European investor EQT and Singapore’s Temasek launch renewable energy JV in India
Led by Indian developer Renew Power’s former CEO Parag Sharma, the joint venture by these global investors aims to install over 4 GW of utility-scale capacity across solar and wind projects.
Engie sells controlling stake in 813 MW Indian solar portfolio
Mumbai investor Edelweiss Group will gain a controlling stake in the generation assets in a deal which Engie says will allow it to reduce its debt by Rs3,160 crore.
DISCOM reforms, access to finance key to solar uptake
Power distribution reforms and scaling up of solar adoption among MSMEs through captive renewable energy policy and comprehensive Credit Guarantee Mechanism are among measures expected from the budget.
Adani rolls out roadmap to become largest renewable power player by 2030
India’s largest private-sector thermal power producer—which ranked as the sixth largest solar player globally in 2019—will invest over 70% of its budgeted Capex for the energy vertical into clean energy and energy-efficient systems to fuel its transformation.
Sterling and Wilson Solar wins Middle East award for utility-scale project
The Mumbai-based solar EPC solutions provider has to its credit 9.2 GWp of solar power projects (commissioned and under construction) globally, including 3.05 GWp in the MENA region.
SECI tenders 1.2 GW wind-solar hybrid, 4 MW floating solar plus storage
Developers have until February 25 to bid for ISTS connected wind-solar hybrid projects to be set up anywhere in India at the location of their choice. Bidding for 4 MW of grid-connected floating solar project with 2 MW/1 MWh battery energy storage system—to be set up in Andaman & Nicobar Islands—closes on February 13.
Driving India’s energy transition
India needs to look at a diverse set of flexibility options such as natural gas capacity, variable renewables themselves, energy storage, demand-side response and power grids, to ensure successful integration of wind and and solar PV, says an International Energy Agency (IEA) report.
Andhra Pradesh: Care Ratings puts 26 renewable developers on negative watch
Ratings may be downgraded if there is a persistent delay in resolving the tariff related dispute or any adverse revision in the tariffs by the state regulator and/or continued delays in receipt of payments from DISCOMs.
Rajasthan set to take the solar crown in 2020
Norwegian analyst Rystad Energy has predicted the stop on PV tenders in Karnataka will see Rajasthan become India’s leading solar state this year. The market research firm expects India to add only 10 GW new solar in 2020, however, and the same figure in 2021.
‘India will add 14 GW of solar this year’
The annual global outlook report for solar published by IHS Markit notes there was no real uptick in the amount of new capacity added last year, compared with the returns seen in 2018. That is likely to kill any hope India has of overtaking the U.S. as the world’s second biggest solar market in 2020.
