Uma Gupta
Removal of priority-sector lending cap – solar industry reaction
The power minister’s proposal would be a step in the right direction towards meeting the 40 GW rooftop solar target, as it removes a financing hurdle for small and medium enterprises.
Latest 1.2 GW of solar capacity awarded at Rs2.54 ahead of safeguarding duty fall
SECI’s 1.2 GW solar auction saw four companies – Ayana Renewable, ReNew Power, Azure Power and Mahindra Susten – secure a combined capacity of 1.15 GW at Rs2.54/kWh. Avaada Energy won the remaining 50 MW, at Rs2.55.
Solar trees find more homes
Solar trees—like the ones at The National Salt Satyagraha Memorial in Gujarat—are set to make their way into the residential complexes of central government employees as the Central Public Works Department (CPWD) looks to harness solar energy to the maximum extent possible.
Mahindra launches renewable energy asset care company
Starting its journey as a department within Mahindra Group’s solar EPC company Mahindra Susten, the newly formed comprehensive asset care company for renewable energy customers aims to reach a 20 GWp global portfolio by 2022 from 4 GWp currently.
Madhya Pradesh tenders 500 MW grid-scale energy storage
State-owned Madhya Pradesh Power Management Company Limited (MPPMCL) has invited domestic and global players for providing grid-scale energy storage services of up to 500 MW with 8 hours of daily discharge and setting up a storage manufacturing facility in the state. The deadline for proposal submission is August 2.
NTPC tenders 1 GW solar PV projects across India
State-owned power generator NTPC has invited bids for development of 1 GW grid-connected solar PV projects under Central Public Sector Undertaking (CPSU) scheme Phase-II (Tranche-I). The projects are to be set up on turnkey basis under domestic content requirement category, anywhere in India. These will be awarded through domestic competitive bidding followed by reverse auction.
Lithium gigafactory target is raised to 50 GW, tender likely soon
The government is considering financial incentives such as import and export duty waivers to woo battery manufacturers to set up a globally competitive manufacturing base in India.
Power minister seeks removal of priority sector lending limit for renewable energy sector
Easy access to finance topped the agenda of the minister’s meeting with various stakeholders, wherein issues related to land acquisition and Goods and Services Tax (GST) were also discussed.
Visaka Industries installs solar rooftop on pushcarts
The ATUM integrated solar roofing system using 320W panels generates enough electricity to power a light bulb, a fan and a mobile phone.
BHEL wins 135 MW solar EPC projects
Cumulatively valued at Rs 520 crore, the projects include a 50 MW plant for Maharashtra State Power Generation Company Ltd, a 75 MW plant for Gujarat State Electricity Corporation Ltd and a 10 MW plant for Gujarat Narmada Valley Fertilizers & Chemicals Ltd.
