Solar power helps OFB cut electricity cost by around 70 per cent in 3 years
The Ordnance Factory Board (OFB) cut its cost of electricity consumption from Rs 463.22 lakh during 2015-16 to Rs 163.78 lakh during 2018-19, using solar power generated from grid-connected PV projects installed at its various units.
NTPC mulling solar power project without a power purchase agreement
With continuous decline in costs of solar power generation, the chorus for shortening the 25-year power purchase agreement (PPA) period is growing louder.
Bidding extended for Telangana solar tender
In the second amendment to the tender, the financial and technical criteria have been further relaxed and the bidding deadline extended from June 7 to June 10.
Waaree Energies commissions 49.5 MW in Vietnam
The Mumbai-based EPC contractor and module manufacturer expects its international business to account for more than 15% of its overall revenue. The company’s latest installation, in Vietnam, marks the completion of over 600 MW of solar EPC projects, with an additional 100 MW in its international pipeline.
MNRE invites gravity storage, solar-driven hydrogen production research proposals
The preliminary proposals must reach the ministry by June 30. These will be examined by a committee and the shortlisted parties will be invited to submit final proposal.
India leads the way as PV threatens coal-fired power
Falling PV panel prices led to notable year-on-year falls in the cost of developing solar plants around the world. India led the way with PV projects costing a weighted average of just $793/kW of capacity installed in 2018. Costs in China dipped to $879/kW last year, while solar projects in US and Australia cost $1,500.
SECI trims 100 MW Telangana solar project
The tendered solar PV capacity for state-owned coal mining company Singareni Collieries Company Limited (SCCL) is now revised to 90 MW (AC). Further, the commissioning period has been increased to 12 months.
Tata Power to develop 100 MW project at Gujarat’s Raghanesda Solar Park
The company’s renewable capacity under implementation has now swelled to 500 MW, which is in addition to the operating capacity of 2,268 MW.
Hindustan Petroleum tenders 1530 KW grid-connected solar capacity in 3 states
The ground-mounted solar PV plants are to be set up at the oil and natural gas company’s terminals in the states of Telangana (750 KW), Uttar Pradesh (550 KW) and Punjab (230 KW). Bidding closes on June 4.
Enertrag, Enel and Leclanché commission German storage project
With Leclanché due to open a module and battery pack assembly line in Gujarat alongside JV partner Exide Industries by the end of next month, the Swiss storage solutions company has been active nearer its home market.
