Uma Gupta
Production-linked solar incentive scheme to support just 8-13% of 240 GW panel demand till FY30
India has set a ‘280 GW by 2030’ solar target, out of which 240 GW is yet to be implemented. India Ratings estimates the PLI scheme shall provide incentives to the beneficiary facilities for an aggregate sales of 20-30 GW over a five-year period, which is just 8%-13% of the planned 240 GW requirement.
JSW’s steel production dips as it prioritizes medical oxygen supply
The company’s capacity utilization was 5% lower than in March as it prioritized medical oxygen supply over augmenting steel production.
States must plan now for utility-scale battery storage
A new report says the Indian States must develop plans to incentivize investments into the deployment of utility-scale battery storage—just as they did for solar.
Bidding extended for 75 MW solar project in Uttar Pradesh
Developers now have until May 18 to bid for setting up the capacity in the Uttar Pradesh Solar Park. Technical bid shall be opened on May 19.
Maharashtra Discom tenders for purchase of 500 MW of wind-solar power
The selected bidders shall set up wind-solar hybrid power projects to supply the generated power under a 25-year PPA. Bidding closes on June 8.
India ranked third most attractive country for solar investment
India ranks behind the United States and China in IHS Markit’s latest rankings of most attractive solar markets.
Virescent Infrastructure acquires 76 MW of operating solar assets in India
US investor KKR-backed Virescent Infrastructure has acquired Singapore-based Sindicatum Group’s operating solar assets in three Indian states. The acquired PV projects benefit from long-term power purchase agreements with government counterparties.
Maharashtra discom tenders for purchase of 500 MW solar power
Solar power generators have until June 4 to bid for supplying the power from their proposed or existing PV projects under a 25-year PPA.
Rising Sun Energy seeking EPC partners for its 190 MW Rajasthan solar project
The developer has issued a tender to select EPC partners for the grid-connected solar capacity in Nokh Solar Park of Rajasthan. Bidding closes on May 12.
Developing climate-resilient decentralized solar solutions
A new report states decentralized solar installations in climate-vulnerable regions of Assam, Jharkhand, and Rajasthan lacked design to deal with future climate risks. The report authors, based on their study, outline considerations for policymakers, implementing agencies, vendors, and funding agencies to build resilient structures.
