Azure closes financing for 300 MW of PV, signs 415 PPAs
Azure Power has announced the early closing of a financing deal worth INR 4 billion (around US$58 million) for a 100 MW solar plant in the Indian state of Karnataka; and INR 6 billion (around $88 million) for a 200 MW solar power plant in Rajasthan. It also signed 415 rooftop solar PPAs in Madhya Pradesh.
Historic low tariff for 35 MW rooftop solar tender
The recent 35.29 MW rooftop solar tender, floated by Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) hit a historic low tariff of Rs. 1.58 (US$0.022) per unit. Overall, it attracted 31 bidders, and was oversubscribed by 630%.
Acme Solar to quit projects if safeguard duty not passed on to utilities
As of July, Acme Solar had about 2.8 GW solar projects at different stages of development across India. Recently, it won another 600 MW of SECI’s 3 GW interstate transmission system (ISTS) tender, at a tariff of INR 2.44/unit (USD 0.036/unit).
750 MW Rewa solar project starts supplying power
The 750 MW Rewa solar power project, one of the world’s largest single-site solar power plants, has started operations.
MPUVNL interview: Madhya Pradesh eyeing 2.2 GW rooftop solar by 2022
Madhya Pradesh recently floated a tender for the implementation of grid connected rooftop solar PV projects under the RESCO (renewable energy service company) Model. Manu Srivastava, principal secretary and commissioner, New and Renewable Energy Department, Government of Madhya Pradesh, and managing director of Madhya Pradesh Urja Vikas Nigam (MPUVNL), speaks to pv magazine about the tender and initiatives taken by the state government.
Madhya Pradesh suffered from bumpy roads in its solar journey
For two separate projects, Madhya Pradesh state is witnessing delaying and associated losses. In one, ReNew Power has been slapped with $1.68 million fine for delays to a 51 MW PV project, and in another case, BHEL’s proposed 10 MW solar plant obstructed by state government.
MNRE distributed one million solar study lamps
The scheme was sanctioned in 2014 for empowering underserved communities of the states of Rajasthan, Madhya Pradesh, and Maharashtra.
World Bank, IREDA sanction $33 million for solar parks in Madhya Pradesh
Under the World Bank and IREDA’s $100 million proposals for solar park development, IREDA has approved its first loan of $33 million to Rewa Ultra Mega Solar Limited (RUMSL) in Madhya Pradesh.
NTPC sets 32 GW renewables target by 2032
To date, the National Thermal Power Corporation (NTPC) Ltd has installed roughly 1 GW of renewables in India. NTPC is planning several projects including floating solar and battery storage projects nationwide.
IFC to provide $440 million loan to developers of Rewa PV project
Three firms, Mahindra Renewables, Actis, and ACME group, will receive a combined loan of $440 million from the IFC for developing the Rewa Solar Park in Madhya Pradesh.
