According to the reports, Gurugram based developer ReNew Power Ventures has paid 40% in equity and the rest in debt for acquiring Actis LLP-backed Ostro Energy. With this acquisition, now ReNew Power’s combined renewable portfolio stands at 5.6 GW.
In a recent auction of 500 MW solar PV in the state of Gujarat, solar tariffs have increased to INR 2.98 ($0.046)/kWh, as quoted by state-owned Gujarat State Electricity Corporation (GSEC) Ltd. The reason for the increased tariff rate is cited as pertaining to the uncertainties created by upcoming duties.
In an exclusive interview, Adani Green Energy Ltd (AGEL) CEO, Jayant Parimal, tells pv magazine the renewable energy company is looking to to expand both its module and cell manufacturing facility to 2 GW capacity. Moreover, it is also looking to develop floating solar PV projects in its home market, India, in addition to continuing its focus on the utility-scale solar and wind sectors.
Central Electronics Limited (CEL) has announced a 120 MW solar PV tender for the installation of various projects ranging from 500 kW to 3 MW in size. CEL has simultaneously released three more tenders related to solar cells and 100 kW PV installations on railway coaches.
Tata Power Renewable Energy Ltd. has installed 25 MW part of Gujarat solar park. The PPA is signed with SECI at the rate of INR 4.43 ($0.068)/kWh. The company was also awarded for early commissioning of 100 MW solar plant in Karnataka.
The Indian energy solution provider Jakson is making an INR 7 billion ($0.11 billion) investment to build 1 GW of solar module manufacturing capacity and a 250 MW solar cell manufacturing plant in Gujarat.
The power developer has installed 40 MW in Gujarat and 100 MW in Maharashtra under VGF scheme and will receive power tariff of INR 4.43 ($0.07)/kWh for the next 25 years.
Indian company Gujarat Borosil claims to have developed the world’s first 2mm fully tempered solar glass for glass-glass solar modules.
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