The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, will provide US$74 million to Indian energy firm ReNew Power Ventures for a 100MW solar farm in the Indian state of Telangana.
Suzlon Group has formed a joint venture with India-based renewables firm Ostro Energy to develop a 50MW PV project at Wanaparthy in the Indian state of Telangana.
Silicon Module Super League’ (SMSL) member Canadian Solar has forayed into India’s downstream solar sector by partnering with local firm Suzlon Group to develop two 15MW PV farms in Telangana.
Renewable energy developer Mytrah Energy has awarded a contract to PV inverter manufacturer Sungrow to provide 150MW of central inverters for its projects in the Indian states of Telangana and Punjab.
Indian state-owned power equipment manufacturer Bharat Heavy Electricals Limited (BHEL) has bagged an EPC order for 80MW of solar PV capacity in Tamil Nadu and Telangana for mining and power firm Neyveli Lignite Corporation (NLC) and Bharat Electronics Limited (BEL).
Power firm CLP India, a subsidiary of CLP Holdings, and renewables firm Suzlon Group have entered into a joint venture over a 100MW solar project at Veltoor in the Indian state of Telangana.
Grid curtailment of solar power is already affecting Germany and China despite billions being spent on grid projects. With a target of 100GW, India is hoping to get 8% of its power requirements from solar PV by 2022, which is a higher penetration than both Germany and China today. Jasmeet Khurana, associate director, consulting, Bridge to India, investigates the potential for future curtailment of solar power in India and its consequences while identifying which states might be most affected.
India-based companies have dominated the latest solar auction for 350MW in the state of Telangana with winning tariffs ranging between INR4.66-4.77/kWh (~US$0.07).
