Category: Solar

December 23, 2015

According to SunEdison’s CEO and president Ahmad R Chatila, the company is looking to invest up to $2 billion (Rs 13,200 crore) in the next one year in a polysilicon manufacturing facility in India.He said that the company is in the process of identifying an Indian partner for the proposed investment.

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December 23, 2015

Solar power producer Azure Power announced that it has bagged a contract to build solar power plants of a total 100 MW capacity from NTPC Ltd. NTPC had recently auctioned 150 MW of solar power capacity to be built at the Andhra Pradesh Solar Park. It has offered a tariff of Rs 5.12 per kWh, almost 11 per cent more than the tariff it offered at its first two auctions for the same park, which were won by SunEdison and Soft Bank. The latest auction was set for projects using solar cells and modules manufactured in India with the aim to promote the government’s ‘Make in India’ initiative. NTPC has so far auctioned 1000 MW of solar power projects for the solar park in Andhra Pradesh. The auctions are part of the National Solar Mission.

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December 22, 2015

According to officials, seven temples in Tiruchi, Perambalur and Pudukottai districts are being provided with solar power units with a view to bring down the expenditure towards power consumption. The Rockfort Sri Thayumanaswamy Temple in Tiruchi, Sri Mathura Kali Amman Temple in Siruvachur, Sri Subramanyaswamy Temple in Kumara Vayalur, Sri Vekkali Amman Temple in Woraiyur, Sri Jambukeswarar – Akilandeswari Temple in Tiruvanaikovil have set up the solar power units. The solar units of varying capacities depending on the requirement have helped bring down the power bill, although the plan involved an initial investment of Rs. 3 lakh to Rs. 9 lakh depending on the capacity of the solar power plants. The temples shell out a huge sum ranging between Rs. 20,000 and Rs. 30,000 as bi-monthly expenditure towards energy bills even though TANGEDCO) accords special concession to temples and levies Rs.7 a unit

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December 22, 2015

According to Tej Kohli, chairman of Kohli Ventures, the UK-based global venture capital company, has committed to bring in an investment of $100 million into Zynergy Group, an emerging solar products and process player based in Chennai and Singapore, over next three years,its first investment in Indian solar sector. The venture capital firm is willing to commit upto Rs 1,000 crore in the solar company on a long term basis.The firm has already made an initial investment of $5 million and has committed to bring in $100 million from diverse sources in equity, debt and other means into the company over next three years

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December 22, 2015

 According to a company statement, German manufacturer M10 Industries will supply two of its ‘Kubus’ stringer tools to Indian module manufacturer Emmvee Photovoltaic Power. The sale is M10’s first to India and will support the country’s ‘Make in India’ policy, under which it is looking to support sectors such its fast-growing solar market with domestically manufactured equipment. The statement said that the Kubus had been developed to reduce production costs through more efficient production processes and is claimed to be able to solder three times as many cells, thereby replacing several stringers at once on a minimum surface area. The machine has the ability to process three, four and five-busbar cells. The two Kubus MTS 5000 machines supplied to Emmvee will boost its module manufacturing capacity by 300MW, according to M10. The sale to India comes only shortly after M10 began pilot module production using its prototype stringer.

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December 22, 2015

According to a Bridge to India statement, Vikram Solar has bagged the engineering, procurement and construction (EPC) contracts for 130 MW as part of NTPC’s competitive solar power auction in Rajasthan . Vikram Solar has won two 65-MW projects at INR 56.28 million (USD 849,400/EUR 775,000) per MW. Tata Power and Jakson have also been awarded EPC contracts for 65 MW each. The price proposed by them is INR 56.40 million/MW and INR 56.34 million/MW, respectively. The solar plants that will be built by the three parties will form part of the Bhadla solar park. NTPC will develop and finance all projects. Bridge to India noted that auctions have now been completed for more than 10 GW of solar power capacity in India and an additional 6.5 GW are to be procured over the next three months. Also last week, a joint venture between Japan’s SoftBank and India’s Bharti Group won power purchase agreements (PPAs) for 350 MW in Andhra Pradesh.

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December 22, 2015

Andhra Pradesh Solar Power Corporation Limited , a joint venture of AP Genco, New and Renewable Energy Development Corporation of Andhra Pradesh and Solar Power Corporation of India (SECI) has sanctioned 4,000 MW of solar power generation parks under the Ministry of New and Renewable Energy and has been chosen as the best government nodal agency for solar energy push.

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December 21, 2015

The Delhi Metro Rail Corporation (DMRC) and the Solar Energy Corporation of India (SECI) have signed a fresh Memorandum of Understanding (MoU) to jointly collaborate on taking up an ‘off site’ solar power project, to maximise the use of renewable energy, mitigate the impact of regular increase in grid tariffs and to reduce the carbon footprint.The MOU was signed in the presence of DMRC’s Managing Director, Dr. Mangu Singh and other senior officials from DMRC and SECI.DMRC intends to take 1,000 MU annually from “offsite” renewable sources, through a one stop solution. As per the MoU, both the organisations shall collaborate for sourcing additional requirement of power by DMRC from other developers /generators not on DMRC sites within NCR region.In the initial phase, 500 MWcapacity of ground mounted solar power projects within a duration of three years is targeted. Both DMRC and SECI shall jointly develop an ‘Action Plan’ to source solar power on mutually agreed terms and conditions, from sources other than solar power generated on DMRC sites.The whole process of tendering and conducting bidding process / e-auction shall be conducted by SECI. DMRC shall enter into Power Purchase Agreement (PPA) with Developer as may be decided by DMRC out of the names selected and forwarded after the whole tendering process by SECI.In order to carry out the above m

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December 21, 2015

According to Bridge to India, a total of 6.5 GW of solar projects are expected to be up for auction in the next three months. The consultancy also forecasts a sharp reduction in tariffs, particularly for the upcoming auctions in Rajasthan and Karnataka. It stated “Following the unveiling of its ambitious 100 GW 2020 solar plans, the Indian Government is “walking the talk,.” Overall, auction processes for more than 10 GW of solar have already been completed, with another 6.5 GW set to go up for auction in the next three months.This frenetic pace of activity is a big step-up in contrast to historic solar capacity addition of approximately 1 GW per annum over last three years .It added that despite the pipeline, prices are continuing to come down “sharply,” with developers, including ReNew, Reliance and Azure Power, considering tariffs below INR 5/kWh (around US$0.075). In the next two months, the National Thermal Power Corporation (NTPC) is set to hold two auctions in Rajasthan and Karnataka, totaling 420 MW and 600 MW, respectively. Here, Bridge to India expects “strong” competition, with tariffs potentially under INR 4.63/kWh (around US$0.0698).

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December 20, 2015

The TTD has entered into MoU with a Kolkata-based solar power firm to set up 10 MW power plant at Kosuvaripalle in Tamballapalle in Chittoor district. As part of this ambitious programme, the TTD has leased out 66.67 acres of its land to Vikram Solar Private Limited for a period of 20 years for the lowest rate per unit ever in the entire country at the rate of Rs 4.49 paise per unit. TTD EO D.Sambasiva Rao said the firm will generate a minimum of 1.55 crore units of assured power per year on the Build- Own-Operate-Transfer (BOOT) basis. The savings when adjusted for 11kv tariff will be Rs 4.27 crore per annum approximately. He stated that they can meet about 66 to 70 per cent power needs of Tirumala once the project is commissioned. The project is expected to be completed within six months and after the completion of the lease period, the land and the equipment handed over to TTD in the same working condition. TTD Chief Engineer Chandra Sekhar Reddy, Vikram Solar Director Krishna Kumar Maskara and other officials were present.

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