NTPC-SAIL Power Company (NSPCL), a joint venture between Indian utility NTPC and the Steel Authority of India, have invited bids for EPC on a 25MW solar project in West Bengal, India.
Azure Power has submitted the lowest bid of INR3.14 (US$0.048) in a 250MW solar auction under the Domestic Content Requirement (DCR) held by Indian utility NTPC.
State-run oil company Petrona Dagangan Berhad (PDB) has signed an MoU with Malaysian Green Technology Corporation (GreenTech Malaysia) and a subsidiary of major utility Tenaga Nasional Berhad (TNB), to install 100 electric vehicle charging stations with solar PV by 2018 in Malaysia.
India’s new power minister R.K. Singh has said that India’s power needs will double in the next 6-7 years, while India is committed to reaching 40% renewables in its energy mix by 2030.
Engineering and real estate firm TEE International, part of TEE Group, has formed a joint venture with PV firm Malaysian Solar Resources (MSR) to focus on Singapore solar tenders and explore investment opportunities in Southeast Asia.
PV developer Sunray Power (SPI), majority owned by MRC Allied subsidiary Menlo Renewable Energy Corporation, has signed a service contract with the Department of Energy (DOE) to develop a 100MW solar PV project at Clark Green City in the Municipality of Bamban, Tarlac, the Philippines.
Queensland’s tender for 400MW of large-scale renewables and 100MW of energy storage has received 115 proposals from 79 different entities spanning a wide range of technologies, according to energy minister Mark Bailey.
The Clean Energy Innovation Fund, supported by Australia's Clean Energy Finance Corporation (CEFC), and Right Click Capital have invested US$7 million into Australian start-up Redback Technologies, whose system uses machine learning to predict solar generation and customer usage.
The days of naming financing as one of the major hurdles for Indian solar appear to be coming to an end in 2017 as record low tariffs were enabled by a newly-attractive fiscal environment. PV Tech caught up with Kuljit Singh, partner, Transaction Advisory Services at EY, to discuss a potential spate of Indian solar IPOs, pension fund interest, Masala bonds and the future of the market.
