India plans Renewable Energy Management Centres for Green Corridors

As part of India’s Green Energy Corridor scheme, the Ministry of Power has proposed setting up a host of Renewable Energy Management Centres (REMCs) across the country to help integrate renewables as their penetration increases.

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Softbank, Foxconn and Bharti commission 350MW solar plant in India’s Andhra Pradesh

SB Energy, a joint venture between Softbank, Foxconn and Bharti Enterprises, has commissioned a 350MW solar plant at Kurnool District, Andhra Pradesh, India, claiming it to be the world’s seventh largest PV plant.

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Indian solar tariff record toppled again in Andhra Pradesh

Indian solar tariffs reached yet another new low yesterday with the Indian arm of French clean energy firm Solairedirect winning 250MW(ac) of capacity in Andhra Pradesh with a record bid of INR 3.15/kWh (US$0.0494).

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Amaranto sets up Indian solar investment arm, acquires 110MW project

Amaranto has launched an investment vehicle dedicated to acquiring PV projects in India and has secured exclusive rights to purchase a 110MW solar project in the West of the country for around US$80 million.

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India added 5.5GW solar in FY2016/17

India added 5,526MW of solar PV capacity in the fiscal year 2016/17, up 83% on the previous year, according to new figures from the Ministry of New and Renewable Energy (MNRE).

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Renew Power installed 1GW solar and wind in 12 months

Goldman Sachs-backed Indian renewable energy developer ReNew Power Ventures has doubled its wind and solar power generation portfolio from 1GW to 2GW in the space of 12 months.

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India solar tenders stalling after Rewa’s low tariffs

India needs to pick up the pace of its solar tendering to stay in touch with its ambitious targets, but recent low bids have caused widespread reworking of state tenders, according to consultancy firm Mercom Capital Group.

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Fortum proves low solar tariffs viable in India

Finnish firm Fortum has commissioned a 70MW solar PV plant in the Indian state of Rajasthan, which it won last year at what was then a record low tariff of INR4.34/kWh (US$0.067).

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Engie partnerships to invest US$1.25 billion in Indonesian renewables, agreements in Singapore

French power giant Engie Group is partnering with three firms to develop various solar-related projects in Indonesia requiring US$1.25 billion investment.

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India and US MoU on renewables grid integration

India’s Union Cabinet has approved the signing of a memorandum of understanding (MoU) between Indian and US bodies to cooperate on integrating utility-scale renewable energy into the grid.

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European Investment Bank providing €200 million for Indian large-scale solar

The European Investment Bank (EIB) is to supply State Bank of India with a €200 million (US$214 million) 20-year loan to support €650 million of investments in five utility-scale solar PV projects in India.

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