Domestic manufacturers have until November 19 to bid for supplying the mono-crystalline/mono PERC silicon solar modules rated for a peak power output of 380-390W each.
The two energy majors have come together for the generation and storage of renewable energy or other forms of energy, including gas-based power, primarily to power Indian Oil refineries or other installations.
State-owned hydropower producer THDC and the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) will develop the solar park in the Jhansi district of Uttar Pradesh through a joint venture with an equity participation ratio of 74:26.
The open-access solar project under group captive mode will supply power to one of the global pharmaceutical companies.
Virescent Infrastructure shall use the proceeds primarily to refinance special-purpose vehicle (SPV) level debt and fund future acquisitions.
The PV project, located in Parasan Solar Park of the Jalaun District, benefits from a 25-year power purchase agreement with the Uttar Pradesh New and Renewable Energy Development Agency at a tariff of INR 2.68/kWh.
The increase in the financial layout will help accommodate more manufacturers under the government’s production-linked incentives scheme to support gigawatt-scale manufacturing of high-efficiency solar modules.
The company’s board of directors have approved the formation of a wholly-owned subsidiary for solar PV, wind and hybrid power generation (including battery energy storage systems), green hydrogen, and other renewable energy ventures.
The Telangana based power distribution transformer manufacturer and installer had placed an INR 1,875 crore incentive bid to set up a fully integrated 4 GW polysilicon-to-module fab under government’s production-linked incentives scheme.
At the Renewable Leadership Summit 2021 held recently in New Delhi, Dinesh Jagdale, joint secretary, Ministry of New and Renewable Energy, also asserted the ministry is working on addressing stakeholders’ concerns to ensure the investments keep flowing into RE capacity expansion and equipment manufacturing. The Summit, organized by Solar Association, also saw Solis launch its new-generation PV plant monitoring platform and off-grid hybrid inverters.
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