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TEDA bids for 50 MW solar power

According to reports, Tamil Nadu Energy Development Agency (TEDA), the State nodal agency for promoting renewable energy, is bidding in Tangedco’s tender for procuring 500 MW of solar power. TEDA has bid for 50 MW capacity in the tender at a price of ₹4.44 per kilo watt hour, making it the second highest in terms of capacity. Rays Power Infra Pvt. Ltd had bid for ₹4.40/kwh for setting up 100 MW capacity, which was the lowest bid against its benchmark ... Read More »

First Solar may sell about 200MW of assets in India

According to reports, American solar panel maker First Solar is exploring the sale of almost 190-200 megawatts (MW) of its solar power assets in India, two people aware of the development said. First Solar is a leading global provider of comprehensive photovoltaic (PV) solar systems and has supplied solar panels worth over 17 gigawatts (GW), globally, according to the company’s website. “First Solar India has been contemplating to monetize its solar power assets of around 190-200 MW and they are ... Read More »

Solar power rates have not fallen in the past 18 months: Bridge to India

According to reports, amid widespread talk of falling solar tariffs, a recent study has thrown up a contrary conclusion. “Adjusted for changes in capital costs and other parameters, bids in India have not trended down in the last 18 months,” Bridge to India, a consultancy, said in a report that analysed price trends across major auctions conducted from July 2015 to December 2016. “Harmonised tariffs have stayed reasonably stable around the average level.” The average harmonised price has been Rs ... Read More »

Making power while the sun shines

According to reports, for the residents of Idihalli, a remote village in Tumakuru district of Karnataka, the shimmering 30 Mega Watt (MW) solar farm— that generates 30,000000 volt ampere power—set up in their vicinity is a big surprise. People are happy that they are a part of the first solar farm of India, and are contributing their bit in generation of clean energy. Thanks to the Mumbai-based CleanMax Solar, one of India’s largest rooftop solar power developers, today this solar ... Read More »

First Russian investment in solar sector in Tamil Nadu

According to reports, taking cooperation between Russia and India in renewable energy to a new level, Russian joint venture Miyota Power India and Chennai-based  Al Ameen Green Energy on Mar. 17 signed an agreement for a 100-megawatt (MW) solar photovoltaic (PV) power plant in Virudhunagar, Tamil Nadu. The Russian partner will invest around $80 million in the project. The agreement for financing and EPC (Engineering, Procurement, and Construction) was signed on the sidelines of IESS trade show in Chennai, marking ... Read More »

India’s solar capacity to cross 20GW in next 15 months: Piyush Goyal

According to reports, India’s solar power generation capacity would cross 20,000 MW in the next 15 months from the current level of 10,000 MW, Power Minister Piyush Goyal said. “On 10th of March this year the installed solar power capacity in India has crossed 10,000 MW, four times the installed capacity three years back, which in next 15 months would cross 20,000 MW,” a Power Ministry statement quoted the minister as saying. “India could not have completely focused on Making ... Read More »

NEXTracker partners with to APL Apollo Tubes to expand domestic manufacturing

According to reports, global solar tracker manufacturer, NEXTracker has partnered with APL Apollo Tubes for manufacturing a bulk of its products in India. According to a press statement, NEXTracker will be increasing its local steel content percentage to over 80 per cent by volume and weight of its final product. NEXTracker also assess that the association with new Indian steel manufacturer reduces shipment time by up to 50 per cent. Shares of APL Apollo closed 4.91 per cent higher in ... Read More »

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