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Power Purchase Agreement

Azure Power Wins 130 MW Solar Power Project in Maharashtra

At the tariff rate of Rs 2.27 per KW Azure Power will sign a Power Purchase Agreement (PPA) with MSEDCL for 25 years. The project is expected to be commissioned in 2019 and will be developed by Azure Power outside a solar park. In a recent auction by Maharashtra State Electricity Distribution Company Limited (MSEDCL), […]

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MSEDCL to Buy Cheapest Solar Power in the Country

MSEDCL issued tenders to buy 1,020 solar power from private producers. The two companies that agreed to supply power are JLTM Energy and Mahoba Solar. Both agreed to supply 20 MW and 200 MW at the rate of Rs 2.71 per unit. Maharashtra State Electricity Distribution Company Limited (MSEDCL) has entered into an agreement with two […]

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NEOEN and GFG Alliance Ink Landmark Clean Energy Agreement

The Memorandum of Understanding (MoU) was signed in order to operate develop and work together in the sector. The main purpose of the agreement is to supply low cost power to the citizenry. In order to reduce the cost of energy in Australia a landmark clean energy agreement was signed between France’s NEOEN and Australia’s […]

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SkyPower to Build Uzbekistan’s First Solar Power Installation; To Pump Largest FDI

“This historic partnership with UzbekEnergo and the government of Uzbekistan will bolster growth in the region and help establish Canadian expertise in this fast-growing sector,” said François-Philippe. Canada-based solar energy producer, SkyPower has signed a pact with Uzbekistan government to invest about $1.3 billion Foreign Direct Investment (FDI) in the country to build 1,000 MW of solar energy generation capacity throughout […]

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Govt Kicks off Pilot Scheme to Procure 2500 MW Power for 3-Yrs

The Ministry of Power said in a statement that, it had recently issued the model bid documents, model PAPP and PPSA on 6th April 2018. The government has launched a pilot scheme for the procurement of aggregate 2500 MW power on a competitive basis for three years under medium term i.e. from generators with commissioned projects […]

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SECI Invites Bids for Aggregating 3.37 GW Solar Power Projects across India

The bunch of projects includes setting up of 2,000 MW (250 MW x 8) ISTS-connected solar power projects in India on build own operate basis. The Solar Energy Corporation of India (SECI) has invited proposals for selection of solar power developers for the installation of aggregating 3.375 GW solar PV projects on pan India basis. […]

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Canadian Solar Sells Brazil’s Guimarania Project to Global Power Generation

The project, located in the state of Minas Gerais in Brazil, is under construction and expected to reach commercial operation in the fourth quarter of 2018. Solar PV modules maker Canadian Solar has sold its interest in the 80.6 MWp Guimarania solar energy project in Brazil to Spanish firm Gas Natural Fenosa’s arm Global Power Generation. The project, […]

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UP Discoms May Buy Solar Power from Rajasthan

There is an expectation of about 1500 MW power generation in coming months from Bhadla solar park. The power distribution companies of Uttar Pradesh likely to purchase solar power from Rajasthan, as the government in Rajasthan is adding to its capacity of solar power and will sell surplus power to the neighbouring state. There is […]

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Statkraft Inks 170 MW Solar Power Deal with BayWa

The project will be built without any state subsidies and will be one of the Europe’s first solar projects of such size. Signaling the entry into the Spanish market as a leading European power provider, Norwegian power company Statkraft has signed a 15-year long power purchase agreement with BayWa r.e. The total capacity of the […]

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