Finance

Indian researchers develop a mathematical method to choose the best PV technology in hot, dry areas

The proposed model is said to perform better at energy prediction than software tools such as PVWatts, PVSyst or RetScreen. The approach was validated on two 5 MW PV plants in the same district of the Indian state of Rajasthan.

India extends $35.8 million Line of Credit for solar-DG hybrid project in Suriname

The government of Suriname will use the amount for rural electrification through installation of solar-DG hybrid PV systems in 50 remote villages of the nation.

Corporate clean energy PPAs surge globally, but India sees a drop

Year 2019 saw some 19.5 GW of wind and solar energy contracted by corporations globally through power purchase agreements, up more than 40% from the previous year’s record. The bulk of this purchase occurred in the U.S. with tech companies and oil and gas majors leading the charge. India, however, saw a drop amid rollback of attractive policies, says a new report from BloombergNEF.

Togo selects NTPC as PMC for 300 MW solar project

With this, the West African nation becomes the first International Solar Alliance (ISA) member to avail services of NTPC. Presently, there are six programmes of the ISA to develop solar capacities in member countries, which include agricultural pumps, mini grids, rooftop solar, large-scale grid connected projects, etc.

Li-ion Gigafactories: Niti Aayog seeks cabinet nod for Rs 7 billion annual subsidy proposal

Already approved by the finance ministry, the proposal aims to woo investors into setting up manufacturing units in India and lower battery costs with indigenization of technology. An aggregate manufacturing capacity of 50 GWh is planned to be set up over a period of 10 years, which would require investments worth Rs 355 billion.

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European investor EQT and Singapore’s Temasek launch renewable energy JV in India

Led by Indian developer Renew Power’s former CEO Parag Sharma, the joint venture by these global investors aims to install over 4 GW of utility-scale capacity across solar and wind projects.

Engie sells controlling stake in 813 MW Indian solar portfolio

Mumbai investor Edelweiss Group will gain a controlling stake in the generation assets in a deal which Engie says will allow it to reduce its debt by Rs3,160 crore.

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DISCOM reforms, access to finance key to solar uptake

Power distribution reforms and scaling up of solar adoption among MSMEs through captive renewable energy policy and comprehensive Credit Guarantee Mechanism are among measures expected from the budget.

Maheswari Mining & Energy secures the largest slice of 97.5 MW rooftop solar

The developer won 9 MW under RESCO mode. Other major winners include SunSource with 8 MW, Ampsolar and Varp (5 MW each), and Hero Future and HFM Solar Power (4.075 MW each).

Budget 2020: TERI’s wishlist for solar, storage and more

Increased funding under the KUSUM Scheme to create further markets in farmland solar, viability gap funding to promote installation of grid-connected battery storage, and R&D support to zero-carbon technologies for cement and steel sectors would take India ahead on the green path—says the sustainability thinktank.

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