PROINSO, a global leader in the solar energy market, has partnered with Inspire Clean Energy to offer its project clients one year of free access to the market-leading solar PV plant monitoring software. This offer is exclusive to PROINSO's customers in India and can help save up to $500 per project.
In order to make the 10GW more attractive for Indian as well as global players, SECI has extended the deadline again as well as eased some of the clauses.
Unless India does not make any policy changes, it will not realize the ambitious target of installation of 175 gigawatt of renewable energy capacity by 2022, says GlobalData, a leading data and analytics company.
Tata Power, India’s largest integrated power utility hosted the 2nd Annual Distribution Utility Meet, 2018 today in Mumbai. The event was inaugurated by Mr. Arvind Singh, Principal Secretary – Energy, Government of Maharashtra in the presence of Mr. Praveer Sinha, CEO & MD, Tata Power and Mr. Reji Kumar Pillai, President, India Smart Grid Forum.
JinkoSolar Trading Private Limited - a JinkoSolar Holding Co., Ltd subsidiary, a global leader in the photovoltaic industry, today announced that it successfully received BIS certification for its Photovoltaic Modules.
In July this year, KREDL had floated a tender for the allotment of 150 MWAC (50 MWAC x 3 Blocks) Grid-Connected Ground Mounted Solar Photovoltaic Projects to be implemented in Pavagada Solar Park in the state of Karnataka on “Build-Own-Operate” basis for the procurement of solar power by BESCOM for a period of 25 years.
Giriraj Renewables has bagged all the 3 available blocks, 3 X 50MW project capacities at a tariff of INR 2.92/ unit.
As per the tender, the Bidder could quote for a minimum capacity of 50MW and in multiples of 50 MWAC for multiple projects (“Projects”), for a maximum capacity of 150 MW, subject to the Bidder meeting the Technical Capacity and Financial Capacity as mentioned in the RFP. The maximum allowable capacity to be developed in a Block was limited to 50 MWAC only.
The Projects will now be developed by Giriraj Renewables on a pre-identified land parcel inside the Pavagada Solar Park, i.e. blocks B22, B39 and B40A. The maximum solar power output from a project at the delivery point will be limited to a maximum of 50 MW at any time block of the day that can be scheduled.
Fourth Partner Energy, India’s leading distributed solar energy company has commissioned a 980-kWp carport for ŠKODA AUTO India Private Ltd. at their manufacturing facility in Aurangabad, Maharashtra.
Azure Power, one of India’s leading independent solar power producers, announced that the underwriters of its previously announced follow-on public offering of equity shares have exercised their option to purchase 115,542 additional equity shares.
SECI has extended the bid deadline for setting up of 750 MW Grid-connected Solar PV Power Projects in the State of Rajasthan. The tender was issued on 3 Aug 2018. The bidding deadline has now been extended to 22 Nov 2018.
As part of the Government of India’s target to achieve a cumulative capacity of 100GW Solar PV installation by the year 2022, SECI had invited proposals for setting up of grid connected Solar PV projects in the State of Rajasthan on “Build Own Operate” (B-O-O) basis for an aggregate capacity of 750 MW.
The PPA was to be signed by SECI for a period of 25 years. Power procured by SECI from the above Project will be sold to the State Buying Entity, i.e. Rajasthan Urja Vikas Nigam Limited (RUVNL).
The maximum tariff payable to the Project Developer is fixed at INR 2.93/ kWh for 25 years.
The developer has to mention the expected capacity utility factor (CUF) during bidding. The CUF for the Project shall remain unchanged for the entire term of the PPA. The declared annual CUF shall in no case be less than 17%. The developers will have to maintain generation so as to achieve annual CUF within + 10% and -15% of the declared value till the end of 10 years from COD, subject to the annual CUF remaining minimum of 15%, and within +10% and -20% of the declared value of the annual CUF thereafter till the end of the PPA duration of 25 years.
If for any contract year, the developer fails to generate minimum energy corresponding to the value of annual CUF within the permissible lower limit of CUF declared by the developer, on account of reasons solely attributable to the SPD, such shortfall in performance shall make the solar project developer (SPD) liable to pay the compensation provided in the PSA (Power Sale Agreement) as payable by SECI to Buying Utility(ies) or the Discoms and shall duly pay such compensation to SECI to enable SECI to remit the amount to them.
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given ex-post facto approval for moving a Resolution in the first Assembly of the International Solar Alliance for amending the Framework Agreement of the ISA for opening up the ISA membership to all countries that are members of the United Nations.
Opening the membership of the ISA will put solar energy in global agenda with the universal appeal for developing and deploying solar energy. It will make ISA inclusive, whereby all member countries that are members of the United Nations could become member. Expanding membership will lead to ISA initiative benefitting the world at large.
leading energy utilities firm SP Group revealed the launch of a blockchain-powered renewable energy certificates marketplace.
Fourth Partner Energy has commissioned a 980-kWp carport for Škoda Auto India at their manufacturing facility in Aurangabad, Maharashtra.
- 86% of Azure Power’s 2 GW+ contracted pipeline is with counterparties that have A to AAA domestic debt ratings
- Over 1 GW of the contracted pipeline are with sovereign counterparties