Markets & Policy

CLP India acquired Mahindra Renewables’ complete stake in Divine Solren for Rs 124.47 crore. Divine Solren is a special purpose vehicle formed by the Mahindra group to set up a 50 MW solar plant in Adilabad district of Telangana. The plant was commissioned in 2017.

Central Electronics limited—India’s first silicon PV manufacturer—is looking to utilize its expertise and technical competency to ramp up the production of ICU ventilators in the country’s fight against Covid-19 pandemic. The public sector unit has invited global bids from ventilator manufacturers to select partners for production.

The financial lender will now oversee the implementation of the second phase of the Central Public Sector Undertaking (CPSU) Scheme which provides viability gap funding (VGF) support for state-run generators to set up 12 GW of solar projects using domestically-made equipment by FY 2022-23.

Given the close links between energy and economy, an impact analysis is needed to evaluate the sector and initiate suitable measures against unusual circumstances. Government policy thinktank NITI Aayog is working on a roadmap to improve energy data management system for India. The centralized energy data unit will host all demand and consumption data related to all forms of energy, which can be used by researchers, policymakers and business strategy formulators alike.

Due to temporary disruptions caused by Covid-19 epidemic and the current lockdown, the Ministry of New and Renewable Energy (MNRE) has notified six months extension in the effective dates for the Approved List of Models and Manufacturers (ALMM). The list is now set to apply from the end of September 2020.

Japan-based Hitachi will buy an 80.1% per cent stake in the Swiss major’s power grids business in a deal that values its grid business at US$ 11 billion.

Pinaki Bhattacharyya, Amp Energy India MD and CEO, speaks to pv magazine about the impact of Covid-19 pandemic on the solar industry and the ways in which the government can build a positive sentiment in the industry.

Over 21.6% or 3 GW of solar and wind installations will get delayed due to supply and labour disruptions caused by the ongoing Covid-19 lockdown, according to the analysts which in a January report forecast the country to add over 15 GW of renewable capacity this year.

The clarification came after States reacted wrongly to the power ministry’s recent order providing a moratorium on conventional power payments and started stopping payments or curtailing renewable power.

Interested solar EPC contractors can now submit expressions of interest till April 30 to get empaneled with the state-owned Central Electronics Limited.