Tata Power subsidiary Tata Power Renewables Energy (TPREL) has commissioned a 300MW solar project in Gujarat, India which it claimed was India’s largest single-axis solar tracker system.
Reliance Industries has signed a Memorandum of Understanding (MoU) with the government of Gujarat for a total investment of INR5.955 lakh crore (US$80 billion) over 10-15 years to establish 100GW of renewables and set up green technology manufacturing facilities in the state.
More money flowed into renewables than coal for the third year in a row in India, with 74% of the value of loans across both sectors in 2020 going to renewable energy projects, compared with 26% to coal, although this was up 40% on the previous year
India installed around 8,811MW of solar between January and September 2021, a 280% increase on the same period of 2020, according to JMK Research & Analytics.
India government-owned NTPC Renewable Energy has been given approval by India’s Ministry of New and Renewable Energy (MNRE) to build a 4.75GW solar project in Gujarat, India.
Indian utility Gujarat Urja Vikas Nigam Limited has auctioned 500MW of PV capacity, with winning bids setting a record for the lowest solar tariff seen in India.
Analyst tells PV Tech the low tariff ceiling (INR 2.65) set for tender in Indian state is thought to be a major issue amid heightening uncertainty from coronavirus.
