Page 4 - Solar Projects

SBI signs Rs 1,240-cr loan agreement with Germany's KfW for solar projects

State Bank of India has signed a 150 million euro (Rs 1,240 crore) loan agreement with the German development bank KfW for funding solar projects. The long-term loan, under the Indo-German solar partnership, will facilitate new and upcoming capacities in the solar sector and further contribute to the country's goals announced during the COP26, the bank said in a statement on Wednesday. The successful closure of the phase-1 under the solar partnership- promotion of solar/PV between SBI and KfW, paves the way for the current phase-2 in our partnership with this German lender, Ashwini Tewari, a managing director at SBI said. With this facility, he added, the bank has taken another step towards sustainable financing arrangements for meeting the nation's renewable capacity goals and upholding environmental and social standards. In 2015, New Delhi and Berlin had signed a memorandum of understanding to foster solar energy through technical as well as financial cooperation. Through this ..

Tata Power Renewable Energy to set up 150 MW solar project in Solapur

Tata Power Renewable Energy said it has received a 'letter of award' to set up a 150 MW solar project in Solapur, Maharashtra. The project will be commissioned within 18 months from the power purchase agreement (PPA) execution date. "Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power receives the 'Letter of Award' (LoA) from the Maharashtra State Electricity Distribution Corporation Ltd (MSEDCL) to set up 150MW solar project in Solapur, Maharashtra," it said in a statement. The LoA was won through tariff-based competitive bidding followed by an e-reverse auction, it added. TPREL CEO Ashish Khanna said, "The award is in line with our commitment to create a sustainable ecosystem for transitioning towards a greener future and affirms our potential to deliver...world-class solar projects." With this, the total renewables capacity of TPREL has reached 5,786 MW with an installed capacity of 3,877 MW (solar - 2,949 MW and wind - 928 MW) and 1,909 MW under various stages

Reverse auction must be done away with in solar: Vikram Solar vice chairman

In a Q&A, Gyanesh Chaudhary dwells on the gaps in the PLI scheme for solar projects and his company's current and future plans in this space

Solar projects can't use concessional duty as govt seeks to curb imports

Step seeks to stop project developers from avoiding basic customs duty, but it could raise cost of production

Next big thing is to take solar to everyone's life: ISA Director-General

In a Q&A, Dr Ajay Mathur talks about the Alliance's current agenda, and financing and capacity building plans across green sectors

SJVN unit, Assam discom to form JV to set up 1kMW floating solar projects

State-owned SJVN on Monday said its arm SJVN Green Energy and Assam's power distribution company APDCL have inked a pact to form a joint venture to set up 1,000 MW floating solar projects worth Rs 6,000 crore in Assam. Nand Lal Sharma, Chairman & Managing Director, SJVN, informed in a statement that a Memorandum of Understanding (MoU) has been signed between SJVN's wholly-owned subsidiary SJVN Green Energy Ltd (SGEL) and APDCL (Assam Power Distribution Company Ltd) in Guwahati. According to the statement, the MoU has been inked for developing 1,000 MW floating solar power projects in Assam by incorporating a joint venture company in the presence of the state chief minister Himanta Biswa Sarma. The MoU was signed by Sharma and APDCL managing director Rakesh Kumar. Sharma said that the project will generate 2,192 million units in the first year after commissioning, and around 50,425 million units cumulative energy will be generated over 25 years. An investment of Rs 6,000 crore will

Gujarat tops in rooftop solar with 84% of country's installations

Overall, only a third of India's residential rooftop solar capacity has been installed

Solar projects awarded before customs duty change allowed cost pass-through

Change in law allowed for hike in GST rate too as project developers face cost hikes

Module producers, project developers at loggerheads over solar policy

Both are cogs in the wheel to help India install 500 gigawatts (Gw) of non-fossil fuelled power by 2030

WAARE partners with SBI to finance projects for consumers, channel partners

/ -- WAAREE, India's largest Solar Panel manufacturer, has entered into an Agreement with SBI for availing unsecured financing for solar projects through Surya Shakti Solar Finance Scheme and providing working capital for Channel Partners under EDFS (Electronic dealer finance scheme). WAAREE intends to leverage over 500 Cr of a credit line through Surya Shakti Solar Finance Scheme and provide a digital platform for hassle-free journey to loan applicants for financing solar projects. WAAREE enjoys the largest footprint across India through its Channel partner network, which caters to the customer base in the remotest corner of the country. This unsecured financing facility shall be extensively used by Commercial Institutions, Industries, Resorts, hotels, Manufacturing Units, Warehouses for adopting solar as their new energy source. Hence boosting solar penetration across India, aiding our country's energy security and accelerating decarbonization of power. The entire ecosystem has bee

Tata Motors signs PPA with Tata Power to develop onsite solar project

Tata Motors has signed a Power Purchase Agreement (PPA) with Tata Power to develop a 7.25 Mwp onsite solar project at its commercial vehicle manufacturing facility here. The project will be a significant move to increase the renewable energy portfolio at its manufacturing facility, the company said in a statement on Tuesday. With this project, the onsite solar plant capacity of Tata Motors' Jamshedpur facility will reach 14 MWp, which will generate 442 million units of green electricity having the potential to reduce carbon emission by 3.5 lakh tonnes. This is equivalent to planting 5.6 lakh trees. Commenting on the occasion, Vishal Badshah, Plant Head, Jamshedpur, Tata Motors said, "It has been our continuous endeavour to reduce greenhouse gas emissions to achieve Net Zero Emission goal. With this agreement, we are reaffirming our commitment to sustainability by increasing the share of renewable energy in our operations. We firmly believe that this will strengthen our journey towar

NGSL to build balance of systems for 325-MW solar projects in MP's Shajapur

Engineering firm NTPCGE Power Services Pvt Ltd has bagged contracts to build balance of systems for two power projects with total capacity of 325 MW at Shajapur Solar Park in Madhya Pradesh

NTPC's 100 MW floating solar project becomes fully operational in Telangana

NTPC on Friday said its 100 megawatt (MW)floating solar photovoltaic project in Telangana has become fully operational. "Consequent upon successful commissioning, last part capacity of 20 MW out of 100 MW Ramagundam floating solar PV project at Ramagundam, Telangana is declared on commercial operation with effect from 00:00 hours of 01.07.2022," it said in a BSE filing. With this, the standalone installed and commercial capacity of NTPC has become 54,769.20 MW, while group installed and commercial capacity is 69,134.20 MW. The company did not provide any financial details of the project.

SJVN to invest over Rs 1,000 cr in 3 solar projects in UP, says CMD Sharma

Power producer SJVN will invest over Rs 1,000 crore to set up three renewable energy projects in Uttar Pradesh.

NTPC adds additional 42.5MW capacity at Ramagundam floating solar project

Earlier the company had commissioned 17.5 MW (Part-I) and 20 MW (Part-II) of the Ramagundam floating solar project

MNRE approves development of 400MW solar project in Kinnaur by SJVN

SJVN is gearing up for preparation and submission of Detailed Project Report (DPR) at the earliest in accordance with the timelines of the solar park scheme

Solar projects of 107 GW either installed or under implementation: Minister

Solar energy generation projects totalling 107.46 GW are either installed or under various stages of implementation or tendering, Parliament was informed on Tuesday. India had set a target of having 100 GW of solar energy by 2022. "... a total of 107.46 GW solar energy capacity has either been installed or under various stages of implementation or tendering," Power and New & Renewable Energy R K Singh said in a written reply to the Rajya Sabha. The minister informed the House that a total of 46.25 GW of grid connected solar energy capacity has been installed in the country as of October 31, 2021. Further, a total of 36.65 GW capacity is under various stages of implementation and 24.56 GW capacity has been tendered. He also told the House that 7,555.16 MW of renewable energy capacity has been added during the current fiscal till October 31, 2021. India has added renewable energy capacity of 7,866.13 MW in 2020-21 and 9,061.26 MW in 2019-20. In a separate reply to the House, the ..

Solar open access installation rises nearly 7-fold in April-June: Report

Cumulative solar installations in the open-access market have now surpassed 4.5 GW as of June 2021: Report

Tata Motors inks pact with Tata Power for rooftop solar project in Pune

Tata Motors on Tuesday said it has inked a pact with Tata Power to install and operate a 3 MWp rooftop solar project at its passenger vehicle business unit (PVBU) plant in Pune. The automaker said it has signed a solar power purchase agreement with Tata Power. The solar rooftop project is expected to generate nearly 45 lakh KWh per year, reducing carbon emissions by around 3,538 tonnes per year, it added. "After the recent inauguration of India's largest solar carport at our car plant in Pune, this project marks a new milestone in our ongoing efforts to reduce our impact on the planet," Tata Motors Passenger Vehicle Business Unit Vice President - Operations - Rajesh Khatri said in a statement. Energy efficiency is at the core of the company's efforts and reducing GHG emissions and the carbon footprint of products play a vital role, he added. "We will continue to conserve energy in our manufacturing facilities, optimising the consumption of non-renewable fossil fuels, energy ...

ReNew Power commissions 250 MW solar project in Rajasthan's Jaisalmer

ReNew Power on Thursday announced that it has commissioned a 250 MW solar project in Jaisalmer district, Rajasthan.