Tata Power has got a letter of award from Gujarat Urja Vikas Nigam Ltd (GUVNL) to develop a 100 megawatt solar project in Dholera Solar Park of Gujarat. The energy will be supplied to GUVNL under a power purchase agreement valid for 25 years from scheduled commercial operation date. TataContinue Reading
A subsidiary of US-based UPC Energy Limited quoted the lowest tariff bid of Rs 2.55/kWh in an auction of 500 megawatts solar power capacity in Gujarat. The company, UPC Solar, secured rights to develop a 50-megawatt solar power project through a special purpose vehicle (SPV) formed for the specific purposeContinue Reading
As many as 11 companies have evinced interest in supplying solar power to Gujarat Urja Vikas Nigam Limited (GUVNL), which last month invited bids from solar power developers to supply 500MW to the state-run utility. The tender floated by GUVNL also had a greenshoe option of additional 500MW. The biddersContinue Reading
The tie-up between French energy giant Engie and Dubai-based private equity firm Abraaj Group to build 1,000 MW of wind energy projects in India, announced last September, has fallen through. The end of the alliance follows internal problems at Abraaj, the world’s largest private equity firm dedicated to developing economies.Continue Reading
Gujarat Electricity Regulatory Commission (GERC) has set the wind and solar RPO target at around 10% for fiscal 2017-18. To promote the renewable energy sector, the RPO is set to be increased to 16% by 2021-22. The renewable power purchases by the four discoms fell short by 1,026 million units.Continue Reading
