NLC India issues tenders for Andaman storage project, $394 million in finance for 709 MW Tamil Nadu PV project
Neyveli Lignite Corporation India Ltd (NLCIL) has re-tendered the 2 x 10 MW grid-connected solar PV power project with the reduced 8 MWh battery energy storage capacity. It has also invited bids to lend INR 25.52 billion ($394 million) in finance required for the proposed 709 MW solar project in Tamil Nadu state.
The recent trade conflicts will reduce India’s total solar installed capacity to 6 GW in 2018
According to the Bridge to India’s ‘India Solar Compass’ report, the total capacity addition in 2017 was 9,255 MW, up 94% over 2016. However, Q4 2017 was slow in terms of project commissioning with only 1,503 MW of utility scale projects being commissioned. Moreover, the execution costs have shot up by about 18% in just six months.
Microsoft to power its new Bengaluru office using solar
Microsoft has purchased 3 MW of solar generation capacity from a solar developer, Atria Power. This will cover 80% of the projected electricity requires at the new facility.
GCF grants $100 million to NABARD for rooftop solar in India
Green Climate Fund (GCF) has approved the National Bank for Agriculture and Rural Development (NABARD)’s proposal of Line of credit for solar rooftop segment for commercial, industrial and residential housing sectors in India. This is the first ever project in India approved by GCF.
President of France to inaugurate 75 MW solar plant in Uttar Pradesh
According to reports, French President Emmanuel Macron will inaugurate the 75 MW solar PV power plant, located in Mirzapur, Uttar Pradesh on March 12. The plant is developed by the French company, Engie Solar.
ISA to sign 121 solar projects by 2nd edition of Global RE-INVEST in April 2018
50 projects will be signed on March 11, 2018 during ISA Solar Summit, and 71 will be signed on April 20, 2018 at RE-Invest summit. Now, with five new countries, Madagascar, Gabon, Rwanda, Sri Lanka, and Uganda, the number of nations to have ratified the International Solar Alliance (ISA) framework agreement has reached 26.
WTO agreed India’s request to form compliance panel
With the current World Trade Organizations (WTO’s) decision, it appears that the solar domestic content dispute between India and the U.S. has stepped forward. Last three-four hearing was just stuck in U.S. rejections of India’s compliance statement.
Trade protection for domestic manufacturers is misguided, finds Bridge to India
India plans to impose safeguard duty on Chinese and Malaysian module manufacturers, to protect the domestic manufacturers.
EESL to invest more than US$500 million in Andhra Pradesh in four clean energy projects
MoUs for four projects were signed at CII Partnership Summit 2018, held in Andhra Pradesh are valued at more than US$ 500 million and are expected to create jobs, alongside bringing in revenue and saving money.
Adani to build 1 GW+ renewable energy in Andhra Pradesh
Adani Group has signed a MoU with Andhra Pradesh government for the development of more than 1 GW of renewable energy in the state.
