Currently, the independent power producer has a portfolio of over 500 MW under India’s open access solar policy, with leading IT and manufacturing giants among its client base.
Maharashtra, Rajasthan, Gujarat, Karnataka and Tamil Nadu were the top five states by annual installation, accounting for 60% of the new capacity.
In response to feedback from the domestic renewable energy sector, the Indian government has revealed plans to launch $5 billion of tenders for new transmission lines, starting in phases from this summer.
The Indian state is looking to install 1 GW of new solar PV power under a new tender issued. A ceiling tariff of Rs 2.80 (US$0.039) has been set.
Greenko, backed by Singapore’s GIC and the Abu Dhabi Investment Authority, is set to buy the solar and wind portfolio of Orange Renewable. The move will constitute Greenko’s largest acquisition and will add 1 GW to its operational capacity to raise the company’s portfolio to 4.2 GW, just shy of the capacity held by ReNew Power Ventures, the country’s largest renewable energy company.
India has installed total 1,861 MW rooftop PV as of September 2017 as the state of Maharashtra overtakes Tamil Nadu to become largest for rooftop solar, as per latest report by Bridge to India. Analysts have revised India’s rooftop projection to 10.8 GW by 2021.
Tata Power Renewable Energy Limited (TPREL) has installed a 30 MW solar power plant at Palaswade, Maharashtra.
The Maharashtra State Power Generation Company (MAHAGENCO) issues call for developers to build 500 MW solar park and construct 1.5 GW of solar projects to solarize state’s agriculture feeder infrastructure.