Adani Green Energy

The developer is reported to have exercised an option to double the 4 GW of solar generation capacity and 1 GW of cell and module production facilities it secured in the manufacturing-linked solar tender carried out by the Solar Energy Corporation of India in November.

The artificial intelligence powered inverter and PV management solution—which powers over 96% renewable capacity installed by Adani Green Energy—was also used for the 50 MW solar plant commissioned recently in Rajasthan.

India’s largest private-sector thermal power producer—which ranked as the sixth largest solar player globally in 2019—will invest over 70% of its budgeted Capex for the energy vertical into clean energy and energy-efficient systems to fuel its transformation.

Norwegian analyst Rystad Energy has predicted the stop on PV tenders in Karnataka will see Rajasthan become India’s leading solar state this year. The market research firm expects India to add only 10 GW new solar in 2020, however, and the same figure in 2021.

A new series of tweaks by the Solar Energy Corporation of India appear to have paid off, as the organization’s ambitious manufacturing-linked 7 GW solar tender has reportedly ended up oversubscribed by 1 GW.

The Chinese communications giant and inverter maker has signed an 860 MW contract with solar developer Adani Green Energy to supply its FusionSolar Smart PV Solution 6.0 with SUN2000-185KTL-INH0 inverter.

The purchased solar portfolio is relatively young with average remaining PPA life of around 22 years.

Adani Green Energy and ReNew Power made techno-commercial bids for 600 MW and 300 MW, respectively, leaving the tendered capacity undersubscribed by 300 MW.

Following a petition by National Solar Energy Federation of India (NSEFI), Tamil Nadu Electricity Regulatory Commission (TNERC) stated that the State Load Dispatch Centre (SLDC) cannot curtail renewable power at convenience.

Aggressive bidding secures price of Rs2.55 for U.S. company in a procurement exercise whose results are unlikely to see GUVNL throw its toys out of the pram.