Solar capacity auctioned last night in the Indian state of Jharkhand saw significant contrasts in bids received for the smaller-scale sub-25MW category when compared to the larger utility-scale segment, with indian developer Renew Power winning big.
With a business as usual approach, India is set to reach just one third of its 40GW by 2022 rooftop solar target, according to a new report from the Solar Rooftop Policy Coalition, launched formally by energy minister Piyush Goyal.
French developer SolaireDirect has won a 75MW solar project in the Indian state of Uttar Pradesh quoting viability gap funding (VGF) of INR7.435 million/MW (US$110,527).
Devona Power Systems, a subsidiary of Indian conglomerate RattanIndia Power, has been awarded a 50MW PV project in Allahabad in the Indian state of Uttar Pradesh by the Solar Energy Corporation of India (SECI).
Montreal-based fund manager Caisse de dépôt et placement du Québec (CDPQ) plans to make a US$150 million investment in renewable energy in India by targeting hydro, solar, wind and geothermal power assets.
US-based solar firm Ahana Renewables, a subsidiary of investment firm Atlantic Tele-Network (ATN), has purchased the development business of India-based PV company Armstrong Energy Global in order to develop 250-350MW of solar projects in Southern India by 2018.
The Solar Energy Corporation of India (SECI) has invited expressions of interest for what may be India’s first utility-scale energy storage project to be combined with a solar and wind hybrid project at Rangreek in the mountainous state of Himachal Pradesh.
