HomeScape By Amplus Solar Partners With State Bank of India To Offer Easy Financing Options For Residential Solar Customers
HomeScape by Amplus Solar has announced a strategic partnership with the State Bank of India (SBI) to provide convenient financing options for residential solar installations. This collaboration allows HomeScape customers to secure loans of up to INR 2 lakhs for installations up to 3 kW and INR 6 lakhs for installations up to 10 kW.
Candi Solar Secures $38 Million in Funding To Accelerate Clean Energy Expansion
Candi Solar, a pioneering clean energy company specializing in solar power solutions for commercial and industrial (C&I) clients, has announced the successful closure of its Series C funding round, securing $38 million in equity investment. This round was led by Norfund, Kyuden International, and STOA, reflecting strong confidence in Candi’s mission and growth trajectory.
GUVNL’s 500 MW Solar Auction Awards To KPI Green, Avaada, BluPine, NRC, And Hinduja With Competitive Tariff Starting At ₹2.67/kWh
Gujarat Urja Vikas Nigam Limited (GUVNL) announced the results of its 500 MW solar auction, highlighting significant awards and competitive tariffs. Avaada Energy secured 200 MW at ₹2.68/kWh, while KPI Green Energy won 120 MW at ₹2.67/kWh. Blupine Energy, NCR Industries, and Hinduja Renewables were awarded 40 MW, 10 MW, and 130 MW, respectively, at ₹2.69-2.72/kWh. This auction reflects GUVNL’s commitment to solar infrastructure, promoting renewable energy in Gujarat, and supporting India’s green energy goals.
Haryana Approves 800 MW Renewable Energy Purchase From SJVN To Meet Growing Energy Demands
The Haryana Power Purchase Centre (HPPC) sought approval to procure 800 MW of renewable energy from SJVN Limited at ₹4.45/kWh for 25 years. This energy, sourced from ISTS-connected projects with storage systems, aims to meet Haryana’s rising energy needs and Renewable Purchase Obligations (RPOs). Approved by the Commission, this agreement ensures 70% Capacity Utilization and 90% peak hour availability. The move aligns with Haryana’s renewable energy goals, offering cleaner, more affordable electricity and enhancing energy security and sustainability.
Major Solar Project Signed Between BluPine Energy And Dalmia Cements Limited In Karnataka
BluPine Energy has announced the signing of a Power Purchase Agreement (PPA) with Dalmia Cements Limited (Bharat) to establish a 46.8 MWp solar project in Karnataka. Upon completion, this venture is anticipated to produce approximately 93 million units of power annually, effectively offsetting over 85 thousand tonnes of CO2 emissions per year. Under a captive open-access model, Dalmia Bharat holds a 26% stake in the BluPine Energy SPV.
Meeting Peak Demand: Haryana’s 689 MW Round-The-Clock Power Procurement Bid
The Haryana Power Purchase Centre (HPPC) petitioned the Haryana Electricity Regulatory Commission to approve 689 MW of round-the-clock power procurement via competitive bidding for June 1 to July 31, 2024, to address peak summer and paddy season power deficits. Despite efforts including short-term tenders and additional power sources, HPPC projected deficits up to 2,411 MW. The tender through the National e-bidding portal resulted in average rates of ₹8.22 per unit for June and ₹6.32 per unit for July.
DERC Approves 100 MW Solar Power Purchase Agreement At ₹2.44/Kwh For TPDDL-SECI Deal Amid Legal Battles
The Delhi Electricity Regulatory Commission (DERC) approved Tata Power Delhi Distribution Ltd.’s (TPDDL) Supplementary Power Sale Agreement with the Solar Energy Corporation of India (SECI) for 100 MW of solar power. The agreement, originally set in 2018, faced regulatory and legal challenges, particularly over tariff rates and trading margins. The DERC’s approval, pending a Supreme Court ruling on trading margins, aims to ensure a stable solar power supply for North and Northwest Delhi, supporting renewable energy integration and sustainability goals.
Competitive Outcomes of GUVNL’s 500 MW Phase II Hybrid Auction: KPI Green, Juniper, Hinduja, JSW Winners
In a recent 500 MW Phase II Hybrid (Wind-Solar) project auction by Gujarat Urja Vikas Nigam Limited (GUVNL), key players secured significant capacities. KPI Green Energy won 50 MW at ₹3.33/kWh, Juniper Green secured 120 MW at ₹3.34/kWh, and JSW Energy obtained 180 MW at ₹3.39/kWh, though initially bidding for 200 MW. Hinduja Renewable also secured 150 MW at ₹3.39/kWh. These competitive bids underscore the growing commitment to renewable energy expansion and India’s sustainable energy goals.
Coal India Announces ₹117 Crore Tender For 23 MW Ground-Mounted Solar Plant In Chandrapur
Coal India subsidiary, The Central Mine Planning and Design Institute Limited (CMPDI) has announced a significant tender for the development of a grid-connected ground-mounted solar power plant in the Majri Area, Chandrapur, Maharashtra. This public sector undertaking invites online bids for the Design, Engineering, Supply, Construction, Erection, Installation, Testing, and Commissioning of a solar power plant with a capacity of 23 MW (AC) and a minimum DC overload capacity of 40%.
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