As per the agreement, the Indian Renewable Energy Development Agency (IREDA) will undertake techno-financial due diligence of renewable energy, energy efficiency and conservation projects for state-owned hydropower producer Satluz Jal Vidyut Nigam Ltd (SJVN).
The nation is already firmly positioned to lead the world in the clean energy revolution. Consolidating this position would unlock significant economic growth and competitiveness by attracting domestic and foreign investment, creating jobs, and improving public health.
EPC contractors have until December 24 to bid for development of a cumulative 140 MW (AC) solar capacity across Gujarat Energy Transmission Corporation Limited’s substations, and 15 MW plus 4 MW (AC) at Charanka Solar Park.
The state-owned hydropower producer has issued an Expression of Interest (EoI) to select potential engineering, procurement and construction (EPC) service partners for building solar capacity of at least 100 MW (AC) anywhere in India on a turnkey basis.
The minimum solar tariffs discovered fell by 131.5% over the last five years, with an 18% drop achieved in the last five months alone.
The regulator has sought a detailed study after it received requests for reconsidering the useful life and capacity utilization factor (CUF) of solar projects as notified in draft regulations 2020.
“Efficient and economically viable energy storage, and optimal hybridization, are crucial for ensuring the expansion of renewable power generation both at the grid and micro-grid scale,” says Deepak Thakur, chief executive officer for the hybrid and energy storage business of Sterling and Wilson. He has spoken to pv magazine about the accelerated proliferation of renewables-plus-storage across markets.
The Solar Energy Corporation of India has issued amendments to the procurement and extended the bidding deadline a second time.
Land has already been identified for the solar park in Kaza town of Lahaul and Spiti district. State-owned Satluz Jal Vidyut Nigam Ltd is developing the solar park.
The nation has earned the highest score of 62.7 in terms of attractiveness for solar PV investment and deployment in the latest ranking of top 40 countries by Ernst & Young.
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