Project developer, investor and acting EPC contractor ib vogt has begun the construction of a portfolio of three solar power plants with a joint total capacity of 166.5 MWp, awarded under the second round of Egypt’s Feed-in Tariff programme. These are the first plants to begin construction in this round. Construction of two of the solar power plants started at the end of January 2018 and building of a third plant will begin at the end of February 2018.
India Ratings and Research has maintained a stable outlook on the solar sector and revised the outlook on the wind sector to stable from negative for FY19. The agency anticipates favourable environment for wind and solar energy sectors as bids are being driven by central government agencies and power purchase agreements are becoming favourable to developers in terms of addressing grid curtailment and termination issues. Development of guarantee funds by states/bidders, incentives to local solar panels manufacturers and exploring of wind-solar hybrid projects and offshore wind projects indicate a sustaining growth momentum in renewable power.
Minister of State for Power and New & Renewable Energy, Shri Raj Kumar Singh, in a written reply to a question on steps taken by Government to explore the solar micro grid model in the country, in Lok Sabha today informed that under the Solar Off-grid and Decentralized Applications Programme, so far 63 solar micro grids of 1899 kWp aggregated capacity have been reported to be installed in the country with financial support from the Ministry of New & Renewable Energy (MNRE).
Shri Singh informed that MNRE has provided financial support up to 30% of the cost of micro/mini-grids systems for installation in the rural areas of the country. The design capacity of micro grid depends upon the requirement to be catered.
Azure Power one of India’s leading independent solar power producers, announced the commissioning of a 100-megawatt solar power plant in the state of Telangana. Spread across an area of approximately 500 acres, the project has been setup under the government’s National Solar Mission Phase-II, Batch-II Tranche-I. The project was auctioned by NTPC, which has a AAA debt rating and is the Government of India’s largest power utility. Azure Power will supply power to NTPC for the next 25 years at a tariff of INR 4.67 per kWh.