Italy joins ISA, AGEL acquire SkyPower asset, Waaree Energies SP1A ranking, BHEL tender for solar value chain and more

This week’s Wrap Includes Italy joins ISA, AGEL acquire SkyPower asset,  Waaree Energies SP1A ranking, tender for solar value chain, USAID and DFC loan for rooftop solar and more

Italy joins International Solar Alliance

Italy on Wednesday joined International Solar Alliance (ISA) upgrading its partnership with India in a year that coincided with G-20 Presidency and co-presidency of COP26 under Italy. Ambassador of Italy to India, Vincenzo de Luca, signed the Italian membership to the International Solar Alliance (ISA).

Adani acquires 50 MW solar asset from SkyPower Global

Adani has signed definitive agreements with the Toronto-headquartered SkyPower Global to acquire 100 per cent stake in a special purpose vehicle (SPV) that owns 50 MW operating solar asset in Telangana. The project is located in Telangana and was commissioned in October 2017 and has a long-term Purchase Agreement with the Southern Distribution Company of Telangana.

Bring policy paper to deal with discoms reluctance on Renewable PPAs says a Parliamentary panel

A Parliamentary panel has asked the ministry to expedite a policy paper to provide a remedy for the issue of falling renewable tariffs which have prompted reluctance among discoms to enter into long term power purchase agreements (PPAs) with project developers, saying it has become a conundrum.

Self-reliance in energy sector must for Atmanirbhar Bharat says education Minister

Union Education Minister Ramesh Pokhriyal while riding the Energy Swaraj Yatra Bus from his residence to his office said the climate change awareness is essential to attain sustainability. He added Self-reliance in the energy sector is integral for achieving the goal of Atmanirbhar Bharat.

Eighteen per cent of India’s urban population is living in cities with renewable energy targets says a report

Only eighteen per cent of India’s urban population is living in cities with renewable energy targets, said the 2021 edition of REN21s Renewables in Cities Global Status Report. For India, the report has particular significance as several “smart cities” have embraced renewables, seeing a significant growth in on-site generation of solar PV.

USAID and DFC announce $41 million loan guarantee programme for rooftop solar projects

United States Agency for international development (USAID) and US international development finance corporation (DFC) are jointly sponsoring loan portfolio guarantee to enable Indian small and medium enterprises to access reliable power and cut costs. The loan worth 41 million dollars will help finance investments by SMEs in renewable energy solutions, inclusion rooftop solar installations.

In a bid to ease grid pressure Vietnam is gearing up to cut rooftop solar feed-in tariff

Vietnam plans to cut the feed-in tariff for rooftop solar panels by 30.8-37.9 per cent in a bid to reduce pressure on the national power grid following a recent boom in installed capacity, reports state media.

ICRA assigns SP1A ranking to Waaree Energies

Homegrown solar PV module manufacturer Waaree Energies has announced that it has been assigned solar power SP1A ranking’ by rating agency ICRA. In SP1A, 1 denotes highest level of technology and A indicates the robust financial health of the company, said Waare Energies in a statement.

invited bids for consulting firms to prepare a detailed project report on the solar PV manufacturing value chain.

() is inviting bids from consulting firms to prepare a detailed project report on the solar PV manufacturing value chain- quartz mining, polysilicon, ingots, wafer, cells, and modules. Scope of work includes conducting consulting engagement activities like market research, sectoral assessment, market entry strategy, business modeling, and feasibility studies

Udupi Sri Krishna Mutt to go green with 135 kW of solar project

The Udupi Sri Krishna Mutt is all set to go green harnessing to illuminate the mutt within a month. The mutt will set up a 135 kW capacity solar power unit at an estimated cost of Rs.60 lakh. Once the project is commissioned the mutt would save about ₹18 lakh annually towards electricity bill, for using grid power.