This is the third biggest order in continuation that the company has secured from Azure Power after completion of projects in Andhra Pradesh and Gujarat, as confirmed by the company’s spokesperson. In a significant development, Gurgaon based Radite Energy has bagged 70 MW solar project from Azure Power for Pavagada solar park located in Karnataka. This […]
The company will sign a 25 year Power Purchase Agreement (PPA) with Assam Power Distribution Company Ltd (APDCL) at a weighted average tariff of Rs 3.37 (~US cents 5.2) per kWh. India’s one of the leading solar power producers Azure Power has won the largest solar power project of 75MW in Assam in the North […]
Revision in feed-in tariff rates and imposition of installation caps for solar power projects by the Chinese government is expected to negatively affect the demand for solar modules in China. Credit rating agency ICRA said that the reduction in subsidies for solar energy projects in China will benefit Indian solar independent power producers (IPPs) with softer module prices. The agency said in a statement […]
The new amendments by the MNRE have also dropped the requirements under which the state government was obliged to buy 20% of the power from the distribution companies (DISCOMs). Thus it would no longer be required to get a commitment from the state government to buy at least 20% of the total power produced in […]
As per the tender terms, the company will sign a 25 year Power Purchase Agreement (PPA) with Mahagenco at a tariff of Rs 3.07 (~US 4.7 cents) per kWh. Yet adding another feather in the cap, Indian solar power producer, Azure Power, has enhanced its portfolio by crossing the 2 GW milestone by winning four […]
TEDA has set three objectives for development of solar parks in the state such as develop quality infrastructure for solar energy, bring appropriate technology to achieve optimum efficiency, and achieve energy security in the state of Tamil Nadu. Riding on the ‘Vision Tamil Nadu 2023’ for renewable energy and the renewable energy purchase Obligations (RPO) […]
The bottlenecks for the development of park are likely to be less as the state has already procured the land identified for the project. The project will be able to move at a rapid pace. Government officials also reportedly said that no separate environmental clearance would be required either. The sun-borne state of India, Gujarat […]
The Ministry of Housing & Urban Affairs said in a statement that until last year, Diu had been importing 73 percent of its power from Gujarat state. Diu Smart City has become the country’s first city to run completely on renewable energy during daytime setting a new benchmark for other cities to become clean and green. […]
The newly formed JV will provide the funds with the financial and strategic resources of the partners aiming to create successful green energy businesses in partnership with local management teams. Indian private equity fund Everstone Group and British solar parks developer Lightsource BP has formed a 50:50 Joint Venture (JV) called ‘EverSource Capital’ to jointly […]
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