Gensol Engineering has acquired Indian solar tracking specialist Scorpius Trackers for $16.42 million.
State-owned IndianOil says it plans to have around 2 million metric tons of green hydrogen capacity in its portfolio by 2050.
India’s Ministry of New & Renewable Energy (MNRE) has exempted solar projects from domestic content requirements if they are commissioned by March 31, 2024. The move provides developers with the flexibility to source modules at more cost-competitive rates, according to Indian ratings agency ICRA.
India installed 7.7 GW of cumulative, open-access solar capacity by Dec. 31, 2022, following record annual additions of 2.5 GW.
Solar Energy Corp. of India (SECI) has started accepting global bids to build a 100 MW (AC) floating solar project in the Indian state of Jharkhand. Bidding closes on May 2.
SAEL Ltd., a solar and biomass developer in India, has commissioned a 28 MW (DC) solar power plant in the mountainous Indian state of Mizoram.
Adani Green Energy Ltd has commissioned a 700 MW hybrid wind solar facility in the Indian state of Rajasthan. The plant is selling power under a 25-year power purchase agreement at INR 3.24 ($0.039)/kWh.
India Ratings and Research says solar projects continue to operate in a stable manner, with adequate debt service coverage and comfortable internal liquidity. The fall in module prices over the six months to February 2023 is positive for under-construction projects, it claimed.
Adani Group has agreed to build 15 GW of renewable energy projects in the Indian state of Andhra Pradesh.
Triveni Glass is the latest company in India to venture into solar glass production, following similar announcements by Asahi India Glass, Gold Plus Glass Industry, and Chiripal Group.
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