The joint venture between Japanese majors Toshiba, Denso and Suzuki will make the investment in the Gujarat plant over the 2021-25 period, having pumped Rs12.5 billion into the first phase of development.
As Germany shuttered another of its nuclear power plants on New Year’s Day, Narendra Modi’s office was said to be considering a proposal which would make coal more competitive with renewables in India.
The company sold its 5.95% stake in Sembcorp Energy India—held through subsidiary Gayatri Energy Ventures—for Rs 4067.70 million.
Solar installations in year 2020 are set to exceed 10 GW after a year hit by political uncertainties, module price increases associated with safeguard duty and a fewer number of awarded tenders. The outlook for battery energy storage installations for solar projects, however, is bleak as such combinations in India can cost 3-5 times more in 2020 than standalone renewable projects.
pv magazine recently attended the opening ceremony of TBEA’s GW-class new energy equipment manufacturing base in Bangalore–the city that also hosted the recent Intersolar India exhibition and conference in the same week as TBEA’s inauguration ceremony.
As part of the transaction, both the parties have agreed to ensure that over 30% of the electricity supplied by Adani Electricity Mumbai Ltd will come from solar and wind power plants by the year 2023.
The project—located in Jodhpur district of Rajasthan—is being developed by the Indian developer’s special purpose vehicle Clean Solar Power (Jodhpur).
While stress in the renewable sector can only be averted if long-term viability of the project is intact, prevention of default due to issues temporary in nature is also the need of the hour—says a report by the ratings agency.
The investment raises CDPQ’s equity interest in Azure Power to 49.4% from 41.4%. The proceeds will be used by the developer to fund its current projects.
The revolving credit facility will help the Hyderabad headquartered distributed solar developer finance new projects as it looks to add about 250 MW of capacity this year.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.