The impact of electricity rules amendment on rooftop solar sector
The amendment to Electricity (Rights of Consumers) Rules, 2020 provides multiple options in addition to net metering, which will balance out the concerns of all the stakeholders.
Torrent Power acquires 50 MW solar assets from Lightsource BP
The PV plant is situated in the Solapur district of Maharashtra. It benefits from a 25-year power purchase agreement with Solar Energy Corporation of India Limited at a fixed tariff of INR4.43 per unit.
ABC Renewable signs 380 MW solar-wind PPA with SECI
With this power purchase agreement, ABC Renewable, a joint venture between Canadian asset manager Brookfield and clean energy firm Axis Energy Ventures India, has enhanced its RE portfolio to 1,080 MW comprising solar and solar-wind hybrid projects.
SECI to issue 2 GWh energy storage system tender by August end
The Solar Energy Corporation of India (SECI) shall sign a 25-year power purchase agreement with the successful bidders for these energy storage system projects. The projects are to be set up on a build-own-operate basis.
AIIB approves US$50 million for Enel Green’s 300 MW solar project
Italy’s Enel Green Power is developing the solar project in the Bikaner district of Rajasthan. The total project cost is approximately US$200 million.
SECI tenders 1.2 GW solar in Karnataka
Developers have until September 3 to bid for the solar projects to be set up on a build-own-operate basis in Karnataka.
SECI tenders 100 MW solar in Chhattisgarh
Bidders have until September 9 to lodge their interest in engineering, procurement, and construction of a 100 MW solar project. The responsibility for the land arrangement lies with the installer.
NCRTC to use blended renewable energy for its high-speed rail corridor
The National Capital Region Transport Corporation has signed a memorandum of understanding with the Solar Energy Corporation of India to arrange blended renewable energy, including solar power, for the Delhi-Ghaziabad-Meerut Corridor.
Acme retracts decision to abandon 600 MW solar in Rajasthan
A fresh petition filed with the regulator Central Electricity Regulatory Commission (CERC) shows the clean energy developer is not seeking discharge from the 2×300 MW solar project won at an INR 2.44/kWh (US$ 0.033/kWh) tariff in 2018.
Electricity derivatives will offer power offtake certainty for renewable investors
An Institute for Energy Economics and Financial Analysis (IEEFA) report says the sale of power in the futures market will benefit renewable energy developers and distribution companies alike.
