The Mahindra Group cleantech firm will continue to have majority 51% stake in its subsidiary Marvel Solren, with Mitsui owning the balance. Currently, Marvel operates four distributed solar projects in India with a combined capacity of 16 MW, which the two partners aim to expand to 150 MW by 2023.
The preliminary proposals must reach the ministry by June 30. These will be examined by a committee and the shortlisted parties will be invited to submit final proposal.
Having acted against Turkey, the Trump administration has removed India too from the list of nations exempt from import tariffs on solar cells and modules.
Following Indian utility National Thermal Power Corp.’s proposal for PV projects in International Solar Alliance member countries, the organization has invited bids from companies in such nations with comparable credentials and experience, as long as they own at least 250 MW of solar capacity.
The acquisition would be made through Khanij Bidesh India Ltd (KABIL)—a joint venture of three public-sector mining units—which recently visited the Lithium Triangle countries in South America (Chile, Argentina and Bolivia) to explore the possibility of lithium acquisition.
Bidding is now allowed up to June 20. Bidders are required to submit the respective corrigendum along with the bid, duly signed and stamped.
The tendered solar PV capacity for state-owned coal mining company Singareni Collieries Company Limited (SCCL) is now revised to 90 MW (AC). Further, the commissioning period has been increased to 12 months.
The company’s renewable capacity under implementation has now swelled to 500 MW, which is in addition to the operating capacity of 2,268 MW.
Entailing investment of around Rs 240 million, this ‘carport style’ captive solar power plant is expected to be commissioned in FY 2019-20. It will offset CO2 emissions to the tune of over 5390 tonnes annually, for the next 25 years.
The I-SMART program aims to aggregate demand for 1 GW rooftop solar systems across four states and two union territories. It simplifies rooftop solar installation by providing a range of services both to the partner installers and prospective customers on a single-window web portal.
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