The Indian developer has signed an agreement with the Canadian developer to acquire its 50 MW Telangana solar project at an enterprise value of around INR 317 crore.
The Indian Institute of Science (IISc), Bangalore has set up a solar-powered charging station to conduct the system’s impact assessment. The system—designed by UK-based renewable energy advisor GreenEnco—uses Vikram Solar’s 16 mono PERC solar modules of 400 Wp each, a hybrid inverter, and battery storage.
The developer has secured the revolving fund from 12 international banks. It would use the amount to initially finance its 1.69 GW hybrid portfolio of solar and wind projects to be set up in the Indian state of Rajasthan.
Telecommunications Consultants India (TCIL) has issued an expression of interest to select EPC partners as it intends to bid for the 5 GW grid-connected solar capacity tendered for state-run generators. Installers have until March 24 to lodge their interest with TCIL.
The Chinese manufacturer commanded a 17% share of the total 3268 MW of rooftop PV inverter shipments in India in the January-December 2020 period.
In India, the lack of suitable fiscal incentives and relevant experience, combined with high upfront capital costs, has hindered the adoption of battery energy storage systems (BESS) in comparison to other developed countries. However, there is potential for the country to take the lead.
As of 2020, only 13 cities in India had renewable energy targets and/or policies in place. These cities, however, are home to a significant 67.6 million people.
Bids are invited to install and commission off-grid solar power plants in sizes varying from 500Wp to 50,000Wp.
Asian Development Bank’s new venture arm ADB Ventures, which invests in technology startups disrupting traditional sectors in the Asia Pacific, has made its first investments into the Indian startups Euler Motors and Smart Joules.
The company has bagged an order from an aluminium producer to strengthen the power infrastructure at its plant in Chhattisgarh.
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