This Week’s Solar News Wrap Includes AREHFifteenL arm of AGEL, CSC partners Tata Power, L & T, IKEA, Amplus Solar, Azure Power Solar, NTPC Tender
AREHFifteenL arm of AGEL wins 150 MWac solar project
Adani Green Energy arm AREHFifteenL has bagged a 150 MWac solar energy project capacity from Torrent Power. Adani Renewable Energy Holding Fifteen Ltd participated in a Tender issued by Torrent Power Ltd for procurement of power through competitive bidding process, from grid connected solar photovoltaic power projects to be setup in Gujarat.
Singapore betting on floating solar farms and vertical panels because of land crunch
Singapore is betting on floating solar farms and vertical panels to increase its clean-energy supplies and cut carbon emissions, a model that could work in other densely populated cities, said urban experts to Reuters.
Extend by four months says Solar industry for ongoing solar projects
Citing disruptions in labour and supply chain due to the resurgence of Covid-19 in many parts of the country, the Solar industry has asked for the extension of four months on all ongoing projects from the government .
CSC with Tata Power to set up 10,000 solar micro grids in rural areas
The government’s e-governance services arm CSC has announced a collaboration with Tata Power to set up solar-powered micro grids and water pumps in rural areas across the country. To begin with, Tata Power has proposed to set up 10,000 micro grids to support rural consumers through Common Service Centres.
IKEA to buy a 49-percent stake in eight solar parks in Russia from Solar Systems
Ingka Group, owner of most IKEA stores world-wide, is all set 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.
Adani Solar Energy Chitrakoot One Limited commissioned a 50 megawatt solar project in Uttar Pradesh
Adani Solar Energy Chitrakoot One Ltd (ASECOL), a subsidiary of Adani Green Energy Ltd (AGEL), has commissioned a 50 megawatt solar power plant at Chitrakoot in Uttar Pradesh. The plant has a 25-year power purchase agreement with the Uttar Pradesh Power Corporation Ltd at Rs 3.07 per kilowatt hour.
Larsen & Toubro start 300 megawatt solar plant construction in Saudi Arabia
The renewables arm of Larsen & Toubro’s power transmission and distribution business has got the go-ahead to begin constructing a 300 megawatt Jeddah solar photovoltaic power plant. The turnkey engineering, procurement and construction (EPC) order has been received from the consortium of Masdar, EDF Renewables and Nesma Company.
Amplus Solar acquires 17 operational rooftop solar projects from Sterling and Wilson
Amplus Solar said it has acquired 17 on-site operational rooftop solar projects from Sterling and Wilson with a total capacity of 7.2 megawatt. The projects are spread over Haryana, Punjab, Madhya Pradesh, Rajasthan, Maharashtra, Telangana and Karnataka.
Rating on Azure Power Solar’s notes unaffected by sale of rooftop projects says Fitch Rating
The rating on Azure Power Solar Energy Private limited’s 350.1 million dollar 5.65 per cent senior notes due 2024 is not affected by the sale of Azure Power Global Ltd’s (APGL’s) rooftop solar portfolio, said Fitch Ratings. Fitch does not expect the transaction to trigger a change of control provision in indenture of notes.
NTPC floats tender inviting Bids for Setting Up 1 Gigawatt of ISTS-Connected Solar Projects
NTPC Limited has floated tender inviting bids for setting up 1 Gigawatt interstate transmission system (ISTS)-connected solar power projects across India. The last date for the submission of the bids is May 27, 2021, and bids will be opened on the same day. NTPC will purchase the power at an initial tariff of INR 1.91 per kWh for the first contract year, which will be increased at the rate of INR 0.01 per kWh until the 25th year.