The latest addition has swelled Tata Power Solar’s pipeline to around 2.8 GW projects with an approximate value of INR 13,000 crore (US$ 1783 million).
Adani Enterprises, which already controls Mundra Solar PV, has acquired a 74% stake in PV cells and modules manufacturing business Mundra Solar Energy through its subsidiary. The move will bring synergy in the company’s solar manufacturing operations and solidify its position in this space.
The vertically integrated factory, located in the Dholera Special Industrial Region, will produce 2 GW of mono PERC solar cells and modules annually. Production is expected to start from the next fiscal year.
The government of India has recognized the manufacturer for the development and commercialization of 2mm thick fully-tempered solar glass, Selene anti-glare solar glass, and Shakti solar glass in matt-matt finish.
US investor KKR-backed Virescent Infrastructure has acquired Singapore-based Sindicatum Group’s operating solar assets in three Indian states. The acquired PV projects benefit from long-term power purchase agreements with government counterparties.
The Surat-based solar manufacturer has completed the supply of an aggregate 71,690 quantity of 335Wp polycrystalline solar panels to a textile company LS Mills.
Gujarat-based solar developer KPI Global has received a letter of intent from Anupam Rasayan India to execute a 12.5 MW solar project under captive power producer category.
The U.S. Trade and Development Agency (USTDA) is funding the 300MW wind-solar-storage project as part of its mission to promote sustainable infrastructure projects in partner countries like India.
In its maiden venture into solar power generation, state-run Coal India Limited will set up a 100 MW plant and sell the electricity produced to Gujarat Urja Vikas Nigam Ltd for 25 years.
The integrated power producer will sell solar power from the Gujarat plant to its licensed distribution business unit at an INR 2.22/kWh tariff.
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