Malaysian firm acquires 37.5% stake in Rising Sun Energy
Yinson will pay Rs 554 million (RM32 million) for the stake, and additional funding of Rs 600 million (RM35 million) to repay certain outstanding liabilities of the Indian independent power producer which has two plants in the massive Bhadla Solar Park.
GE T&D India to augment solar power evacuation in Rajasthan
The company has won an order from Power Grid Corporation of India Limited to install 765 KV gas-insulated substation bays at Phagi in Jaipur district. With this installation, the state will be able to evacuate around 1 GW of additional renewable energy from three solar parks at Bhadla, Fatehpur and Bikaner to various beneficiaries.
AIIB approves US$65 million for Hero Future’s 250 MW solar project
The project—located in Jodhpur district of Rajasthan—is being developed by the Indian developer’s special purpose vehicle Clean Solar Power (Jodhpur).
India touches solar power capacity of 32 GW
As of October 31, a cumulative renewable energy capacity of 83.38 GW was installed in the country, which included 31.69 GW from solar, 37.09 GW from wind, 9.95 GW from biomass and 4.65 GW from small hydro.
Ecoppia to deploy cloud-based robotic cleaners for over 400 MWp Fortum solar projects
The Israeli developer of module cleaning robots—which has secured over 7 GW of projects globally—will deploy its connected and water-free E4 solution for Fortum projects in Pavagada and Bhadla solar parks.
India to fall well short of 175 GW renewables target
A report by Indian ratings agency CRISIL points to a rising rate of tender failures, an inconsistent policy approach from central and state governments and restrictive solar energy tariff caps and says India could have just 104 GW of renewables capacity by 2022.
Azure Power commissions 150 MW project at the Bhadla Solar Park
The independent power producer now has 1.6 GW of operational solar assets. Other recently commissioned Azure projects include the final phase of a 260 MW solar project in Gujarat and a 100 MW facility in Karnataka.
Low tariff comes out of Rajasthan 750 MW auction
Record-setting Acme Solar has secured a third of the latest procurement exercise in the state with a lowest bid of Rs2.48/kWh. The tender was oversubscribed by more than 100% as offers came in for 1,620 MW of capacity.
A solar decade: From 9 MW to 28 GW
There is widespread doubt about whether India can achieve its 100 GW solar target by 2022 but, having started from a base of only 9 MW of capacity 10 years ago, it would be foolish to write off the prospects of this solar superpower.
Azure commissions 95 MW in Gujarat 5 months ahead of schedule
The 95 MW project is part of a broader 260 MW generation capacity allocation the IPP received from Gujarat Urja Vikas Nigam Ltd. Generated electricity will be sold through a PPA between Azure Power and Gujarat Urja Vikas Nigam Ltd., at a rate of INR 2.67, for a 25-year duration.
