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.
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.
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.
The Directorate-General of Trade Remedies has called a meeting of concerned parties as it considers whether to extend the duty on solar cells.
After a 285 MW award from Togo, this is the second such overseas contract for the state-owned power producer which aims to anchor 10 GW of solar parks in ISA member countries over two years.
Vaibhav Pratap Singh, senior analyst at the CEEW Centre for Energy Finance, tells pv magazine about the impact of the Covid-19 pandemic on the Indian solar sector, green finance and investment down the line.
The industry needs to cut a dependence on electric vehicle battery imports from China, according to the road transport minister, who said the government is looking to support research into alternatives to lithium-ion technology.
The overall energy outlay of Rs 6984.73 crore for the year 2020-21 is much lower than 2019-20’s revised estimate of Rs 11,639 crore.
The state cabinet has approved a 74:26 joint venture proposal by publicly-owned hydropower company THDC India and the Uttar Pradesh New and Renewable Energy Development Agency for the ambitious project.
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