Page 3 - Solar Power

Torrent Power and Sembcorp Industries in race to buy Vector Green Energy

The transaction is expected to have an equity value of 30 billion rupees ($377 million) and an enterprise value of 50 billion rupees

Centre set to abolish reverse auction bidding in wind energy sector

"The lowest tariff, or L1, would be averaged for these states. The power from these projects will be bundled and sold by SECI," said a source

Biocon to buy 26% stake in AMPYR Renewable Energy Resources Eleven

The company has entered into an agreement for the purpose of "acquisition of solar power by acquiring equity stake up to 26 per cent in AREREPL", it said.

China tests technology that could beam solar power from space to Earth

Chinese researchers have successfully tested a full-system model of technology that could one day wirelessly transmit solar power from outer space to Earth

Taxing times for solar power as govt frowns at imports, pushes local

A new tax on solar equipment imports plus mandatory purchase of local modules will raise costs significantly and dim the outlook for meeting green energy targets

Maruti Suzuki sets up a 20 MWp solar power plant at Manesar facility

The initiative will contribute 28,000 MW per annum, which is equivalent to the energy required for the production of over 67,000 cars annually

Cairn Oil and Gas to convert Mangala pipeline to solar power by 2025

Cairn Oil & Gas, a unit of mining giant Vedanta Ltd, will convert a pipeline that ships crude oil from its prolific Rajasthan oilfields to Gujarat to solar power by 2025. To commemorate World Environment Day on June 5, Cairn Oil & Gas will convert the Mangala pipeline to solar. It will install solar rooftop PVs in all the 36 Above Ground Installations (AGIs) along the pipeline by 2025, the firm said in a statement. The Mangala pipeline is the world's longest continuously heated and insulated pipeline that runs from oilfields of Rajasthan to refineries in Gujarat -- traversing 705 km. Discovered in 2004, Cairn's Mangala oilfield in Barmer district of Rajasthan was the largest global discovery of the year and India's largest onshore discovery in 25 years. The field is also home to the Mangala pipeline -- a technology marvel that was built to make the transportation of waxy crude produced from the prolific oilfield a thriving reality. Now, this celebrated pipeline is making the ..

Shell agrees to buy Solenergi Power from UK-based Actis for $1.55 bn

Shell said its unit, Shell Overseas Investment, would buy 100% of Solenergi Power Private Limited, the flagship company of Sprng Energy group, from UK-based investor Actis

ReNew Power inks 5 PPAs to supply around 1500 MW solar energy

ReNew Power on Thursday said it has signed five power purchase agreements (PPAs) for the supply of around 1,500 MW electricity generated from solar plants. The company has signed PPAs with Solar Energy Corporation of India (SECI) and Punjab State Power Corporation Ltd (PSPCL), as well as multiple long-term purchase agreements with corporate buyers together totalling around 2 GW, a company statement said. This has seen the company's gross total portfolio jumping to 12.1 GW from 10.2 GW at the beginning of this calendar year. The new utility solar projects will be located in the western state of Rajasthan and have flat tariffs over 25 years. Four solar PPAs have been signed with SECI and one with PSPCL. Two PPAs of 600 MW and 375 MW are under the SECI Rajasthan IV scheme, where ReNew will supply electricity at Rs 2.18/kWh. The other two PPAs with SECI for 300 MW and 100 MW are under the SECI IX scheme and have a tariff of Rs 2.37/kWh. The ReNew recently acquired a beneficial inter

UP health centres to have solar-powered fridges to keep Covid vaccines safe

A student from an engineering college in Uttar Pradesh's Kanpur has built a solar energy-run refrigerator which can be used to safeguard and prevent wastage of Covid-19 vaccines

India to fall short of 2022 target of solar capacity by 27%: Report

India is projected to fall "well short" of its target for 2022 of having 100 GW of installed solar capacity, largely due to slow uptake of rooftop solar, a new report by JMK Research and IEEFA said

Tax clouds over solar power: Still a long way for the sun to shine in India

Import duties on modules and cells from April 1 will add to the regulations and legacy issues confronting solar power developers

TN plans 20,000 MW solar plants at a cost of Rs 70K crore by 2030

Tamil Nadu Generation and Distribution Corporation (Tangedco) is planning to install solar power plants of 20,000 MW capacity at an cost of Rs 70,000 crore by 2030.

India adds record 1,700 megawatt rooftop solar capacity in 2021: Mercom

India installed a record 1,700 megawatt (MW) of rooftop solar capacity in 2021, registering a 136 per cent year-on-year rise, according to a Mercom India Research report.

National Portal to assist households to set up solar systems on their roofs

The portal would be a one-stop destination for residential consumers to register, install or hire a vendor to install a rooftop solar power system (RTS)

ReNew Power sells its rooftop solar portfolio to Fourth Partner Energy

Deal valued at Rs 672 crore. Fourth Partner Energy is backed by TPG and Norfund.

Artha Energy launches Fintech platform for investing in Renewable assets

Firm says this is first such fintech platform for HNIs to own and invest in renewable assets; the facility already has assets worth Rs 7 crore which includes four projects

North Central Railway generates 94 lakh units of energy using solar power

The productivity of solar plants in North Central Railway (NCR) is registering an upward trajectory by generating 94 lakh units of energy.According to the information given by North Central Railway, comparing to generated 81 lakh units of energy using solar power during April-December 2020-21, this year 94 lakhs units of energy have been generated using solar power in the same period, an improvement of 16 per cent over last year.It is a big leap towards a larger goal of environmental protection as solar energy is a greener source of energy, and also led to substantial savings in revenue too.The official statement read that NCR has achieved a net revenue saving of 3.82 crores using solar power during April-December 2021.As per the information, NCR has a total installed capacity of 11.03 MWp. While 120 kWp has been installed by the Railway, the remaining 10882.34 kWp capacity has been installed by two major Solar Power Developers (SPD) Azure and ReNew on a PPP basis.Among the major ...

Haryana is leading state in solar pumps installation: Manohar Lal Khattar

Khattar provided solar pumps to the farmers during an inauguration programme held through videoconferencing from Chandigarh

Solar open access installation rises 2-fold to 307 MW in July-Sept: Report

Maharashtra, Gujarat and Karnataka accounted for 11 per cent, 10 per cent, and 7 per cent of the installations