The Indian state of Uttar Pradesh has drawn lowest bids of more than 3 rupees per unit for its latest 500MW solar auction, but these were still significantly lower than tariffs from its 1GW auction that was annulled over the summer.
Germany’s Belectric has been handed the contract to perform engineering, procurement and construction (EPC) duties and provide operations and maintenance (O&M) to a 250MW solar park project in India.
Not enough bidders turned up for Solar Energy Corporation of India’s (SECI) tender for 3GW of solar manufacturing linked with 10GW of projects and the deadline has been extended to 12 October.
US government development finance institution Overseas Private Investment Corporation (OPIC) has committed US$25 million in financing to a fund managed by off-grid solar firm SunFunder, which will provide loans to companies developing off-grid solar products and solutions for Sub-Saharan Africa and Asia.
The International Finance Corporation (IFC) has signed an agreement with the government of Afghanistan to design and tender a 40MW solar plant that will set a new model for subsequent projects and support the country’s 2GW of PV goal.
The Asian Development Bank (ADB) has approved a US$40 million loan to support a 41MW hybrid distributed renewable energy system combining wind, solar, battery storage and a thermal heat pump in Mongolia.
Acme commissions 200MW in Rajasthan, BlueWave Solar sells 24MW community solar portfolio to Goldman Sachs, TIU Canada starts building 13.5MW solar project in Ukraine using LONGi modules.
C&I rooftop solar specialist Asia Clean Capital (ACC) has partnered with Jiangsu Dahang Microgrid Technology to co-develop a 200MW solar pipeline in Mainland China.
The first ever wind and solar hybrid project in India, completed in April 2018, is to be retrofitted with energy storage after strong winds this year led to a curtailment of solar production.
Large-scale solar bids in India have once again matched their lowest price of INR2.44/kWh (US$0.034) in a 500MW auction in Gujarat held by the utility Gujarat Urja Vikas Nigam (GUVNL).
