US investor KKR and Singapore’s GIC own 42% stake in Sterlite Power’s grid trust
KKR has also applied to become a co-sponsor of the power infrastructure investment trust and plans to acquire additional 15% stake in it. The deal marks KKR’s first infrastructure investment in Asia.
Tata Power added 200 MW renewables in FY 2018-19, another 400 MW in pipeline
The company has identified renewables, transmission and distribution, and value-added businesses such as rooftop solar, smart metering, electric vehicle (EV) charging stations and micro grids in rural areas as key growth areas.
Gujarat re-tenders 700 MW of solar but response is lukewarm
Reduction in solar park charges was not enough to attract developers in the same numbers that flocked to a separate 500 MW exercise two months earlier. The Raghanesda Solar Park continues to be a headache after a previous attempt was cancelled because the tariffs were deemed too costly.
Siemens Gamesa bags 250 MW solar EPC project from Sprng Energy
Spanish-German renewable energy developer Siemens Gamesa—which developed India’s first wind/solar hybrid plant—has commissioned over 400 MW solar capacity in India.
China confirms FIT level payments – but they will be ‘subject to competition’
The Beijing authorities have confirmed the payment levels to be made according to type of project and region from July onwards but an auction process will be involved so the figures are for guidance only. No decision has yet been made on the 30 GW of capacity added since the end of May.
Tata Power exemplifying the Indian energy transition: IEEFA
The private-sector integrated power company will cease to build new coal-fired capacity. Instead, it eyes 70% of new capacity additions coming from solar, wind and hydro through to year 2025.
India will add 144 GW renewables by 2022, exceed 275 GW by 2027: IEEFA
Given the existing trajectory of wind, solar and other renewable sources, India will reach 144 GW renewable energy capacity by FY2021-22—not far from the aspirational 175 GW target set back in 2015. This places India on track for exceeding its 275 GW target in 2027.
India could add 7-7.5 GW solar capacity this fiscal, predicts ICRA
The solar capacity addition of 7-7.5 GW in FY2019-20 will be 15% higher than a subdued 6-6.5 GW in FY 2018-19. Of the total, 1 GW would come through open access/group captive route and grid-connected rooftop.
Bid submission deadline extended for 1.2GW hybrid and 200MW solar projects
The Solar Energy Corporation (SECI) has pushed back the bid submission deadline for ISTS-connected 1.2 GW wind-solar hybrid projects by two weeks. On the other hand, the revised deadline for 200 MW grid-connected solar PV power capacity in Uttarakhand is now April 30.
The prospects for solar after the Assembly elections
Narendra Modi’s BJP party is seeking re-election with the aim of ensuring the electrification of all railways by 2022 and turning renewable energy into a popular movement with steps including an emphasis on solar farming. Even if the elections spring a surprise, however, the renewable momentum is unlikely to slow as no government can afford to roll back the clean power tide.
