To increase the share of renewable energy in its supply mix, Maharashtra has invited bids for 500 megawatt (MW) of solar power. State-run Maharashtra State Electricity Distribution Company (MSEDCL) will sign a 25-year power purchase agreement (PPA) with the lowest bidder participating in the auction. The latest tender follows the state inviting bids for 1,300 MW of […]
Andhra Pradesh, a major player in India’s renewable energy (RE) drive, has designed specific policies to attract green energy investments. It had about 8,723 megawatt (MW) of installed RE capacity till 30 April 2021, according to the latest status report by the state’s nodal agency for implementation of RE programmes, New and Renewable Energy Development […]
NTPC Renewable Energy, an arm of state-owned NTPC, has signed a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Ltd (GUVNL) to sell electricity from its 150 megawatt (MW) solar project. The project has set a tariff of Rs 2.20 per kilowatt-hour (kWh), for the sale of power, the company said in a statement. NTPC Renewable Energy […]
Dutch conglomerate and global leader in LPG distribution, SHV Energy has treaded into India’s solar energy space by acquiring a majority stake in Noida based SunSource Energy—a leading provider of distributed energy for commercial and industrial customers in India and South-East Asia. Though the exact value of the deal is not known, SHV Energy is […]
Ahmedabad-based Torrent Power Ltd will set up a 300 MW capacity solar power plant in Gujarat at an estimated cost of Rs 1,250 crore. In a statement, the firm said it has signed an power purchase agreement (PPA) to sell electricity generated at Rs 2.22 per unit for a period of 25 years. “Torrent Power Limited […]
Delhi-based Gautam Solar has put on stream additional module manufacturing capacity at its Haridwar facility, taking the total capacity to 250 megawatts (MW), from the existing 120 MW. The company said the expansion policy “aligns very well with the government’s decision to incentivise solar production in the country”. The announcement was made two weeks after […]
With economies of scale working better for the renewable energy sector, the falling unit costs of solar and wind energy will prove increasingly disruptive to the energy sector as a whole, a new report by Fitch Ratings said. Offshore wind energy has already led to a major transition in Europe, especially in Great Britain where […]
Ingka Group, the owner of most IKEA stores worldwide, agreed to buy a 49-percent stake in eight solar parks in Russia from Solar Systems LLC, marking its first investment in renewable energy in the country, according to a Reuters report. The total book value for the eight parks is more than 21 billion roubles ($272.16 million), […]
Gurugram-based Amplus Solar, Asia’s leading distributed energy company providing low carbon energy solutions to industrial and commercial customers, has bought 17 solar rooftop assets of Sterling and Wilson, adding 7.2 megawatt (MW). A part of the Petronas group of Malaysia, Amplus Solar already has 800 MW plus projects operational in the distributed solar segment and under construction […]
To reduce India’s import dependency, the Union Cabinet approved the Rs 4,500 crore solar production-linked incentive (PLI) scheme to boost the domestic manufacturing capacity. The government is scheduled to invite bids for the PLI scheme for solar module manufacturing in the next two weeks and beneficiaries will be identified in July, a Press Information Bureau […]
