The Solar Energy Corporation of India has issued amendments to the procurement and extended the bidding deadline by two weeks.
The renewable energy infrastructure investment trust (InvIT) proposed to be launched by KKR-backed Virescent Infrastructure aims to achieve approximately 1.5 GW of assets in the next three years. Its initial portfolio will comprise nine solar energy projects with an aggregate capacity of about 400 MWp.
Under a production-linked incentive scheme, the government will reward manufacturers for building vertically integrated PV production lines. The scheme aims to attract 10 GW of production capacity by April 2023.
The Gujarat-based solar developer has signed power supply agreements with nine different industrial customers for PV projects aggregating to 13.15 MW.
India is set to see the largest increase in energy demand of any country over next 20 years, a new International Energy Agency (IEA) report says, highlighting potential for policies and investment to accelerate clean energy transition.
The energy storage system arm of Waaree Group has designed and developed Lithium batteries to power ACE Ltd’s electric forklifts running at Chennai airport.
The developer has commissioned a 7.805 MW solar plant for Larsen & Toubro’s metro rail project in Hyderabad. Touted to be one of the largest behind-the-meter solar projects in India, the plant will supply electricity to the metro project’s 24 stations and two depots.
Bidders have until February 22 to lodge their interest to develop the ground-mount, grid-connected solar plant with net metering. Technical and commercials bids will open on February 23.
A new report suggests that the State shut down 3.1 GW of old coal plants and replace the lost generation with renewables. It also advocates switching from expensive power (tariffs > INR 4/kWh) to renewable energy (which now costs INR 3/kWh or less) and halting the construction of new coal plants.
The Indian multinational has acquired a 51% stake in Brazilian company Fasttel Engenharia Ltd that specializes in engineering, procurement and construction (EPC) of power transmission, substation and distribution services.
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