The generation capacity – three 450 MWp projects in the state of Rajasthan – is expected to be commissioned towards early 2022.
The Spanish developer, which will sell solar energy at an Indian record low tariff of €0.028/kWh under a 25-year deal has spoken to pv magazine about the specifics of the landmark PV plant.
Acme Solar made headlines in 2018 when its offer to accept $0.0322354 per kilowatt-hour generated at a 600 MW solar farm planned in Rajasthan secured the project from federal body the Solar Energy Corporation of India. Now the developer wants to rip up the agreement, blaming Covid-19-related hold-ups.
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 decision to tax the ‘service’ provided to solar developers at the full rate comes days after India’s Supreme Court upheld the federal government’s imposition of a 25% safeguarding duty on Chinese and Malaysian panels.
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.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.