With the latest acquisition, the total operating renewable portfolio of the joint venture between Adani Green Energy and the French oil and gas major has reached 2,353 MW.
The solar manufacturer will expand its annual encapsulant manufacturing capacity by 1.35 GW and backsheet production by 1 GW.
The purchased solar portfolio is relatively young, with average remaining power purchase agreement life of around 21 years.
Covid-19 hits to demand and bill payment collection have worsened the plight of the nation’s already debt-crippled power distribution companies, prompting the government to order an exceptional relaxation of lending limits.
Developers have until August 29 to submit bids for the installation of grid-connected rooftop solar plants on selected government buildings of Belagavi Smart City.
This marks the first such acquisition for the Bengaluru-based developer as it looks to acquire high-quality operating renewable assets to ensure a balanced risk portfolio.
The 15 MW wind-solar project—set up in captive mode—will meet close to 70% of Cargill’s Davangere facility’s electricity needs.
Indian scientists have developed a hybrid production method combining metal mesh and a metal-oxide layer over a glass substrate which they say brings down production cost by 80% compared to the tin-doped, indium oxide-based technology currently in use.
The electricity generated from the ‘Capex’ mode solar project shall be used to support the HAL office infrastructure. Commissioning period is three months.
The Bengaluru-based solar module manufacturer, which has a state-of-the-art facility with capacity of 150 MW per annum, had closed the operation of its units since March 24 after the government announced lockdown to contain Covid-19 spread.
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