A consortium of Saudi-based developer ACWA Power and contractor AlGihaz have closed financing of the SAR1.2 billion (US$319 million) Sakaka solar project standing at 300MW in Al Jouf, Saudi Arabia, a project that attracted headlines across the world last year after the government chose ACWA Power despite Masdar putting in the lowest ever solar bid.
UPDATE: Major Indian solar EPC firm Mahindra Susten has put in the lowest bid for a solar and energy storage tender in the Andaman and Nicobar Islands for the second time, having seen its victory in the original auction torn away by authorities as they explored other sources of power generation.
NTPC tenders for energy storage combined with 30MW of new and existing solar in Andaman and Nicobar islands, Mahindra closes financing on 250MW Rewa solar project with Yes Bank, Vikram Solar commissions 100kW rooftop solar project for Indian Oil Corporation.
After cancelling a major solar-plus-storage tender in the Andaman and Nicobar Islands, even after holding an auction, NLC India has now released a new tender with a reduced energy storage component, as expected.
The winner of India’s first major solar-plus-storage auction, which has subsequently been scrapped for retendering, has said that despite being an unfortunate development, the firm is still keen to work closely with government on this technology for the which the economics are continuously and rapidly improving.
Mahindra Susten completes Rajasthan’s largest rooftop PV plant, L&T Construction bags 200MW of solar EPC orders from SB Energy and NLC India, CleanMax completes Pune rooftop for Knorr-Bremse
State-run coal mining and power firm NLC India has auctioned a 20MW solar PV project to be combined with 28MWh of energy storage capacity in the Andaman and Nicobar Islands.
Some solar projects in India have seen module performance drop 10% in first year or 8% in the third year alone, according to Mahindra Susten field tests.
Power purchase agreements (PPAs) have been signed for the pioneering Rewa solar park projects, which briefly had the lowest solar tariffs ever in India.
After 33 hours of bidding, Mahindra Renewables, Acme Solar and Solenergi Power have emerged triumphant in the 750MW solar auction in Madhya Pradesh, with the lowest price smashing records at just INR2.97/kWh (US$0.044) in year one before an annual escalation kicks in.
