Page 3 - Solar Project

Tata Power to develop 4 MWp solar project at Tata Motors' Pune plant

Tata Power on Wednesday said that it has inked a pact to develop a 4-MWp solar project at Tata Motors' Pune plant. "Tata Motors and Tata Power have entered into a Power Purchase Agreement (PPA) to develop a 4-MWp on-site solar project at Tata Motors' Pune commercial vehicle manufacturing facility," a BSE filing said. The installation is collectively expected to generate 5.8 million units of electricity, potentially mitigating over 10 lakh tonnes of carbon emission. This is equivalent to planting over 16 lakh teak trees over a lifetime, it stated. Alok Kumar Singh, Plant Head, Commercial Vehicle Manufacturing Facility, Tata Motors, said, "In FY22, the total renewable energy contribution at our CV Pune plant was 32 per cent. With this agreement, we reaffirm our commitment to moving closer to our goals of cultivating 100 per cent renewable energy capacity." Until FY22, Tata Motors at its Pune plant, including at its passenger and commercial vehicle manufacturing facilities, deployed

Tata firm gets letter of award worth Rs 596 crore for MP solar project

Tata Power Solar Systems Ltd (TPSSL) has received a letter of award worth Rs 596 crore from NHDC to set up a 125MWp floating solar project in Madhya Pradesh. NHDC is a joint venture of state-owned hydro power giant NHPC and the Madhya Pradesh government, a statement by Tata Power Company Ltd said on Wednesday. NHDC had invited bids early this year for this project to be set up at the Omkareshwar reservoir in Khandwa district of Madhya Pradesh. The LoA was awarded through tariff-based competitive bidding. The project will be commissioned within 13 months from the date of issuance of the letter of award (LoA) and will provide sustainable power to MP Power Management Company. With this win, the company's total utility-scale solar project portfolio touches 9.8 GWp. As on date, TPSSL's total order book stands at Rs 14,908 crore. TPSSL, a solar EPC company, is a wholly-owned subsidiary of Tata Power Renewable Energy Ltd (TPREL). Tata Power holds 93.94 per cent stake in TPREL.

Tata Power Solar commissions 160 MW solar project in Rajasthan

Tata Power Solar has commissioned a 160 MW AC solar project at Jetstar in Rajasthan.

India's solar capacity addition jumps over three-fold to 7.4 GW in Jan-Sep

The solar energy generation capacity addition rose 335 per cent to 7.4 GW in the January-September period this year from 1.73 GW a year ago, said Mercom India Research

Tata Power bags solar project worth Rs 945 cr from Solar Energy Corp

The contract involves building 100 MW EPC solar project along with 120 MWh utility scale battery energy storage system

Reliance New Energy Solar to invest in NexWafe as strategic lead investor

Reliance, through this partnership, will secure access to NexWafe's proprietary technology and plans to build large-scale wafer manufacturing facilities in India using NexWafe processes and technology

Adani Green arm acquires 40 Mw operating solar project in Odisha

The project has a long-term power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for Rs 4.235 per unit, with remaining PPA life of about 22 years

Coal India arm Eastern Coalfields installs 250 kW rooftop solar project

Eastern Coalfields Ltd, a subsidiary of Coal India, has commissioned a 250-kilowatt rooftop solar power project, ramping up its total installed solar rooftop capacity to 692 kW

Andhra Pradesh High Court quashes state's 6.4-Gw solar project tender

Adani Green Energy in February won five mega solar power projects of 600 megawatt each under the tender

ACME joins hand with UNSOPS & IFU for 250 MW solar project

The total value of the project is close to US$ 200 million, of which about a quarter would be financed through equity contributions by the three co-investors, ACME said in a statement.

Floating solar project at Omkareshwar to begin power generation by 2022-23

The world's largest floating 600 MW solar energy project to be constructed at Omkareshwar dam on Narmada river will begin power generation by year 2022-23

Sterling & Wilson Solar shareholders approve reappointment of Pallon Mistry

Resolution pertaining to material related-party transactions also approved

India may give reprieve to solar projects delayed by coronavirus fallout

Anand Kumar, India's renewable energy secretary, said all the contracts have a 'force majeure' clause that companies can invoke to secure an extension on the project schedules

Rajasthan levies Rs 2-5 lakh cess on solar projects, registration fee up 5x

Sector experts say move will hike project costs exponentially, call for tariff hike every year to offset burden

Modi's solar mission doubtful as policy confusion dims investor sentiments

Safeguard duties, a lack of long-term buyers and inefficient cost structures are all holding back Modi's ambitious plan

Aditya Birla, Mahindra, Hero bid for 200 Mw solar project in Odisha

The bids have a greenshoe option wherein Gridco can go up to 300 Mw capacity in solar installs

Govt to set up $350 mn fund in bid to add 175Gw in renewable energy by 2022

Installed renewable power capacity is currently about 60 GW, and India plans to complete the bidding process by the end of 2019/20 to add a further 115 GW

New solar bidding guidelines will boost investors' morale: Icra

Rating agency ICRA says the recent guidelines for solar energy bids, introduced by the ministry of new and renewable energy, is a positive development for the sector. These address, it says, some key concerns. Such as on offtaker credit profile, grid curtailment and termination payments. Also, the procurer may choose to provide a state government guarantee in a legally enforceable form, for payment of energy charges and termination compensation.The guidelines provide for compensation to solar power generators in case of offtake constraints, including delay from the side of the government or procurer. Tamil Nadu and Rajasthan are among the states which have resorted to grid curtailment for renewable energy. Unlike conventional power, there is a single-part rate structure in renewable ebergy projects; hence, cash flows and debt serviceability is directly linked to actualgeneration and offtake by procurers. Sabyasachi Majumdar, senior vice-president at ICRA, said barring the Rewa Solar ..

Govt bars states from independently exiting, modifying solar project pacts

Government aims to raise solar power generation capacity nearly 30 times to 100 Gw by 2022