India’s ministry of new and renewable energy (MNRE) has amended the guidelines for implementation of Central Public Sector Undertaking (CPSU) scheme phase-II for setting up 12,000 megawatt (MW) grid-connected solar projects with viability gap funding (VGF). VGF is a one-time or deferred grant, provided to support infrastructure projects that are socially and environmentally justified but fall […]
JSW Renew Energy Ltd, a wholly-owned subsidiary of JSW Future Energy Ltd, has signed a power purchase agreement (PPA) for the supply of 540 megawatts (MW) blended wind power capacity. According to a company statement, this is the single largest PPA for wind/blended wind power capacity awarded to any company and this will mark JSW’s […]
India’s top 10 large-scale project developers can be credited for installing 69 percent of the projects, according to a recently released report by Mercom Communications India. Large-scale solar installations in 2020 amounted to 78 percent of the total solar installations of 2.5 gigawatts (GW), the report said. Also solar accounted for 48 per cent of […]
India’s Ministry of New and Renewable Energy (MNRE) has released guidelines for the production-linked incentive (PLI) scheme in an effort to encourage domestic manufacturing of high-efficiency solar PV modules and reduce import dependence. In November 2020, the government had approved and allocated an amount of Rs 4,500 crore to be spent over a period of five years on […]
Renew Power has signed a $7.6 million deal with Israel-based Airtouch Solar for deploying water-free robotic cleaning systems at three of its upcoming solar power plants in Rajasthan. The robotic cleaning systems will be provided by Airtouch’s production plant in Israel and the company’s manufacturing plant in India that is currently being established, a statement […]
ReNew Power, which recently committed to achieving net-zero greenhouse gas emissions by 2050, has commissioned a 105 megawatt (MW) solar generation facility in Gujarat. According to a company statement, the project has a 25-year power purchase agreement with Gujarat Urja Vikas Nigam Ltd (GUVNL) to provide clean electricity to the state at a tariff of […]
The Renewables arm of Larsen & Toubro’s Power Transmission & Distribution Business has bagged an order to set up Sudair solar power project of 1.5 GW in Riyadh province of Saudi Arabia. The company did not disclose the value of the contract, but said the orders fall under the “major” category, which ranges between Rs […]
In order to provide relief to the rooftop solar industry, the Indian government is proposing to allow rooftop solar installations with up to 500 kilowatt (kW) capacity to be billed under ‘net metering’. If the proposal is approved, those who have rooftop solar panels will receive higher tariffs from power distribution companies (discoms) for the […]
Radiance Renewables, a 100 percent subsidiary of the Green Growth Equity Fund (GGEF), which is managed by EverSource Capital, India’s leading Climate fund has signed an agreement with Azure Power Global Limited to acquire the latter’s rooftop assets. According to Radiance’s statement, the acquisition deal worth Rs 536.5 crore, includes 152.5 megawatt (MW) of projects, […]
As much as 170.14 gigawatts (GW) of renewable energy capacity, excluding large hydropower units, has either been installed or under various stages of development or bidding at February-end this year, India’s power minister, R.K. Singh informed the Parliament. The statement assumes significance in view of India’s ambitious target of having 175 GW installed renewable energy […]
