Tata Power Solar announced that it has bagged an order worth Rs 1,200 crore from state-run power giant NTPC for setting up of 320 MW ground mounted solar project. Tata Power Solar, India’s largest integrated solar company and a wholly-owned subsidiary of Tata Power, has received a “Letter of Award (LoA)” to build 320 MW of ground […]
The southern Indian state of Andhra Pradesh, a major producer of renewable energy (RE), which had an installed capacity of 8,421 megawatt (MW) till 31 December 2020, has released feasibility reports of five project sites for setting up ultra-mega solar power parks under its renewable energy export policy announced in July 2020. The RE export policy, which […]
Adani Green Energy (AGEL) said that French energy giant Total SA will acquire 20% minority interest in the company from Adani Group. The deal, valued at around $2 billion, will also provide Total a seat on the board of directors of AGEL. The transaction follows Total investing $ 510 million in April 2020 for the acquisition […]
Cochin International Airport Ltd (CIAL) has commissioned two floating solar power plants in Kerala, one of the biggest in the state with a capacity of 452-kilowatt hour (KWh). As the world’s first solar-powered airport in 2015, CIAL current milestone is to sustain the entire airport’s power usage by green energy. With the installation of the plants […]
The latest rules regarding the consumer rights laid down by the Union power ministry is likely to impede the pace of capacity addition of the rooftop solar in the country. The amendments made by the Ministry of Power purports to disincentivise commercial and industrial users from installing such power generation capacities in their premises. While […]
India’s solar sector attracted global corporate investment of $14.5 billion in 2020, a 24 percent jump from $11.7 billion raised in 2019, clean energy communications and consulting firm Mercom Capital Group said in its annual report on funding and merger and acquisition in the sector. Despite the uncertainties caused by the Covid-19 pandemic translating to […]
India’s total renewable energy portfolio of installed and in-pipeline projects has crossed 220 GW, significantly higher than the Modi government’s target of installing a green energy capacity of 175 GW by 2020. Earlier in 2015, the government had committed to installing green energy capacity of 100 GW from solar, 60 GW from wind, 10 GW […]
The Kerala government has agreed to buy 200 megawatt (MW) solar power from the 12,000 MW capacity being built under the manufacturing-linked solar scheme for which the Solar Energy Corporation of India (SECI) has been struggling to find buyers. Under the scheme, the tariff for the solar power will be Rs 2.92 per unit, much […]
The latest solar auction has discovered a tariff of Rs 1.99 per unit, a new low. The lowest tariff found previously was Rs 2 per unit in the November auction. Power from these solar units will be bought by Gujarat, reports Financial Express. According to sources reported by Financial Express, state-run NTPC, Torrent Power, Saudi Arabia-based Al […]
Government schools in Delhi are eyeing substantial income, apart from significant reduction in electricity bills, as they start earning money by selling electricity generated by the rooftop solar systems installed on their buildings, reports Financial Express. Under the Centre’s scheme for government building solarisation, the Delhi government has developed over 21 mega-watt (MW) of solar […]