India

The Solar Energy Corporation of India has scrapped large amounts of solar+storage tenders at both the Pavagada and Kadapa solar parks as it seeks to renegotiate with states for lower tariffs.

In order to meet its 10.5 % renewable purchase obligation by FY 2021-22, the government of the Indian state of Mizoram has adopted a solar power policy that envisages deployment of 80 MW of solar projects in 2017.

After its 1.5 GW tender stirred unprecedented interest among developers attracting technical bids of 3.7 GW, the Tamil Nadu utility is now set to sign PPAs at the rate of INR 3.47 (~$0.054)/kWh for a period of 25 years.

CleanMax Solar, India’s largest rooftop solar developer, will use the private equity investment to fund growth opportunities outside India.

Tender adds to previous 250 MW of solar power that was retendered at the Pavagada solar park in Karnataka by the NTPC.

Commissioning of the ultra-mega solar plant due tomorrow following completion of final developers’ portions of capacity. Kurnool solar park will become world’s largest operational PV plant.

The floating solar PV project will be located at Mudasarlova reservoir in the Indian state of Andhra Pradesh.

The private sector financing arm of the World Bank has subscribed to India’s first official Green Bonds via a $103 million investment in L&T Infrastructure Finance Company, which is a subsidiary of L&T Finance Holdings.

The global lending institution praises India’s solar program in new report, noting how clean energy sources are beginning to displace coal at a sweeping rate.

The 10-year green bond paying a hefty annual yield of 3.965% stirred up strong interest of investors on the London Stock Exchange.