KPI Global gets Rs 107.50-crore PFC loan for 35 MW solar projects
The Gujarat-based solar developer will use Rs 76 crore to finance a new 20 MW solar project at Bharuch and Rs 31.50 crore to refinance an existing 15 MW plant.
Battery manufacturing capacity set to increase fourfold to 1.3 TWh by 2030
Analysts at Wood Mackenzie have looked at plans for the incoming decade and concluded that about 119 manufacturing sites will be up and running by 2030. China currently sits firmly in the driving seat, with Asia Pacific comprising 80% of global manufacturing capacity, but Europe is catching up.
TERI, FTI Consulting partner on hydrogen roadmap research
The Indian energy thinktank and the US-based consulting firm will research to demonstrate the viability of hydrogen as a sustainable solution for India’s energy needs.
REIL seeks 600,000 multi-crystalline silicon solar cells
August 21 is the deadline to submit bids for supply of 4.50W (4-/5-busbar), 4.60W (5-busbar) and 4.67W (5-busbar) multi-crystalline solar cells. Only Indian manufacturers are eligible to participate.
NTPC 1.2 GW ISTS solar auction sees aggressive tariff of INR 2.43/kWh
Low solar tariff trends can be attributed to developers’ desperate attempt to take advantage of the current situation wherein only safeguard duty of 14.9% is applicable, according to JMK Research.
UK investor acquires two Acme Solar projects aggregating 400 MW
Private equity investor Actis has completed the acquisition of Haryana-based Acme Solar’s 400 MW PV assets in the states of Andhra Pradesh and Madhya Pradesh.
Early coal plant retirement first hurdle in reducing discom debt
The Indian power distribution sector needs bold policy choices such as the closure of old, inefficient coal-based power plants to improve its financial viability. Early retirement of expensive coal power contracts will result in significant savings for the states as they can contract cleaner, cheaper renewable power.
KFW offers Rs 600-crore loan for 125 MW Bengal solar park
The cash injection—for a 15-year term at 0.15% interest—will cover 80% of the overall solar project cost of Rs 750 crore.
BHEL seeks containerized PCUs for 20 MW NTPC solar plant in Gujarat
The scope of work for the successful bidder includes supply, installation, and commissioning of the supplied units at the project site. Bidding closes on August 17.
IoT startup Probus raises seed funding for smart grid platform
The startup—which has developed an Internet of Things (IoT) based service for power grid monitoring and automation—will use the amount to strengthen the software platform and expand the scale to different geographies.
