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Indian government plans a green city in every state

Indian government plans a green city in every state by Mayank Aggarwal on 24 December 2020 The Indian government has unveiled a concept note that envisages the creation of a green city in every state where all the power requirements are met by renewable energy. The concept note also looks at combining all existing renewable energy programmes including ones dealing with solar street lights, rooftop solar, electric vehicles or waste to energy. The government is hoping that this will also help promote the solar rooftop programme, which has not taken off in India. Indian government wants to develop a ‘green city’ in every state of the country, powered by renewable energy. The ‘green city’ will mainstream environment-friendly power through solar rooftop systems on all its houses, solar parks on the city’s outskirts, waste to energy plants and electric mobility enabled public transport systems.

Azure Power Provides an Update on 4 GW Tender

Azure Power Provides an Update on 4 GW Tender News provided by Share this article Share this article NEW DELHI, Dec. 23, 2020 /PRNewswire/ Azure Power continues to work towards signing PPAs for the 4 GW manufacturing linked tender for which a Letter of Award ( LOA ) has already been received. The Solar Energy Corporation of India ( SECI ) has informed us that so far there has not been adequate response from the state electricity distribution companies ( DISCOMs ) for SECI to be able to sign the PSAs at this stage even though we have a LOA. SECI has mentioned that they will be unable to sign PPAs until PSAs have been signed, and they have committed to inform Azure Power of developments in their efforts with the DISCOMS.  Capital costs, interest rates and foreign exchange rates have improved since Azure Power won the 4 GW auction a year ago which have resulted in lower tariffs in other recent SECI auctions. We expect these savings likely will be passed on to state electricity di

Indian PV auction delivers final record low price of $0 0269/kWh

Indian PV auction delivers final record low price of $0.0269/kWh The solar electricity price in India has dipped further to an all-time low of INR 1.99 ($0.0269)/kWh in a recently held 500 MW Gujarat auction, which is 0.5% lower than the previous record of INR 2.00/kWh set a month ago.From pv magazine India News agency PTI has reported that the 500 MW solar auction by Gujarat Urja Vikas Nigam Ltd has yielded a new record low tariff of INR 1.99 ($0.0269)/kWh in India. The new tariff is 0.5% lower than the previous record of INR 2.00/kWh secured in a 1.07 GW auction held by the Solar Energy Corporation of India (SECI). The 500 MW procurement exercise saw state-run .

Covid-19 Impact on Airport Solar Power Industry 2020- Global Market Research, Analysis, Trend, Size, Growth, Demand and Forecast 2021

Covid-19 Impact on Airport Solar Power Industry 2020- Global Market Research, Analysis, Trend, Size, Growth, Demand and Forecast 2021
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India Grid Trust to acquire FRV s solar assets for Rs 660 cr

India Grid Trust signed securities purchase agreement on 18 December 2020 for acquisition of 100% in FRV Andhra Pradesh Solar Farm-I and FRV India Solar Park II from FRV Solar Holdings XI.The acquisition is in line with the IndiGrid investment strategy as provided in the trust deed with a focus to ensure stable distribution to unit holders by owning assets with long term contracts. The acquisition was struck at an enterprise value of around Rs 660 crore and its completion would depend upon receipt of relevant approvals and completion of contractual obligations. Incorporated on 14 July 2016, FRV I operates 50 MW (AC) solar power plant in Ananthapuramu Solar Park in Andhra Pradesh. FRV I entered into power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) on 5 October 2016 for tenor of 25 years. The asset was commissioned in July 2018. During FY 2019-20, FRV I had total revenue of around Rs 47 crore.

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