Union Bank of India, Tata Power partner on low-cost finance for MSME rooftop solar
Union Bank of India will provide a low-cost loan with nil or minimum collateral to finance MSME rooftop PV projects executed by Tata Power Solar.
BCD pass-through to benefit up to 6 GW of solar projects
Tariffs will rise by 50-70 paise/kWh for up to 6 GW of solar projects as developers are allowed to pass on the impact of basic customs duty on cells and modules under ‘change-in-law’.
SunSource doubles its solar energy target to 1 GW by 2027
The distributed solar solutions provider will be supported by a strengthened local management team to meet its installed PV target of 1 GW.
Ernst & Young again ranks India as world’s most attractive solar market
India is the top market for solar investment, according to the latest edition of Ernst & Young’s renewables attractiveness index. Spain, Germany and the United States are the top three markets for corporate power purchase agreements (PPAs).
Waaree Renewable posts 864% Y-o-Y growth in H1 net profit
The company reported a net profit after tax of INR 18.08 crore ($2.23 million) in the half year ended September 30, 2022, an 864% growth over INR 1.88 crore recorded during the same period in the previous year.
Saatvik Solar secures 4 MW module order for PV projects at thermal power plants
Saatvik Solar will supply 4 MW of mono PERC modules to Bharat Heavy Electricals Ltd for PV projects at two thermal power plants in Uttar Pradesh.
Maharashtra tenders 230 MW of distributed solar
Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) has started accepting bids to develop grid-connected, ground-mounted solar plants, ranging in size from 2 MW to 10 MW, in various districts of Maharashtra. The ceiling tariff is fixed at INR 3.30 ($0.041)/kWh, with bidding scheduled to close on December 16.
NLC extends bidding for 300 MW of solar in Rajasthan
Bids can now be submitted until December 2 to install and commission 300 MW of solar projects at Barsingar in the Bikaner region.
HEG unveils plans to build $247 million Li-ion anode plant
The LNJ Bhilwara group company is venturing into the production of graphite anode for lithium-ion batteries. It expects the first part capacity of its Li-ion anode plant to become operational by 2025 with an investment of INR 1,000 crore ($124 million).
Serentica Renewables signs 1.5 GWh storage deal with Greenko
Serentica Renewables will source 1.5 GWh of pumped-hydro storage capacity from Greenko’s upcoming projects in Andhra Pradesh and Madhya Pradesh, to provide firm power to its industrial off-takers.
