The joint venture of UPC Solar Asia Pacific and the AC Energy Inc, a subsidiary of Philippine-based Ayala Corporation, is set to build a 100 MW solar photovoltaic plant in the Rajasthan state of India.
The Sitara Solar project was secured by the joint venture from the tender held by the Solar Energy Corporation of India (SECI) for a bid of INR2.48 (US$0.033) per kWh.
The project is set to be operational by the first quarter of 2021. It is estimated that the development of the project would cost about US$68 million.
Country updates
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July 10, 2020
BP invests US$70mn in Green Growth Equity Fund
British oil and gas major BP is set to invest in the Green Growth Equity Fund (GGEF) in India. The fund, established in 2018, is focused on identifying, investing, and supporting growth in zero c...
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July 08, 2020
IBC SOLAR closes sale of solar project to NextEnergy Capital's fund
IBC SOLAR Energy GmbH, a unit of IBC SOLAR AG, a leading global system house for photovoltaics (PV) and energy storage based in Germany, has completed the sale of its solar photovoltaic project i...
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July 02, 2020
Enel Green Power wins 420 MW solar tender in India
Enel Green Power (EGP), through its subsidiary EGP India, has been awarded the right to sign a 25-year energy supply contract for a 420 MW solar project in India, which will be located in the State of...
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June 26, 2020
AES Corp divests entire equity stake in 1,740 MW OPGC 1&2 coal-fired power plants in Odisha
The AES Corporation has signed an agreement to sell its entire equity interest in the 1,740 MW OPGC 1&2 coal-fired power plants in Odisha, India to Adani Power Limited. AES previously announced a...
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June 22, 2020
Tata Power Co awarded to develop 100 MW solar project in Maharashtra
Tata Power Co Ltd, through its Tata Power Renewable Energy Ltd (TPREL) subsidiary, has received a letter of award from Maharashtra State Electricity Distribution Co Ltd. (MSEDCL) for the development o...
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