News

Essel in talks with Adani for solar assets sale

Following UK-based private equity investor Actis dropping the purchase plan, debt-laden Essel Infraprojects is reportedly negotiating the deal with Adani Group for Rs 1,800-2,000 crore.

NTPC tenders 160 MW solar project in Rajasthan

A requirement for domestic-only solar modules has been lifted in the latest solar tender by the Indian power giant. Interested bidders have until next Wednesday to get their submissions in.

Uttar Pradesh sets 2% solar RPO target for this year

The state figure is applied on top of a larger, non-solar RPO requirement plus solar and non-solar mandates which were set at a national level by the Ministry of Power last week.

EESL tenders 100 MW solar in 3 states, plans 200 MW rooftop in Maharashtra

India’s Energy Efficiency Services Ltd (EESL) has invited bids from domestic and international players for setting up of small grid-interactive solar plants ranging from 500 KW to 2 MW at lands of state-owned utilities. The cumulative capacity, to be installed in turnkey mode, is 40 MW for Maharashtra and Andhra Pradesh each and 20 MW for Jharkhand. The state-run energy service company is also mulling to install an aggregate 200 MW of grid-connected solar rooftop across 5,000 state-owned buildings in Maharashtra.

Andhra Pradesh tenders 10 MW solar-wind hybrid project

Developers can establish more generation capacity on the site if possible but must not fall short of 8 MW, according to the tender document. A pre bid meeting is due to be held tomorrow.

Government prepares new payment security mechanism for developers — four months after the last one

Solar Energy Corporation of India was given a Rs 500 crore cash pot to help developers in February, but that clearly wasn’t enough, as a second newly announced scheme underscores just how much financial distress the country’s state power companies are in.

Another bidding extension for IGL’s solar-plus-battery tender

Bidders can now lodge their interest until July 1 and are required to submit any amendments, signed and stamped, along with the bid.

BHEL wins Rs 800 crore EPC orders for 200 MW solar power plants

The state-owned engineering major will set up a floating solar plant at NTPC Ramagundam in Telangana and a ground-mounted plant at Raghanesda Ultra Mega Solar Park in Gujarat, with a capacity of 100 MW each.

The long read: China’s battery boom

The global energy storage market is poised to grow rapidly in the coming years, with Bloomberg New Energy Finance (BNEF) predicting $620 billion in investment over the next two decades will push cumulative global installations to 942 GW/2,857 GWh by 2040. Declining lithium-ion battery costs are driving much of this growth, with BNEF expecting the cost of utility-scale storage systems to fall roughly 52% through 2030, following an approximate 80% slide in the average price of lithium-ion battery packs in the first seven years of the current decade.

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Uttarakhand floats global tender for 40 MW grid connected solar projects

The Irrigation Department of Uttarakhand, in Dehradun, has re-tendered a 27 MW solar project at the Haripura Dam and a 13 MW installation at the Tumariya Dam in the Udham Singh Nagar district. The project will now be awarded through tariff-based competitive bidding.

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