India’s Exide Industries Limited and Switzerland-based Leclanché S.A. have announced a 75%-25% joint venture (JV) under which lithium-ion (Li-ion) cells, modules and battery packs will be manufactured in the state of Gujarat.
Waaree Energies has set up a 1 GW solar PV panel plant in Vapi, which is in addition to its existing 500 MW plant in Surat, Gujarat. The company intends to further increase capacity to 2 GW. Among other key developments, it has partnered with third-party equipment suppliers to manufacture batteries
With this investment, the company plans to more than double its manufacturing capacity of tempered solar glass from 180 tonnes per day to 400 tonnes by 2020. Currently, it meets 30% of India’s demand for solar glass. With the expansion, it aims to become the market leader by catering to about 60-70%.
The first order for installing a 20 MW PV power plant has been placed by Gujarat Alkalies and Chemicals Limited (GACL), while the other, for a 10 MW PV power plant, has been received from the Gujarat State Fertilizers and Chemicals Limited (GSFC). Both of the solar PV power plants will be installed at the Gujarat Solar Park in Charanka, Gujarat.
The 5 GW PV park, planned for the Dholera Special Investment Region of Gujarat, will become the world’s largest project of its kind, when complete. It is expected to attract an investment of US$3.7 billion and generate employment for more than 20,000 people, says Jai Prakash Shivahare, managing director at Dholera Industrial City Development Limited. He takes time out to speak to pv magazine about the mega solar project.
The Gujarat state government has approved a 5 GW solar PV park, to be located in the Dholera Special Investment Region. The development of what will become the world’s largest such project when complete, is seen as “crucial” on the back of Bangladesh’s recent interest to procure 2 GW of solar energy from India.
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.
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