Solar News

Technology-led Solns Help Turbine Makers Tap Addl Revenue Opportunities: Report

The new onshore wind energy installation capacity rose by 17 percent to touch 54.2 GW in 2019, as against previous year, mainly on account of decline in wind turbines’ overall costs, as well as ambitious both national & regional level renewable energy targets, says the business consulting firm. As per Frost & Sullivan, the global […]

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Brazil Faces Indefinite RE Auctions Delay of Over 51GW Due to Coronavirus

Amid the outbreak of Covid-19, the Brazilian government has postponed the national energy generation and transmission auctions of clean energy comprising more than 51 GW which were scheduled for May this year, for an indefinite time frame, said the report. This includes auctions both A-4 and A-6, as well as tenders for the transmission lines, […]

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Sterlite Power Commissions Rs 1,027 Cr worth of Gurgaon Palwal Transmission Project

Adding another feather in its cap, Sterlite Power, one of the leading global developers in power transmission space, has commissioned the Gurgaon Palwal Transmission Project (GPTL) worth Rs 1,027 crore. This project is expected to enhance the power capacity of the Gurugram and Palwal areas in the state of Haryana by ~2000 MW. Further, the […]

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Sale of Green Certificates Surges 79% by 8.38 Lakh Units in March

The sale of renewable energy certificates (RECs) increased more than 79 percent to 8.38 lakh units during March 2020 mainly on account of good supply. During the month of March in 2019, 4.68 lakh units of renewable energy certificates were sold, as per the official data. RECs are market-based instruments, and a REC is created […]

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PSPCL’s Advance Payment Scheme. Lucrative Offer or Open Distress?

A visit to the website of the Punjab State Power Corporation Limited (PSPCL), the state’s primary discom, reveals an interesting offer that has just been released . Promoted as a ‘Golden opportunity to earn lucrative returns by advance payment’ the offer promises a return of 1 percent per month, or 12 percent per annum, for […]

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Maharashtra Discoms Turn Away From Costly PPAs to Energy Exchanges

Discoms in Maharashtra are turning to energy exchanges to buy cheaper power to protect margins, eschewing PPAs that command much higher tariffs. With four-fifth of the economy shuttered for the third week, on account of COVID-19 control measures, pulling down power demand sharply, power utilities and Discoms in Maharashtra are turning to energy exchanges to […]

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Engie Signs Tax Equity Financing for its 2 GW US Renewables Portfolio

Engie North America has announced that it has signed a major tax equity financing for its 2 GW renewables portfolio in the US. Engie North America has announced that it has signed a major tax equity financing for its renewables portfolio. The portfolio consists of 2 GW of renewable assets, comprised of 1.5 GW of […]

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Lightsource BP Secures 20-Year PPA for 132 MW Solar Project

The Conway Corp Board of Directors approved a 20-year PPA with Lightsource BP for the development of a 132 MWdc solar energy project in White County, Ark. The Conway Corp Board of Directors approved a 20-year purchase power agreement (PPA) with Lightsource BP, a global solar leader, at its April 3, 2020 meeting. The agreement […]

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