Insolation Energy director Vikas Jain told pv magazine about their plans to expand solar panel manufacturing capacity to 700 MW with the addition of a 500 MW facility. The new facility would be equipped to produce poly, mono, mono PERC, and bifacial panels with individual panel output up to 600 Wp.
The solar project, located in the Jaisalmer district of Rajasthan, benefits from a 25-year power purchase agreement with the Solar Energy Corporation of India. It shall supply the electricity generated to the state of Bihar at a tariff of INR 2.55/kWh (US$ 0.035).
The UK-headquartered steel major is mulling to set up a 4.5 GW solar park in Rajasthan with an investment of INR 19,000 crore. It also plans to invest in Gujarat’s solar energy, wind energy, and hydrogen gas production sectors.
The solar project, spanning 756 acres of land, was commissioned within the scheduled timeline despite the various challenges posed by Covid-19 pandemic.
UPC-AC Energy Solar, a joint venture of UPC Solar and AC Energy, has commissioned two solar farms aggregating to 210 MW (150 MW AC) capacity, including 140 MW (100 MW AC) in Rajasthan and 70 MW (50 MW AC) in Gujarat. It has a further 420 MW (300 MW AC) solar assets scheduled for construction in Madhya Pradesh as it aims for about 1 GW of operating PV capacity in India by 2023.
The Indian developer will build a 1,300 MW hybrid renewable energy capacity (900 MW wind plus 400 MW solar) supplemented with storage to ensure a round-the-clock supply. The project cost is estimated at approximately US$ 1.2 billion.
Italy’s Enel Green Power is developing the solar project in the Bikaner district of Rajasthan. The total project cost is approximately US$200 million.
The sharp-edged angles at a solar installation site in Rajasthan injured a camel so severely that it bled to death.
The latest transaction follows MUFG’s commitment to the debt funding facility for Adani Green’s under-construction hybrid portfolio of solar and wind projects in Rajasthan.