The lowest bid quoted in Indian state-run utility NTPC’s auction for 2GW of interstate transmission system (ISTS)-connected solar was INR2.59/kWh (US$0.037), a 14 paisa rise from the L1 tariff in the most recent 2GW PV auction in India.
Maharashtra’s latest 1GW auction has attracted winning bids of between INR 2.71-2.72/kWh (US$.0.04), staying almost flat with India’s most recent PV auction in Andhra Pradesh.
Indian clean energy developer ReNew Power has acquired Ostro Energy Private Ltd for an undisclosed sum in what is one of India’s largest ever renewable energy deals.
Global investment management organisation Canada Pension Plan Investment Board (CPPIB) has acquired a 6.3% stake in Indian renewables developer ReNew Power Ventures from the Asian Development Bank (ADB) for US$144 million.
Goldman Sachs-backed clean energy firm ReNew Power Ventures has launched a new renewable energy R&D centre at the Indian Institute of Technology (IIT), Delhi, India.
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.
India installed 5.5GW of utility-scale solar capacity in the last fiscal year and the country is expected to add another 8GW in the coming year, according to consultancy firm Bridge to India’s ‘India Solar Map’.
India’s leading renewable independent power producer (IPP) ReNew Power has brought online what is claimed to be the largest PV plant in Telangana with the 143MW Dichpally solar farm.
Goldman Sachs-backed Indian renewable energy developer ReNew Power Ventures has doubled its wind and solar power generation portfolio from 1GW to 2GW in the space of 12 months.
Indian firm Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power, has won a 30MW solar PV project with local content rules in the Indian state of Maharashtra.
