India Ratings upgrades Adani Green Energy to ‘IND AA-’ with Stable outlook
The upgrade factors in Adani Green Energy Ltd’s continued strong operational asset performance, strong execution scale-up with annual capacity additions likely to be 4 GW-5 GW annually over the medium term, and healthy counterparty diversification and reduction in receivables, leading to an increase in the cash flow from operations.
NTPC launches 1.2 GW renewables-plus-storage tender
NTPC has launched a tender to select developers for 1.2 GW of firm, dispatchable power from renewable energy projects backed with energy storage systems. The projects can be located anywhere in India. Bidding closes on July 23.
New study provides state-wise renewables addition plan for India
A new study by government thinktank NITI Aayog provides state-wise renewable energy potential that can be harnessed by states to meet their renewable purchase obligations, RE capacity that needs to be procured by the deficit states from other RE-rich states, and storage requirement to meet the required grid balancing. The study was carried out with the support of the Central Electricity Authority and the Ministry of New and Renewable Energy.
Scientists claim PV systems combined with thermoelectric cooling may achieve 6-year payback time
Scientists in South Africa have modeled a photovoltaic system connected to a thermoelectric cooling device and have found it may produce around 9.2% more electricity than conventional PV system without cooling. The research team claims the proposed system guarantees a minimum cost saving of 10.56%.
Another bidding extension for 25 MW AC solar plant with 20 MW/50 MWh battery storage in Leh
Solar Energy Corp. of India (SECI) has extended bidding for the installation and commissioning of the 25 MW AC (50 MWp DC) solar PV plant with 20 MW/50 MWh battery storage in Leh by another two weeks.
Solar panels in orbit
Space-based solar power generation has the potential to address many of the challenges that terrestrial systems face.
SECI launches 1.2 GW solar tender
Solar Energy Corp. of India (SECI) has invited bids to set up 1.2 GW of solar PV power projects on a build-own-operate basis in India. Bidding closes on July 12.
High import duties affecting solar deployment in Bangladesh
Analysts at a recent event in Dhaka called for the removal of high import duties on solar products in Bangladesh, as it could reduce PV system prices by up to 11%.
Avaada Energy secures $38 million for captive solar project in Karnataka
Avaada Energy has secured financing for its solar PV power project being developed under a long-term captive power purchase agreement with Karnataka Cooperative Milk Producers’ Federation Ltd.
Jakson Green secures INR 600 million to advance renewable energy projects
Jakson Green has secured a sustainable trade facility of INR 600 million ($7.2 million) from HSBC India. This funding will support the company’s working capital requirements for its renewable energy business, both in India and internationally.
