Madhya Pradesh Urja Vikas Nigam Limited’s (MPUVNL) 35MW rooftop solar auction has drawn bids as low as INR1.58/kWh (US$0.022), however the tariffs include an escalator and are heavily subsidised.
Neoen closes finance for 51MW Jamaica solar park, Enel starts production at Australia’s largest Solar PV Project, Vikram Solar commissions 10MW solar project in Madhya Pradesh.
Indian Renewable Energy Development Agency Limited (IREDA) has signed an agreement with Rewa Ultra Mega Solar Limited (RUMSL) to finance two major solar parks in the state of Madhya Pradesh with a first loan of INR2.1 billion (US$33 million).
Solar Energy Corporation of India (SECI) could auction a solar park of 1,050MW capacity in the state of Madhya Pradesh, from which Indian Railways plans to purchase the power generated.
Solar Energy Corporation of India (SECI) has issued a tender for EPC services on two 100MW solar PV projects for state-owned mining corporate Coal India Limited (CIL) in Madhya Pradesh.
Distributed solar firm Fourth Partner Energy is to build roughly 10MW of rooftop solar PV projects for Indian Railways at Varanasi, Jabalpur and Gorakhpur.
Renewable energy developers SkyPower and Renew Power are involved in legal disputes with the distribution company (Discom) of the Indian state of Madhya Pradesh over solar project deadlines and PPAs, while SkyPower has also claimed to have successfully brought into operation its first ever project in the state.
