The clarification came after states across the country reacted to the power ministry’s recent call for a moratorium on conventional power payments by stopping payments and curtailing renewable power.
Yinson will pay Rs 554 million ($7.3 million) for a stake in New Delhi-based Rising Sun Energy, which operates two PV plants in the massive Bhadla Solar Park in the Indian state of Rajasthan.
Sliding electricity demand and declining commercial and industrial activity in India could prompt distribution companies to block or delay payments to solar power producers.
Gujarat Urja Vikas Nigam Ltd. has opened bids to develop 700 MW of solar capacity in India.
The utility-scale PV project, which Belectric built for Fortum Solar India across five sites, is the largest amount of solar capacity that the German EPC services provider has commissioned in the country thus far.
Lobby group the National Solar Energy Federation of India has welcomed the move and asked the Ministry of New and Renewable Energy to extend any such measures to existing contracts to help developers meet working capital requirements.
Developers are also expected to drag their heels over project completion during the first half of the year as the safeguarding duty applied to imported Chinese and Malaysian solar products is due to expire at the end of July.
Fuel cell systems provide sustainable electricity using hydrogen gas, without the need for grid power, which makes them highly useful in medical centers, as such facilities need to respond immediately in emergencies with state-of-the-art communication platforms.
The OneBox, from Indian manufacturer Vision Mechatronics, consists of a lithium battery, hybrid inverter and solar charge controller to give a ‘hassle-free’ solution for electricity back-up during power outages. Solar rooftop owners are offered a grid feed feature to maximize net metering income from any excess power generated.
Energy Efficiency Services Limited, which has already bagged orders for 800 MW of distributed solar installations in the state of Maharashtra and 113 MW in Rajasthan, says it will roll out the generation facilities by the end of the next fiscal year.
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