Fenice Investment Group will subscribe to compulsorily convertible preference shares (CCPS) of SILRES Energy Solutions at Rs 10 per CCPS. The investment is expected to complete by May 25.
Marking its second infrastructure investment in India, KKR will acquire Mumbai-based Shapoorji Pallonji Infrastructure’s 169 MWp solar assets in Maharashtra and 148 MWp in Tamil Nadu for a sum of Rs 15.54 billion (approximately US$204 million).
Over 21.6% or 3 GW of solar and wind installations will get delayed due to supply and labour disruptions caused by the ongoing Covid-19 lockdown, according to the analysts which in a January report forecast the country to add over 15 GW of renewable capacity this year.
Fuel cell systems provide sustainable electricity using hydrogen gas without the need of grid power as required by conventional battery backup systems, making them highly useful for applications like Emergency Operation Centres which need to respond immediately during an emergency situation with state-of-the-art communication systems.
Following a 20 MW floating solar project in Uttar Pradesh last month, Larsen & Toubro has won an order to design and construct a 50 MW solar plant in Tamil Nadu.
Having touched 1404 MW of renewable capacity as on January 31, 2020, the state-owned producer aims to add further 2847 MW to reach 4251 MW (4 GW from solar and 251 MW wind) by 2025.
Scientists in India have tested a new inverter topology with a single-phase, induction-motor water pump. The seven-level inverter, with five power semiconductor switches, is said to be particularly efficient at reducing switching losses thanks to a pulse width modulation technique.
Capacity additions for the current fiscal year are set to exceed the previous accounting period’s 8,532 MW. With Rs405 billion invested in clean energy in the last fiscal year, spending in the first nine months of 2019-20 has been estimated at Rs367 billion.
The Chennai Metro Rail Limited seeks to procure 90 million units/annum of solar or solar-wind hybrid power, or 72 million units/annum of wind power through tariff based competitive bidding. Tariff ceiling is fixed at Rs 3.50/KWh for 25 years. Bidding closes on February 13.
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