SAEL Industries signs PPAs for 880 MW of solar projects in India
SAEL Industries has signed 25-year power purchase agreements (PPAs) for 480 MW of solar projects in Gujarat and 400 MW in Punjab. The projects, priced at INR 2.56 ($0.029)/kWh and INR 2.97/kWh respectively, are scheduled to begin operations within 24 months of signing.
Indian state utility THDCIL to supply 184 MW from variable-speed hydro plant
State-run THDC India Ltd (THDCIL) has signed a power purchase agreement with Gujarat Urja Vikas Nigam Ltd. (GUVNL) to supply 184.08 MW from India’s first variable-speed pumped storage project (PSP) at Tehri, Uttarakhand. The project is designed to support grid flexibility and renewable energy integration.
GUVNL allocates 250 MW solar at INR 2.60/kWh
Avaada Energy, SAEL, and Welspun Renewable Energy have won Gujarat Urja Vikas Nigam’s /GUVNL) 250 MW solar tender, with an option to expand by another 250 MW.
Indian state tenders 500 MW of solar
Projects can be established anywhere in Gujarat which has spare grid capacity, with the relevant substations listed on the Gujarat Energy Transmission Corporation website.
Indian developer Azure Power turns a full year profit
A profit is a profit, even if it amounts to less than $2,000, and the NYSE-listed developer appears to have turned the corner after a $14,700 loss a year ago. Borrowings are on the rise though, as the company plans to drum up an ever larger project portfolio.
Lukewarm response as Indian state of Gujarat re-tenders 700 MW of PV
A reduction in solar park charges was not enough to attract developers in the same numbers that flocked to a separate, 500 MW exercise two months earlier. The Raghanesda Solar Park continues to be a headache after a previous procurement was cancelled because the tariffs were deemed too costly.
Gujarat’s 1 GW solar tender fails to attract bidder
Developers turned their back on a procurement exercise linked to projects at the Dholera Solar Park, after insisting the challenging terrain meant the electricity price ceiling stipulated by the state would make projects unviable.
Indian PV procurement leapt to 3 GW in October figures
Developers gave short shrift to warnings about depreciation, protectionism and tax headwinds as tendering and auction figures soared, but shied away from tough price caps set for the Solar Energy Corporation of India’s procurement exercises.
India’s GUVNL unveils 1 GW solar tender
Gujarat Urja Vikas Nigam Limited (GUVNL) has invited expressions of interest (EoIs) to develop 1 GW of grid-connected solar PV projects at the proposed 5 GW Dholera Solar Park. The state of Maharashtra, meanwhile, has issued a generic PV tariff.
