The ground-mounted solar PV plants are to be set up at the oil and natural gas company’s terminals in the states of Telangana (750 KW), Uttar Pradesh (550 KW) and Punjab (230 KW). Bidding closes on June 4.
With Leclanché due to open a module and battery pack assembly line in Gujarat alongside JV partner Exide Industries by the end of next month, the Swiss storage solutions company has been active nearer its home market.
The Ministry of New and Renewable Energy (MNRE) has said that off-grid solar plants that have been installed under its own programmes can be connected to the grid in locations where net-metering provisions are in place.
And the analyst expects that annual new additions figure to rise to 10.6 GW in 2025. This year the U.S. will surpass South Korea as the largest storage market due to new capacity for solar-plus-storage projects. In Japan and Australia, growth will be spurred by the termination of FIT programs.
The procurement – for PV capacity at the Dholera Solar Park – attracted bids for just 300 MW as developers shunned a tariff ceiling of Rs2.75/kWh.
Policy certainty and more financial subsidies would incentivise the market, as would support for domestic manufacturing and simplifying the net metering application process.
India’s leading solar region has been forced to apply the brakes to new solar with its power distribution companies having fulfilled their renewable purchase obligations for the next two years. Projects driven by federal agencies will continue, however.
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.
State-owned Bharat Heavy Electricals Limited (BHEL) has invited bids for supply, installation and commissioning of grid-connected solar rooftop PV plants of cumulative capacity 170 KWp at four locations in Haryana. The projects would be awarded through bidding followed by reverse auction. The last date for bid submission is May 10.
The power company needs to secure PV energy for 11-18 hours per day this month and in September in order to meet its renewable purchase obligation. Solar energy from outside the state of West Bengal will be considered.
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