In the 500 MW Bhadla solar park auction that concluded today, Hero Future Energies won 300 MW at a winning bid of ₹2.47/kWh followed by Softbank Group which won 200 MW at the second lowest bid of ₹2.48/kWh. Ten companies participated in the bidding. The auction was oversubscribed by sixContinue Reading
The Solar Energy Corporation of India (SECI) has signed the power purchase agreements (PPAs) for 750-MW of grid-connected solar parks in the state of Rajasthan. The contracts for five photovoltaic (PV) projects were sealed in September following two separate auctions at Bhadla that were completed in May, Mercom Capital saidContinue Reading
The Indian Renewable Energy Development Agency (IREDA), a state-run financier, has launched its first Green (Masala) Bond on the London Stock Exchange (LSE), raising US$300 million (INR19.5 billion) in the process. The five-year bond, which will be dual listed on both the LSE and Singapore Stock Exchange, has a couponContinue Reading
India-based renewable energy developer ACME Clean-tech Solutions has placed an order with the dedicated N-type monocrystalline module manufacturer Jolywood (Taizhou) Solar Technology Co. Ltd (Jolywood) thus making it the first company to supply its bifacial modules to a decent sized 6.7MW project in India. Bifacial modules offer the potential forContinue Reading
A consortium of Ola, Mahindra Electric, TVS, Kinetic Safar, Acme Group and some original equipment manufacturers (OEMs) has approached various state governments with innovative business models to electrically power taxis and auto rickshaws. The consortium has offered a plan for Kerala to retrofit registered three-wheelers with battery-operated systems at aContinue Reading
