Rajasthan

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.

With a maximum fixed tariff of $0.0427/kWh under a 25-year PPA, the total capacity available is made up of 10 MW multiples and could potentially all go to one bidder.

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 German developer has completed its sixth solar PV plant in India.

RaysExperts adds 30 MW to its Rays Solar Park in just 90 days, whereas Rays Infra Power makes it on to IHS Markit’s top 10 EPC companies list, outside U.S. and China.

The Finnish power utility has completed its third large-scale PV plant in India. The 70 MW Bhadla solar park is located in the state of Rajasthan.