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Solar eclipse: India braces for 11,943 MW hit to solar power; POSOCO readies systems

By : Sustainability ..., Jun 3, 2020

Power System Operation Corporation (POSOCO) has started preparing power systems for the 21 June annular solar eclipse as it expects a reduction in solar power generation by 11,943 megawatt (MW) across India. The solar eclipse will begin at 09:56 am IST at Dwarka, Gujarat and...

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Ircon Partners With NIIFL, Ayana to Explore Opportunities in Solar Energy

By : Sustainability ..., Jun 2, 2020

Ircon International Limited, formerly Indian Railway Construction Limited, an engineering and construction organisation has announced that it has signed a pact with the National Investment and Infrastructure Fund Limited (NIIFL) and Ayana Renewable Power for exploring...

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NHPC board okays foray into solar power business

By : Sustainability ..., May 29, 2020

State-run hydro power giant NHPC on Thursday said its board has approved the proposal to foray into solar power business. NHPC is mainly into hydro power generation. "It is to inform that board of directors of NHPC Ltd in its meeting held today...has considered and approved...

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Petronas eyeing India's ACME Solar assets worth Rs 450-500 crore: Report

By : Sustainability ..., May 28, 2020

Malaysia’s Petronas is reportedly looking to acquire 100 MW solar power assets located in Karnataka from ACME Solar. Petronas will likely conduct the deal worth Rs 450-500 crore through its Indian arm Amplus Energy Solutions, The Economic Times reported. The Malaysian state-...

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India steps on the gas to set up World Solar Bank, may take up 30% equity

By : Sustainability ..., May 28, 2020

India is looking to expedite the International Solar Alliance’ (ISA) playbook of setting up a World Solar Bank (WSB), that may require a total equity capital of $10 billion and a paid-up capital of $2 billion, said two people aware of the development. The plan being explored...

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India invites bid for One Sun One World One Grid to take on China’s Belt and Road Initiative

By : Sustainability ..., May 28, 2020

India has moved ahead with threading-the-needle for an ambitious global electricity grid, with the National Democratic Alliance (NDA) government on Tuesday calling for bids to roll-out the “One Sun One World One Grid" (OSOWOG) plan. The pre-bid meeting called on 5 June by...

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Boost for zero-emission sources as global capital backs Indian solar power

By : Sustainability ..., May 26, 2020

Indian solar power continues to draw foreign capital as plunging tariffs offer ample opportunities to invest in clean, zero-emissions energy sources. A study jointly commissioned by US-based think tank Institute for Energy Economics & Financial Analysis (IEEFA) and JMK...

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Leaders in an open letter call for solarisation of clinics in rural areas

By : Sustainability ..., May 1, 2020

Twenty leaders from across the country in an open letter released on Thursday have called for action to make all unelectrified healthcare clinics in rural areas solarised. The signatories were from various think-tanks, research groups, renewable energy firms, sustainable...

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IEX says average spot power prices down 21% in March

By : Sustainability ..., Apr 7, 2020

Indian Energy Exchange (IEX) said electricity prices in spot market declined by 21% in March 2020 even as there was a 18% surge in trade volume. IEX saw a trade of 4,291 million units (MU) - the Day-Ahead Market (DAM) traded 3,971 MU during March 2020 and saw 18% year-on-year...

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Sungrow seals 650-MW solar inverter agreement in India

By : Sustainability ..., Mar 26, 2020

China’s Sungrow Power Supply Co Ltd (SHE:300274) will supply 650 MW of solar inverters in India under a new strategic agreement with Avaada Energy, it was announced today. More specifically, Sungrow will deliver its 1,500-V, 3.125-MW central inverter solutions for the...

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