India PV Snippets: SECI, Tata, Loom, ArcelorMittal, ICRA

SECI 1.2 GW Hybrid Auction Attracts INR 2.34/kWh L1 Bid; Tata Power Commissions 150 MW PV; Loom Solar Launches 500W+ Solar Panels; ArcelorMittal Considering Heavy Investment In Solar For Rajasthan & Gujarat; ICRA Upbeat About India’s Renewables Sector

India PV Snippets: SECI, Tata, Loom, ArcelorMittal, ICRA

Even though ICRA counts continued policy support as a positive for India's renewables sector, the analysts state some of the ongoing challenges as payment delays from discoms, grid curtailments, transmission infrastructure and land availability, among others. (Illustrative Photo; Photo Credit: TR STOK/Shutterstock.com)

  • NTPC, NLC among winners of SECI’s 1.2 GW wind-solar hybrid tranche-IV auction
  • Tata Power has commissioned 150 MW solar power plant in Rajasthan’s Loharki village
  • Indian solar module start-up Loom Solar has announced launching its Shark series of solar panels with up to 440 W and 530 W output
  • ArcelorMittal’s Executive Chairman LN Mittal is considering investing into solar in Rajasthan and Gujarat
  • ICRA counts high demand and continued policy support from the government among reasons for its stable outlook for Indian renewables sector

SECI’s 1.2 GW hybrid auction results: The Solar Energy Corporation of India (SECI) has attracted INR 2.34 ($0.031) per kWh as the lowest winning bid (L1) for its 1.2 GW interstate transmission system (ISTS) connected wind-solar hybrid project tranche-IV. It was quoted by NTPC Limited to win 450 MW, NLC India for 150 MW and Ayana Renewable Power for 450 MW. The latter participated in the auction round through Project Ten Renewable Power, according to Mercom India Research. Azure Power won 150 MW for INR 2.35 ($0.032) per kWh.

150 MW PV commissioned in Rajasthan: Tata Power subsidiary Tata Power Renewable Energy Limited (TPREL) has commissioned a 150 MW solar power plant in Rajasthan’s Loharki village. It is equipped with around 656,700 modules and expected to generate over 350 million units annually. Offtaker for this project is Tata Power Company Limited-Distribution (TPC-D). Tata Power’s total installed renewables capacity now increases to 2,947 GW comprising 2.015 GW of solar and 932 MW of wind. It has an additional 1.084 GW renewables capacity under implementation.

Loom Solar’s Shark solar panel series: A solar panel manufacturing startup, Loom Solar has launched solar panels with up to 440 W and 530W output calling it Shark series. The modules incorporate ‘pure’ monocrystalline PERC solar technology with 144 solar cells, and 9 busbars. The 2 variants are Shark 440W mono PERC and 440W to 530W bifacial.

Massive PV investment by ArcelorMittal: One of the largest steel producers of the world ArcelorMittal met up with the Chief Minister of Rajasthan Ashok Gehlot to express his desire of investing INR 190 billion ($2.58 billion) in solar energy domain in the state. He plans to set up a 4.5 GW solar park here. He reportedly also committed to investing in the state of Gujarat as the government here announced ArcelorMittal’s Executive Chairman Laxmi Mittal’s willingness to invest INR 500 billion ($6.78 billion) in solar, wind and hydrogen gas production industries.

ICRA’s outlook stable for Indian renewables: Credits ratings agency ICRA says its outlook for India’s renewable energy sector is stable and counts a number of reasons for the same, including continued policy support, strong project pipelines and superior tariff competitiveness of wind and solar power projects in utility and open access segments, among others. Delays in payment for renewable energy developers from state distribution utilities and grid curtailments as well as land availability and transmission infrastructure continue to remain big issues.

About The Author

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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