Page 8 - Solar Power Projects

SJVN bags 90 MW floating solar project worth Rs 585 crore in Madhya Pradesh

State-run SJVN Ltd has bagged a 90 MW floating solar project worth Rs 585 crore at Omkareshwar, in Madhya Pradesh. SJVN has bagged 90 MW Floating Solar Project at the rate of Rs 3.26/Unit on Build Own and Operate basis in a tender floated by REWA Ultra Mega Solar Ltd (RUMSL), Nand Lal Sharma, Chairman & Managing Director, SJVN said in a statement. SJVN will develop this project in the country's largest floating solar park at Omkareshwar in Khandwa District of Madhya Pradesh. According to the statement, the cost of developing this project will be approximately Rs 585 crore. After commissioning, the project will generate 219 Million Units in the first year and 5,158 Million Units over a period of 25 years. The Power Purchase Agreement will be signed between RUMSL and SJVN for 25 years. The project shall be commissioned within a period of 15 months from the date of signing of PPA. "This is our largest floating solar project bagged through tariff-based competitive bidding process.

Japan's Mitsui to invest in ReNew Power's renewable energy project

ReNew Power renewable energy project to provide 400 MW of electricity to state-owned electricity.

Scatec and ACME put $400 million India solar development on hold

Scatec entered the Indian market last year by partnering with ACME to build the plant in the state of Rajasthan under a 25-year power purchase agreement with Solar Energy Corporation of India (SECI)

China may fall short on 2021 solar power target, hit by raw material costs

China's installed solar capacity could miss expectations to reach just 45 gigawatts (GW) to 55 GW this year, the solar manufacturing association said

Azure Power signs 600 MW purchase agreements with SECI under 4 GW Projects

Azure Power announced that it has signed Power Purchase Agreements (PPAs) for 600 MW ISTS connected solar power projects with Solar Energy Corporation of India (SECI)

PLI funding for solar manufacturing to be raised to Rs 24,000 cr: Minister

The government will soon enhance the funding under the production linked incentive (PLI) scheme for the domestic solar cells and module manufacturing to Rs 24,000 crore from the existing Rs 4,500 crore to make India an exporting nation. "We brought the PLI scheme (for solar cells and modules) worth Rs 4,500 crore. We invited bids and we got 54,500 MW manufacturing capacity of solar equipment. We asked the government to sanction Rs 19,000 crore more under the PLI, which was approved (in-principle). Now we would have a PLI of Rs 24,000 crore. We would be exporting solar equipment," Power and New & Renewable Energy Minister R K Singh told PTI. The minister also informed that at present solar module manufacturing capacity in the country is 8,800 MW while the solar cell manufacturing capacity is 2,500 MW. In April this year, the Union Cabinet approved a Rs 4,500 crore production linked incentive (PLI) scheme to boost domestic manufacturing capacity of solar PV modules. The scheme is ..

ISRO can suggest ideal locations to set up solar power projects

Indian space agency can suggest the ideal location to put up a solar power farm with the data gathered from its geostationary earth observation satellites within and outside India, said a top official

Tata Power arm TP Saurya gets LoA for 330 MW solar project in MP

Tata Power on Thursday said its arm TP Saurya has received a letter of award from Rewa Ultra Mega Solar Limited for setting up of 330 MW solar project in Madhya Pradesh. "TP Saurya Limited (TPSL), a wholly owned subsidiary of Tata Power, has received a 'Letter of Award' (LoA) from Rewa Ultra Mega Solar Limited (RUMSL) to build 330 MW (Unit-1:160 MW + Unit-2:170 MW) of solar project in Neemuch Solar Park of Madhya Pradesh," a company statement said. This project has been awarded through tariff-based competitive bidding followed by e-reverse auction, it stated. Chief Minister of Madhya Pradesh Shivraj Singh Chouhan, in the presence of Hardeep Singh Dang, Minister of Department of New and Renewable Energy; Sanjay Dubey (IAS), Principal Secretary; Akash Tripathi (IAS), MD, MPPMCL & other key dignitaries handed over the LOA to Ashish Khanna, President - Renewables, Tata Power. Speaking on the achievement, Praveer Sinha, CEO & MD, Tata Power, said in the statement, "We are glad to

Centre questions Chhattisgarh's solar-powered irrigation pump bids

Ministry says state wasted Rs 200 cr of Kusum scheme grant with high bids

Trouble for renewable energy producers as peak power demand turns dodgy

Data shows that demand doesn't peak in the day, when solar and wind production is optimum, but at night after the Sun has set

Even in India's sunny cities, rooftop solar systems come under a cloud

Inconsistent regulatory policies, high costs, patchy implementation of subsidy scheme and lack of awareness are some of the hurdles

End of thermal PPAs to help renewable power purchase, says SECI CMD

Jatindra Nath Swain, chairman and managing director, SECI, spoke to Shreya Jai about the growth prospects of the RE sector in India, the challenges, and plans

India's renewable energy plan of 175 GW by FY22-end faces multiple risks

Sector comes of age with large companies driving growth, but land acquisition and regulatory delays hamper the immediate target of achieving 175 Gw capacity by FY22 end

NTPC set to construct India's largest solar power park in Kutch

Ministry okays 4.75-Gw solar power project

Govt plans to contest Supreme Court order on great Indian bustard

Solar power not cause of increased bird deaths, will be basis of state's argument

A giant, poor-sighted bird stands in the way of India's green energy goals

The effort to save the great Indian bustard holds risks for what is arguably an even larger environmental cause.

IREDA invites bids from module manufacturers for Rs 4,500-cr solar PLI

The Centre had approved the scheme to boost domestic manufacturing of solar Photo Voltaic (PV) modules

Plummeting RE tariffs edge out small players even as bigger ones expand biz

The sharp drop in renewable energy tariffs is encouraging smaller players to exit even as larger ones look to innovative financing methods to expand their portfolios

Solar-powered India? The gap between ambition and reality is growing

India has a target of generating 100 Gw solar power by 2022 and set up a self-reliant industry for it

Samsung unit considers $673 million solar power plants in Texas -documents

Berkeley, CALIFORNIA (Reuters) - A unit of Samsung C&T is considering investing $673 million in building solar power plants in Texas, aiming to start commercial production in December 2023, documents reviewed by Reuters showed.