Sprng Energy, an India-focused renewable energy arm of London-based investor Actis, has acquired a 194MW operational solar portfolio from Mumbai headquartered conglomerate Shapoorji Pallonji Infrastructure Capital (SP Infra) in order to grow its India PV portfolio.
Solar Energy Corporation of India (SECI) has issued a Request for Selection (RfS) for 750MW of grid-connected solar PV projects in the state of Rajasthan.
Following recent announcements from the government departments administering India’s solar PV growth ambitions, the country is now in the process of working out how to expand its domestic upstream manufacturing capacity, at a time when the PV industry is going through a period of rapid technology-change and supplier competition.
India continues with 1.2GW of PV in Madhya Pradesh, 275MW in Uttar Pradesh, and a significant solar-plus-storage tender in Andhra Pradesh, while the prime minister approves the 'National Mission on Transformative Mobility and Battery Storage'.