This week’s Solar News Wrap includes:-IFC finance for Thar Surya solar, SwitchON Foundation, Larsen & Toubro, Sakaka IPP PV, ReNew Power and more IFC proposes $50million debt finance for Thar Surya solar power project International Finance Corporation plans to debt finance the construction of Thar Surya 1 Pvt Ltd’s 300 MW solar power project in […]
The Union Cabinet has approved a Rs 4,500 crore production-linked incentive (PLI) scheme to boost domestic manufacturing capacity of solar PV modules. The PLI scheme is aimed at adding 10,000 MW manufacturing capacity of integrated solar PV modules entailing direct investment of Rs 17,200 crore. The PLI scheme is likely to create direct employment of […]
Radiance Renewables, arm of Everstone has acquired 152.5 mw rooftop solar assets from Azure Power Global for Rs 536.5 crore. Radiance is subsidiary of a green growth equity fund managed by Everstone Group firm EverSource Capital. The transaction is through the green growth equity fund, an equal joint venture between Singapore-based private equity firm Everstone […]
IIT Delhi, an Institution of Eminence has achieved another milestone by becoming the first Central Government funded Technical Institute to reduce its carbon footprint by more than 50%. The institute recently signed bilateral power purchase contract with a hydro power generator in the state of Himachal Pradesh for 2 MW through PTC India Ltd., as […]
Tata Power has announced that the Company has received a Letter of Award from Gujarat Urja Vikas Nigam Limited (GUVNL) on 26th March 2021 to develop a 60 MW solar project in the state of Gujarat. The energy will be supplied to GUVNL under a Power Purchase Agreement (PPA), valid for a period of 25 years […]
Because of imposition of basic custom duty on equipment, solar power tariffs may rise in near term ,though they would remain cost competitive for the off-takers, ICRA Ratings said on Wednesday. ICRA”s outlook for renewable energy (RE) sector is ”Stable” because of factors such as continued policy support from the Government of India, large growth […]
In a bid to reduce the cost of electricity in the government schools of the state, the Punjab government would install 3KW solar panels in 183 primary schools at a cost of Rs. 2.74 crore. Education Minister Vijay Inder Singla said that the Education Department is making continuous efforts to further strengthen the infrastructure in […]
NLC India Ltd and Coal India Ltd have plans to get into 3,000 MW of solar power generation, a top NLC India official said. “NLC India and Coal India have formed a joint venture company Coal Lignite Urja Vikash Private Ltd. We will be bidding for about 3,000 MW of solar power projects that will […]
ABB has announced that it has reached a cumulative 5GW milestone in delivering solar plant automation solutions in India. The firm said it has reached the cumulative 5-gigawatt (GW) mark in providing Programmable Logic Controller based (PLC) solar plant automation solutions in India. This milestone is an outcome of many significant solar power projects that […]
Coal India is planning to bet big on solar as the world’s largest coal miner is looking to venture into solar wafer manufacturing and wants to “aggressively” participate in the country’s solar energy auctions, chairman of Coal India Pramod Agarwal told Reuters in an interview. Pramod Agarwal speaking to the news agency said “Coal as […]
