This Week Solar News Wrap includes NTPC Renewable Energy IPO, Adani Aquires SB Energy, Indian Solar an example Prince Charles, Trina Solar 670W Vertex and more
NTPC gears up for NTPC Renewable Energy IPO in 2022-23
NTPC is gearing up for listing its recently formed renewable energy subsidiary to raise funds for solar and wind power projects. NTPC Renewable Energy Ltd IPO is expected to hit the market in 2022-23, to raise funds for achieving its ambitious target of 60 GW installed renewable energy capacity by 2032, which entails a total investment of Rs 2.5 lakh crore.
Government extends relief to renewable sector amid second wave of Covid-19 pandemic
The government has extended relief to renewable sector amid the second wave of Covid-19 pandemic by allowing an extension of two-and-a-half months for power projects with commissioning dates between April 1 and June 15, 2021. The Ministry of New and Renewable Energy (MNRE) has notified the changes that will prevent developers from being charged penalty for delaying commissioning of projects beyond the agreed timelines.
Adani Green’s acquisition of entire stake in SB Energy approved
Fair trade regulator CCI has approved acquisition of entire shareholding in SB Energy by Adani Green Energy Ltd. In May this year, Adani Green Energy announced inking share purchase agreements with SoftBank Group and Bharti Group for acquisition of 100 per cent stake in SB Energy India for USD 3.5 billion.
India’s solar power efforts are an example to the world says Prince Charles
India, whose solar power efforts are an example to the world, has a vital role to play in the global search for nature-based and technology-driven solutions which are critical to accelerating the move towards a zero-carbon future, Britain’s Prince Charles. The 72-year-old heir to the British throne and environmental campaigner, in a special address at the India Global Forum session on Climate Action, called upon Indian entrepreneurs and CEOs to join the Sustainable Markets India Council, launched to seek out sustainable investments to influence an acceleration towards climate action goals.
Trina Solar 670W Vertex modules excel in snow-load testing in China
Trina Solar has completed non-uniform snow-load testing at the China General Certification (CGC) East China PV Testing Center with its new-generation Vertex 670W modules. The data demonstrates the critical snow-load of Trina Solar’s five modules exceeded 6,600 Pa, getting up to 7,000 Pa, equivalent to the pressure generated by 2.8 meters of snow, much higher than conventional non-uniform snow-load norms. This proves excellent snow-load resistance of Trina Solar’s Vertex 670W modules.