Indian state agrees to procure 1 GW of solar from multiple PV projects
Uttar Pradesh Power Corp. Ltd. (UPPCL) has agreed to procure 1 GW of solar capacity for the Indian state of Uttar Pradesh from projects connected to the nation’s interstate transmission system (ISTS). Solar Energy Corp. of India (SECI) will serve as the intermediary trader.
Blended finance key to scaling small-scale solar projects
The Institute for Energy Economics and Financial Analysis (IEEFA) and auctusESG say in a new report that scaling up financing for renewable energy assets such as solar minigrids depends on the combination of private and public capital in a risk-adjusted return structure.
Larsen & Toubro wins 75 MW floating solar project
Larsen & Toubro, an Indian engineering, procurement, and construction (EPC) specialist, has secured a contract to build a 75 MW floating solar plant on a dam in India.
Indian oil producer unveils alkaline electrolyzer
Bharat Petroleum Corp. Ltd. (BPCL) has developed an alkaline electrolyzer in collaboration with India’s Bhabha Atomic Research Centre (BARC).
India’s SJVN launches 1.5 GW wind-solar hybrid tender
Developers have until March 15 to express interest in setting up 1.5 GW of wind-solar hybrid power projects on a build-own-operate basis throughout India. The projects must connect to the interstate transmission system (ISTS).
India focuses on residential rooftop PV, EV infrastructure in new budget
Indian Finance Minister Nirmala Sitharaman has submitted an interim national budget for fiscal 2024-25 to parliament, with a focus on residential rooftop solar, funding for offshore wind, and support for EV manufacturing and charging infrastructure.
Tata Power lights up Indian tea estate with bifacial PV system
Tata Power Renewable Energy has commissioned a 1.04 MW solar system for the Chengmari Tea Estate in India. The installation features 1,900 bifacial PV modules.
India’s SJVN secures 100 MW of PV for $0.031/kWh
SJVN has secured a 100 MW solar power project from Gujarat Urja Vikas Nigam Ltd. (GUVNL). It will develop the project on a build-own-operate basis in the Indian state of Gujarat.
ICRA expects India to add 17 GW of new PV capacity this year
Ratings agency ICRA says India could install 17 GW of new PV capacity this year and another 20 GW in 2025. It maintained a stable outlook for the renewable energy sector in India on the back of strong policy support, healthy demand prospects, and tariff competitiveness.
India’s GUVNL allocates 200 MW of wind-solar projects at $0.036/kWh
Juniper Green Energy and KPI Green have emerged as winners in Gujarat Urja Vikas Nigam’s tender for 500 MW of grid-connected wind-solar hybrid projects in India. They respectively secured 150 MW and 50 MW of capacity.
