January - 2021

Open Access Solar Installations Increased by 56% in 2020 Despite Challenges

Jan 31, 2021
2 min

Open Access Solar Installations Increased by 56% in 2020 Despite Challenges

Open access installations remain relatively small but are growing thanks to increasing interest by corporates in buying OA projects The total installed capacity in the open access (OA) market as of December 2020 stood at almost 4 GW, with a project development pipeline of over 1 GW, according to Mercom India Research’s newly updated report, Open Access Solar Market in India – Key States. The report covers OA markets in key states like Karnataka, Andhra Pradesh, Telangana, Mah

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IREDA Floats 5 GW Tender For Grid-Connected Solar Power Projects Under CPSU Program

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Jan 31, 2021
2 min

IREDA Floats 5 GW Tender For Grid-Connected Solar Power Projects Under CPSU Program

The last date to submit the bids is March 04, 2021 The Indian Renewable Energy Development Agency (IREDA) has floated a tender for the setting up of 5 GW of grid-connected solar power projects in India (Tranche III) under the Central Public Sector Undertaking (CPSU) program (Phase II). The last date to submit the bids is March 04, 2021. Bids will be opened on March 08th. The pre-bid meeting will take place on February 18th. Bidders will have to pay an amount of ₹400,000 (~$5

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500%-800% Rise in Freight Charges Adding Financial Burden on Solar Projects

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Jan 31, 2021
3 min

500%-800% Rise in Freight Charges Adding Financial Burden on Solar Projects

Some developers are terminating contracts at FOB Incoterms when the freight arrives at the port Indian solar developers face a new challenge while importing modules, especially from China. Solar companies are reporting that shipping/freight charges have shot up substantially in the range of 500%-800% in the last quarter, raising the cost of new installations. As a result, contracts are being terminated at FOB (freight on board) Incoterms and the freight at actuals at the port

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Vikram Solar Commissions 140 MW Solar Project for NTPC in Uttar Pradesh

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Jan 30, 2021
2 min

Vikram Solar Commissions 140 MW Solar Project for NTPC in Uttar Pradesh

NTPC Limited has informed the stock exchanges that it has commissioned a 140 MW Solar Project at Bilhaur, Kanpur, Uttar Pradesh. The Statement -“In line with the Corporate Disclosure requirements, we wish to inform that consequent upon successful commissioning and due approvals, 140 MW capacity Bilhaur Solar PV Project at Bilhaur, Uttar Pradesh, has been declared on Commercial Operation w.e.f. 18.01.2021. With this, the commissioned capacity of Bilhaur Solar PV Project, NTPC

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Grinntech To Boost Up Lithium-Ion Batteries Production in New Manufacturing Plant

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Jan 30, 2021
2 min

Grinntech To Boost Up Lithium-Ion Batteries Production in New Manufacturing Plant

Grinntech, a startup focused on Lithium-Ion batteries for electrical vehicles (EVs) and energy storage systems announced the inauguration of their larger manufacturing plant in Chennai. The new manufacturing plant is built on a one-acre plot, it will have a capacity to produce 400 MWh per year of Lithium-Ion batteries suitable for electric two-wheelers, three-wheelers, farm tractors, and light vehicles. Recounting their achievements, the Co-Founder of Grinntech Puneet Jain st

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Tata Power Solar Confirms Rs 460 Crore Project Award From GSECL

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Jan 30, 2021
2 min

Tata Power Solar Confirms Rs 460 Crore Project Award From GSECL

Tata Power Solar has received an LoA to build a 95 MW solar project for GSECL, the order value of the project is approximately Rs 460 crores. Tata Power Solar, one of India’s largest integrated solar companies and a wholly-owned subsidiary of Tata Power, has announced that it has received a Letter of Award (LoA) to build a 95 MW ground-mounted solar PV project for Gujarat State Electricity Corporation Limited (GSECL). The order value of the project is approximately Rs 460 cro

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Banking Energy for Wind Power Projects Will Continue: APTEL

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Jan 30, 2021
4 min

Banking Energy for Wind Power Projects Will Continue: APTEL

The Tribunal said that the Commission's order relied only on the pleas of the DISCOM The Appellate Tribunal of Electricity (APTEL) has set aside an order of the Tamil Nadu State Electricity Regulatory Commission (TNERC) regarding the banking of energy, terming it unjust. The Tribunal reiterated that energy banking for renewable energy projects will continue and the state commissions should not tamper with the provision. TNERC had in an order in 2018 increased the banking char

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NTPC Invites Bids for Setting up Methanol Production Facilities Across India

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Jan 30, 2021
2 min

NTPC Invites Bids for Setting up Methanol Production Facilities Across India

The last date to submit the bids is March 31, 2021 NTPC Limited has invited expression of interest (EoI) from Indian and global companies to set up methanol manufacturing facilities at its power projects across India. The setting up of these facilities will be subject to approvals from the state and central governments. The facilities will be developed in an aggregator mode on a build, own, and operate (BOO) basis. The last date to submit the bids is March 31, 2020. The bids

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CDC Announces $30 Million Green Lending Facility to Tata Cleantech Capital

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Jan 30, 2021
2 min

CDC Announces $30 Million Green Lending Facility to Tata Cleantech Capital

The facility will help provide loans for e-mobility solutions and energy efficiency U.K.’s development finance institution and impact investor, CDC Group, has announced a $30 million facility to Tata Cleantech Capital Limited (TCCL) through CDC’s directed green lending facility. This first of its kind facility will enable Tata Cleantech Capital to offer loans to businesses that focus on e-mobility solutions and water and energy efficiency to help mitigate climate change. Tata

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India and Denmark Launch Green Strategic Partnership

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Jan 29, 2021
2 min

India and Denmark Launch Green Strategic Partnership

India and Denmark have begun a new era in the form of a far-reaching “Green Strategic Partnership” that will enable Denmark in delivering sustainable solutions to India. India and Denmark have begun a new era in the form of a far-reaching “Green Strategic Partnership” that will enable Denmark in delivering sustainable solutions to India. The Green Strategic Partnership is a mutually beneficial arrangement to advance political cooperation, expand economic relations and green g

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