Markets & Policy

PV plants should have a minimum generation capacity of 50 MW (AC) and offer power at a maximum price of Rs5/kWh.

With this, the NYSE-listed developer has been awarded 4 GW in total as part of an auction won in December, which is one of the largest solar projects ever awarded globally.

Rooftop solar is the obvious choice to save on electricity costs for businesses as they look to preserve capital and find ways to cut expenses post Covid-19. 

The Hyderabad-headquartered developer will utilize the debt funding towards construction of upcoming projects for its clients as it aims to add around 350 MW capacity across both open-access and distributed solar portfolios this fiscal year.

To support renewable energy integration, the government aims to make the thermal capacity flexible, almost 55% in the first stage and gradually extend it to the entire capacity.

The two entities shall form a joint venture to plan and develop an aggregate 500 MW of floating solar capacity in a phased manner, preferably in 50 MW packages, in the state.

The engineering, procurement and construction services contractor – which has a 1.2 GW module production facility near Kolkata – will establish a wafer, cell and module manufacturing site in Tamil Nadu under a five-year timescale.

The investigating arm of India’s commerce ministry has proposed continuing to apply the duty levied on solar cell imports from the east at a rate of 14.9% from July 30 and falling to 14.5% six months later.

The Haryana-based developer will invest Rs 1500-2000 crore in setting up the solar cell and module manufacturing facility, which will initially have a production capacity of 2 GW per annum.

This partnership with the government-backed infrastructure-specific investment fund will help NTPC raise capital as it aims for nearly 30 GW of overall power generation capacity from renewable energy sources by 2032.