US investor KKR and Singapore’s GIC own 42% stake in Sterlite Power’s grid trust
KKR has also applied to become a co-sponsor of the power infrastructure investment trust and plans to acquire additional 15% stake in it. The deal marks KKR’s first infrastructure investment in Asia.
Tata Power added 200 MW renewables in FY 2018-19, another 400 MW in pipeline
The company has identified renewables, transmission and distribution, and value-added businesses such as rooftop solar, smart metering, electric vehicle (EV) charging stations and micro grids in rural areas as key growth areas.
Huawei remained world’s largest inverter provider in 2018
The Chinese string inverter giant was the world’s biggest supplier for the fourth year in a row, despite ceding 4% of its global market share, according to analyst Wood Mackenzie. Asia-Pacific was again the largest inverter market, accounting for 64% of global shipments.
Kolkata utility seeks 200 MW of solar power to meet RPO
The power company needs to secure PV energy for 11-18 hours per day this month and in September in order to meet its renewable purchase obligation. Solar energy from outside the state of West Bengal will be considered.
Gujarat re-tenders 700 MW of solar but response is lukewarm
Reduction in solar park charges was not enough to attract developers in the same numbers that flocked to a separate 500 MW exercise two months earlier. The Raghanesda Solar Park continues to be a headache after a previous attempt was cancelled because the tariffs were deemed too costly.
Interview: Damian Miller, CEO of rooftop solar supplier Orb Energy
Founded in 2006, Bengaluru-based Orb is a rooftop solar provider that manufactures panels and provides finance for SMEs through a collateral-free loan that matches the payback period for its solar systems. Orb has sold more than 160,000 units in India, with cumulative installations of around 65 MW of PV rooftop capacity.
Bidding extended for 40 MW solar projects at Uttarakhand dams
Bidding for 27 MW solar project at Haripura dam and 13 MW project at Tumariya dam could not be completed as scheduled due to implementation of code of conduct for General Elections Lok Sabha 2019. The revised bid submission deadline is now May 25.
Siemens Gamesa bags 250 MW solar EPC project from Sprng Energy
Spanish-German renewable energy developer Siemens Gamesa—which developed India’s first wind/solar hybrid plant—has commissioned over 400 MW solar capacity in India.
China confirms FIT level payments – but they will be ‘subject to competition’
The Beijing authorities have confirmed the payment levels to be made according to type of project and region from July onwards but an auction process will be involved so the figures are for guidance only. No decision has yet been made on the 30 GW of capacity added since the end of May.
Bharat Heavy Electricals to work with ARAI on e-mobility projects
Government-owned Bharat Heavy Electricals and the Automotive Research Association of India will combine their respective strengths in technology development and testing and certification to work on electric and trolley buses, EV chargers and battery and charger testing.
