of about 1,700 MW—is well funded to exceed capacity of 2 GW.
Solar Park Scheme changes set to drive up India solar power prices
The Ministry of New and Renewable Energy has addressed complaints by solar developers about a lack of power evacuation infrastructure by changing its solar park guidelines. Under the new rules, though, developers are likely to incur higher costs.
FAME-II: Inter-ministerial panel set up for electric mobility projects
The committee is constituted for overall monitoring, sanctioning and implementation of the scheme, according to an order of the Department of Heavy Industries.
2 GW solar with VGF support tendered for state-run power generators
As part of the viability gap funding scheme for 12 GW of new solar, SECI has invited bids for setting up of 2 GW of grid-connected solar PV projects. The projects, to be developed on ‘build, own, operate’ basis, can be located anywhere in India for self-use or use by government entities at maximum fixed tariffs of Rs 3.50/kWh. The deadline for bid submission is May 3.
The big read: Equipment suppliers’ solar storage synergy
As lithium-ion battery sales boom, suppliers of equipment for manufacturing photovoltaics are branching out into the storage industry. Are these ventures leading them to bankruptcy or to a breakthrough in storing solar energy?
Phase II rooftop solar will give a big push to reach 40 GW target: Tata Power CEO
The latest government initiative that offers central financial assistance for Group Housing Societies and Residential Welfare Associations would help better adoption of rooftop solar among residential power consumers, which account for only around 9% of the total rooftop solar systems installed in the country (against almost 70% by industrial and commercial users).
Phase II of Rooftop Solar Scheme approved
The President of India has sanctioned financial outlay of Rs 11,814 crore for phase II of grid-connected rooftop solar programme to achieve ‘40 GW by 2022’ target.
GST and safeguarding duty have driven up solar power costs nearly 6%
A study by the Council on Energy, Environment and Water claims the imposition of goods and services tax on PV projects, safeguarding duty on module imports and late payments from hard-up power distribution companies are all hindering Indian solar.
