BII, Norfund to invest in IndiGrid’s green transmission projects
British International Investment (BII) and the Norwegian Climate Investment Fund (Norfund) say they will invest in three IndiGrid inter-state transmission system projects that are currently under construction in India.
Indian oil company launches 1 GW wind-solar hybrid tender
ONGC, India’s largest crude oil and natural gas company, is now accepting bids to set up 1 GW of wind-solar hybrid projects (500 MW of solar plus 500 MW of wind) for captive consumption. Bidding closes on Oct. 23.
India’s renewable storage capacity to rise by 6 GW by fiscal 2028
Ratings agency Crisil expects India’s renewable energy storage capacity to surge by 6 GW by fiscal 2028, driven by a healthy pipeline.
Vikram Solar unveils 20-bubar bifacial heterojunction module
Vikram Solar says its new Suryava bifacial heterojunction (HJT) module has an efficiency level above 23%.
India installs 12.1 GW of solar in H1
India installed about 9.6 GW of utility-scale solar, 1.8 GW of rooftop PV, and 688 MW of off-grid capacity in the first half of 2024, or roughly 12.1 GW in total, according to a new report by JMK Research.
India allocates 500 MW solar at average price of $0.030/kWh
SAEL Industries, NTPC, and BluPine Energy have emerged as winners in Solar Energy Corp. of India’s (SECI) latest auction for 500 MW of solar capacity, at an average price of INR 2.48 ($0.030)/kWh.
Axitec opens new 300 MW solar module factory in India
Axitec has opened a 300 MW solar module factory in Tiruvallur, India. It is equipped to produce n-type tunnel oxide passivated contact (TOPCon) PV modules.
SJVN awards 1.2 GW solar projects in India
Acme Solar, Essar Renewables, NTPC Renewable Energy, Onward Solar, and SAEL Industries have won SJVN’s latest tender for developers for 1.2 GW of solar across India.
India launches 2 GW solar, storage tender
Solar Energy Corp. of India (SECI) is accepting bids to set up 2 GW of solar PV power projects with 1 GW/4 GWh energy storage systems on a build-own-operate basis. The projects can be located anywhere in India and must be connected to the interstate transmission system.
India can leverage its solar and storage edge to avoid power shortages
Large-scale solar-plus-storage is the main option left to avoid power shortages as such systems can be deployed much faster than new thermal and hydro assets. Recent gigawatt-scale solar-plus-storage auction results, with a record low price of INR 3.40 ($0.04)/kWh, show that such deployment will be highly economical, according to a new study from the University of California’s India Energy and Climate Center.
