Indosolar Limited commences module manufacturing at Greater Noida; ALMM List I now over 50 GW strong; APM Terminals switches to 80% renewable electricity; Waaree receives LOA for over 31 MW PV; 500 MW MSEDCL auction complete, says Mercom.
1.3 GW module capacity online: Solar cell and module producer Indosolar Limited says it has set up a 1.30 GW solar module manufacturing facility at its Greater Noida factory in Uttar Pradesh. The fab started rolling out solar modules from July 11, 2024. Indosolar is part of the Waaree Group that acquired the company in May 2022 to strengthen its cell production portfolio (see Waaree Energies To Acquire Solar Cell Maker). Waaree has an aggregate installed solar PV module manufacturing capacity of 12 GW as of June 30, 2023.
MNRE updates ALMM list-I: The Indian Ministry of New and Renewable Energy (MNRE) has updated the Approved List of Models and Manufacturers List I, which specifies models and manufacturers of solar PV modules that comply with the Bureau of Indian Standards (BIS) standards. These also need to have some minimum efficiency levels. In an update dated July 8, 2024, the ministry has increased the total solar module production capacity of India to 50.675 GW, according to Mercom India Research.
APM adds 10.65 MW solar plant: India’s ‘busiest’ container terminal handling facility, APM Terminals Mumbai has announced switching to 80% renewable electricity with a 10.65 MW captive solar plant. Commissioned by EQT Infrastructure and Temasek-backed O2 Power, the project will sell power generated to APM under a power purchase agreement (PPA). It will be used to power the terminal’s quay cranes and reefers. APM expects this captive PV plant to bring down its carbon equivalent emissions by more than 15,000 tons annually, leading to 41% carbon emission reduction.
Solar LOA for Waaree: Waaree Renewable Technologies Limited (WAAREERTL) has secured letters of award (LOA) for 2 separate projects with more than 31 MW DC solar PV capacity. It entails EPC work for a 30 MW DC solar PV project on a turnkey basis for a manufacturer of specialized seamless tubes. The project is estimated to cost close to INR 903 million ($10.8 million). The other project of 1.09 MW DC capacity will be developed using HDPE floater as the mounting structure technology. Awarded by a metal recycling and chemicals company, it will cost approximately INR 41.2 million ($0.49 million). Both projects are scheduled for completion in FY 2024-25.
500 MW MSEDCL auction results: The Maharashtra State Electricity Distribution Company (MSEDCL) has auctioned 500 MW wind-solar hybrid capacity for the lowest winning bid of INR 3.60 ($0.0431)/kWh to JSW Neo Energy and Juniper Green Energy. Both the companies won 200 MW and 75 MW, respectively, according to Mercom India Research. BN Peak Power-1 of BrightNight secured 76 MW for INR 3.62 ($0.0434)/kWh. Avaada Energy laid claim to 75 MW for INR 3.69 ($0.0442)/kWh under the bucket-filling method.
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