CleanTechies
  • Home
  • Articles
    • Clean Transportation
    • Energy Efficiency
    • Green Building
    • Renewable Energy
    • Recycling & Waste
    • Water & Conservation
  • Contact
    • Editorial
      • General Inquiries
      • Article Submission
    • Advertising
      • Advertising & Sponsorship
      • Guidelines
      • Media Kit
  • Are you a CleanTechie?

CleanTechies

  • Home
  • Articles
    • Clean Transportation
    • Energy Efficiency
    • Green Building
    • Renewable Energy
    • Recycling & Waste
    • Water & Conservation
  • Contact
    • Editorial
      • General Inquiries
      • Article Submission
    • Advertising
      • Advertising & Sponsorship
      • Guidelines
      • Media Kit
  • Are you a CleanTechie?
Tag:

Shapoorji Pallonji

SoftBank, SkyPower Global Eye Share In 1 GW Solar Power Park In India

SoftBank, SkyPower Global Eye Share In 1 GW Solar Power Park In India

written by saurabh

A number of Indian and foreign project developers are looking to set up projects under the planned 1 GW solar power park in the Indian state of Odisha.

According to media reports, interested developers include SoftBank-led SB Energy and Canada-based SkyPower Global. Among the Indian developers looking to set up projects are Azure Power, Panchvaktra Holdings, Orange Renewable and  Shapoorji Pallonji.

Last year, the government of Odisha has announced plans to set up 1 GW solar power park spread over 5,000 acres of land. The state would acquire 20% of the electricity generated while the developers shall be free to sell the balance in open market, perhaps one of the reasons for such great interest shown by these companies.

Under the public partnership model, Green Energy Development Corporation of Odisha Ltd (GEDCOL), a 100 per cent subsidiary of Odisha Hydro Power Corporation would be the nodal agency for implementation of the solar park. GEDCOL would partner with Solar Energy Corporation of India (SECI) for development of this park.

Auction of projects that will form part of the solar power park will likely by conducted by the Solar Energy Corporation of India (SECI) which also recently auctioned 270 MW solar power capacity in the state.



September 24, 2016 0 comment
0 Facebook Twitter Google + Pinterest
Indian Project Developers Quote Lowest-ever Solar Bid Of US¢6.5/kWh

Indian Project Developers Quote Lowest-ever Solar Bid Of US¢6.5/kWh

written by saurabh

Indian project developers have pushed solar power bids to record-lows in the latest solar power auction under the National Solar Mission.

An auction held by NTPC Limited for the implementation of 130 MW capacity in the western state of Rajasthan saw project developers bidding at Rs 4.35-4.36/kWh (US¢6.5/kWh). This the lowest-ever tariff bid by Indian companies and almost matches the lowest-ever tariff bid quoted in India.

Three companies, all controlled by Indian industrial conglomerates, secured the projects. Shapoorji Pallonji secured rights to develop 50 MW capacity at tariff of Rs 4.35/kWh. Mahindra Susten, part of the Mahindra & Mahindra Group, won a 60 MW project at Rs 4.35/kWh. A company part of the Adani Group secured 20 MW project at Rs 4.36/kWh.

The lowest-ever solar tariff bid seen in India till date stands at Rs 4.34/kWh (US¢6.5/kWh). The bid was placed by Indian arm of Finland-based Fortum Group. The company secured the 70 MW project as part of a 420 MW solar power park being developed by NTPC Limited in the western state of Rajasthan.

It is no coincidence that the lowest tariff by an Indian company has been received for a project located in Rajasthan. The state has ample solar radiation resource and cheap land which can be leased from the government for several years.

Another reason for the low bids is that the power shall be procured by NTPC Limited, a government-owned entity. Being an NTPC project has its benefits as financial institutions and banks tend to favour the developer in the lending process.



July 20, 2016 0 comment
0 Facebook Twitter Google + Pinterest

CleanTechnica.TV

Listen to CleanTech Talk

CleanTech Talk

Free CleanTechnica Newsletters

CleanTechnica's main newsletter (daily)

CleanTechnica's EV newsletter

CleanTechnica's wind newsletter

CleanTechnica's solar newsletter

CleanTechnica's weekly newsletter

Support Our Work

CleanTechnica Clothing & Cups

Recent CleanTechie Bios

Henk Rogers

JB Straubel

Lynn Jurich

Matt Moroney

Kyle Field

Paul Francis

Chelsea Harder

Griff Jurgens

Scott Cooney

The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by, and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.


Back To Top