The winning developer will be able to use solar modules and cells of any origin for the plant, which will be built in Auraiya district, Uttar Pradesh. Bidding closes on Sept. 5.
The charging stations—to be installed in five metro cities—will come up at strategic locations frequented by potential electric vehicle owners such as Tata Motors dealerships, certain Tata Group retail outlets and other public locations.
Micro and mini grid-connected projects will also be considered. The projects—to be developed on ‘build-own-operate’ basis—can be set up anywhere in India for self-use or use by government entities at maximum fixed tariffs of Rs 3.50/kWh. Bidding will close on August 23.
A combination approach is more suitable than standalone carbon pricing and standard renewable portfolio scenarios for India to meet its climate targets, says a study by Massachusetts Institute of Technology (MIT) researchers.
The joint venture company—Khanij Bidesh India Limited (KABIL)—will help India to secure strategic minerals from abroad for manufacturing of solar energy storage and EV batteries.
The global installed capacity will grow from a modest 9 GW/17 GWh as of 2018 to 1,095 GW/2,850 GWh in the next two decades. Just 10 countries will account for almost 75% of the overall gigawatt market, with China, USA, India and Germany leading the pack.
The NYSE-listed solar developer now has 1.5 GW of interstate transmission system projects with sovereign counterparties—the largest such portfolio in India.
While Solar Energy Corporation of India and NTPC fare better on tariff payment obligations than directly selling to discoms, all other obligations need to be met by them only to the extent they are met on a back-to-back basis by discoms.
After High Court’s stay on tariff revision, the state government has resorted to unprecedented curtailment of wind and solar power projects.
The cost of solar power generation in India has fallen to half the level seen in many other markets in the region due to extensive solar resource, market scale and competition.
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