Covid-19 impact: Acme Solar wants to abandon record-low solar price tariff
The developer wants to cancel the power purchase agreement it signed in 2018 for a 600 MW project awarded at a tariff of Rs2.44/kWh, as it fears Covid-19-affected commissioning of the project will stretch beyond the six-month extension from the scheduled date enshrined in the agreement.
Another bidding extension for SCCL’s 81 MW solar projects
Developers now have one extra month to submit bids for 34 MW (AC) ground based, 32 MW (AC) over-burden dump based and 15 MW (AC) floating solar plants at Singareni Collieries Company Limited (SCCL) sites in Telangana state.
India’s renewables-plus-storage tenders mark a new beginning with highly competitive tariffs: NSEFI
The recently concluded 400 MW renewables auction to supply 24-hour electricity saw winning bid of INR2.90/kWh—a new milestone after peak+off-peak tariff of INR4.07 was achieved in January’s 1.2 GW auction demanding assured power supply during peak demand hours.
Renew Power wins 400 MW ‘round-the-clock’ renewables auction at Rs2.90/kWh
The developer can opt for solar, wind or an hybrid facility alongside an energy storage system to ensure 24-hour power supply.
Indian solar generators largely unaffected amid Covid crisis, says Fitch Ratings
Liquidity of solar generators remains largely unaffected as they have been receiving payments from Discoms regularly. Azure and Adani Green Energy restricted groups, in particular, have comfortable liquidity position and will be able to meet their mandatory expenditure in the next six to 12 months.
Mega-scale solar farms Vs distributed generation with battery storage
Distributed generation with battery storage can revolutionize solar development in India in the shortest time period with minimal investment.
MNRE backs multi-pronged approach to support solar sector
The Indian government is working on the creation of a Rs 10,000 crore (US$1.3 billion) alternative investment fund to provide payments to PV developers.
Adani Green Energy arm commissions 50 MW solar plant in Rajasthan
An aggregate 2198 MW AC of solar capacity is now operational by the developer which aims to become the world’s largest solar player by 2025.
SECI invites queries online as pre-bid meetings get cancelled
Prospective bidders for 34 MW solar project in Telangana and 14 MW solar plus storage project in Ladakh have been asked to submit any queries online as pre-bid meetings get cancelled due to Covid-19 lockdown. Further, bidding deadline for Ladakh project has been revised to June 1.
Pumped electricity storage makes a comeback in India, and the world is taking note
India’s energy storage juggernaut is on a roll with the country discovering the cheapest renewables cum storage tariff in history, anywhere in the world. The technology chosen is pumped storage. And by setting up an enabling environment, the government has signalled its commitment to boosting the market!
