Qatar Investment Authority buys 25.1% stake in Adani Electricity Mumbai
The total QIA investment in AEML is Rs 3220 crore (US$ 452 million), which includes equity consideration of Rs 1210 crore (US$ 170 million) and shareholder subordinated debt of Rs 2010 crore (US$ 282 million).
CEL amends 5 MW module supply tender for Maharashtra
Eligibility criteria has been relaxed to include authorized distributors, resellers and dealers as well. Further, there are relaxations in the supply order carried out in the last one year. Bidding now closes on January 22.
Pinnacle and China’s Phylion launch lithium-ion battery assembly unit in Maharashtra
Madhya Pradesh based Pinnacle Industries–a commercial vehicle components manufacturer–plans to roll out electric vehicle battery packs with Phylion cells and semi-knocked-down kits.
Magenta Power opens R&D centre for EV chargers and energy informatics
The R&D facility in Navi Mumbai will house three automation labs to ensure EV charger design and development as per the international quality and safety standards for cells and battery packs, rapid prototyping, and reliability and environmental tests.
Rajasthan set to take the solar crown in 2020
Norwegian analyst Rystad Energy has predicted the stop on PV tenders in Karnataka will see Rajasthan become India’s leading solar state this year. The market research firm expects India to add only 10 GW new solar in 2020, however, and the same figure in 2021.
After much criticism, Maharashtra issues final regulations restoring net-metering for rooftop solar
Net metering benefits are now allowed across categories, including commercial and industrial consumers. Further, under net metering mechanism, consumption limit of 300 units for the residential category has been removed. This will help consumers set off their entire consumption against their system’s self-generation, benefiting them greatly.
Maharashtra retenders 1350 MW ground-mount solar projects
Ceiling tariff is revised to Rs 3.30 per unit for distributed solar projects that shall come up across 30 districts for giving day time power to agricultural consumers in the state. Individual project size is limited to 2-10 MW. Bidding closes on January 29.
Qatar Holding gets CCI nod to buy 25% stake in Adani Electricity Mumbai
As part of the transaction, both the parties have agreed to ensure that over 30% of the electricity supplied by Adani Electricity Mumbai Ltd will come from solar and wind power plants by the year 2023.
Amp Energy installs 8.5 MWp rooftop solar plant for Skoda Auto
Touted to be one of India’s largest rooftop installations, the captive plant uses 25,770 photovoltaic panels covering 63,000 sq.m of available roof space and producing 12.2 million KWh of electricity annually.
Central Electronics Limited tenders 44 MW solar capacity in Maharashtra
Developers have until December 30 to bid for the grid-connected plants that shall come up on the land within or around the premises of Maharashtra State Electricity Distribution Company Limited’s substations. The plants are to be developed on turnkey basis.
