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 […]
Global renewable energy capacity additions in 2020 beat earlier estimates and all previous records despite the economic slowdown that resulted from the COVID-19 pandemic said IRENA in a statement. According to data released by the International Renewable Energy Agency (IRENA) the world added more than 260 gigawatts (GW) of renewable energy capacity last year, exceeding […]
Borosil Renewables, the sole domestic manufacturer of solar panel glass, is doubling its capacity to 900 tonnes per day with an investment of Rs 500 crore, a top company official has said. The city-based company, a part of the Borosil Group that is the market leader in laboratory glasses and other consumer glasses, currently has […]
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 […]
India’s largest power generating company- NTPC recorded its highest ever group generation of 314 BU in FY 21, a growth of 8.2% compared to previous year. On a standalone basis, NTPC generated 270.9 BU in FY21, an increase of 4.3% over the previous year. NTPC Group has 70 Power stations including 26 Renewable projects. The group […]
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 […]
Researchers at UC Santa Barbara have just released a study that demonstrates why India should double down on renewables. The study examines electricity and carbon mitigation costs associated with achieving aggressive renewable energy targets in India’s electricity grid in 2030, and finds that wind-majority or balanced wind-solar targets have the most cost-effective potential for power […]
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 […]
