Waaree announces shipment of 15MW high efficiency mono solar modules for NSCBI Airport, Kolkata
Dubai Electricity and Water Authority (DEWA) has achieved another world record by awarding the 700MW AED14.2 billion fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park. This is the largest single-site Concentrated Solar Power (CSP) project in the world, based on the Independent Power Producer (IPP) model. The contract is awarded to a consortium comprising Saudi Arabia’s ACWA Power and China’s Shanghai Electric.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170916005007/en/
DEWA project will have the world’s tallest solar tower, measuring 260 metres (Photo: AETOS Wire)
The consortium bid the lowest Levelised Cost of Electricity (LCOE) of USD 7.3 cents per kilowatt hour (kW/h). The project will have the world’s tallest solar tower, measuring 260 metres. The power purchase agreement and the financial close are due to be finished shortly. The project will be commissioned in stages, starting from Q4 of 2020.
“Awarding this strategic project supports the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to promote sustainability, and make Dubai a global centre for clean energy and a green economy. This vision is supported by the Dubai Clean Energy Strategy 2050 to increase the share of clean energy in Dubai’s total power output to 7% by 2020, 25% by 2030, and 75% by 2050.
“Our focus on renewable energy generation has led to a drop in prices worldwide and has lowered the price of solar power bids in Europe and the Middle East. This was evident today when we received the lowest CSP project cost in the world,” said HE Saeed Mohammed Al Tayer, MD&CEO of DEWA.
The Mohammed bin Rashid Al Maktoum Solar Park is the largest single-site solar park in the world, based on the IPP model. It will generate 1,000MW by 2020 and 5,000MW by 2030. The 13MW photovoltaic first phase became operational in 2013. The 200MW photovoltaic second phase of the solar park was launched in March 2017. The 800MW photovoltaic third phase will be operational by 2020, and the first stage of the 700MW CSP fourth phase will be commissioned in Q4 of 2020.
*Source: AETOS Wire
MULTIMEDIA AVAILABLE :
Tigo, pioneer of the smart modular Flex MLPE platform, and SMA, global market leader for solar inverters, have joined forces to deliver total compliance with the newly released SunSpec Alliance specifications regarding Rapid Shutdown adoption for PV plants. SunSpec Alliance, certifier of PV components and communication standards, has defined the specifications of the powerline-based PV transmitter signal covering varying installation types and regions.
Tigo and SMA’s partnership brings the first transmitter and receiver offering representing interoperability between the inverter and the PV module's MLPE. SMA’s full line of US string inverters will be supporting the new SunSpec standard to fulfill the tightened module-level requirements in National Electric Code (NEC) 2017, becoming mandatory in January 2019. Tigo will expand its current offering to include a SunSpec Rapid Shutdown and add this capability to its TS4 Flex MLPE product line. The new addition is 100% compatible and certified by about 40 PV module suppliers currently using the TS4 platform – including Trina Solar, Itek, and Sunpreme. The new offering is also available for add-on or retrofit applications.
The new SunSpec specifications were developed by a workgroup of more than 75 solar professionals. Combining Tigo’s module-level shutdown capabilities and SMA’s renowned Arc Fault Circuit Interrupter (AFCI) function, the unique partnership will deliver maximum system safety and reliability by adhering to those specifications and being fully compliant with NEC 2017. Once adopted, this robust solution will accommodate all PV modules while minimizing multivendor compatibility issues.
“The solar industry is experiencing significant growth with new requirements, so we welcome the vendor coordination efforts and the wide adoption by many vendors working to improve the safety of clean energy production,” says Danny Eizips, VP of Engineering at Tigo. "This is a great opportunity for multivendor support."
“Together, SMA and Tigo are minimizing the adoption difficulties presented with any new specifications,” says Nick Morbach, Executive Vice President of Residential and Commercial Business Unit at SMA.
“As a Tigo partner and integrator of TS4, Trina welcomes the wide adoption of this safety feature,” says Jing Tian, President of North American Region at Trina. “We are now shipping our Rapid Shutdown compliant smart modules.”
Tigo is a Silicon Valley company founded in 2007 by a team of experienced technologists. Combining a unique systems-level approach with expertise in semi-conductors, power electronics, and solar energy, the Tigo team developed the first-generation Smart Module Optimizer technology for the solar industry. Tigo's vision is to leverage integrated and retrofitted Flex MLPE and communications technology to drive the cost of solar electricity down. By partnering with tier 1 module and inverter manufacturers in the industry, Tigo is able to focus on its key innovation with the smartest TS4 modular platform and leverage the broader ecosystem. Tigo has operations in the USA, across Europe, Latin America, Japan, China, Australia and the Middle East. Visit www.tigoenergy.com.
ABB India will provide solar inverters to 750 railway stations in north India to reduce dependence on traditional sources of energy.
Azure Roof Power offers superior rooftop solar power solutions for commercial, industrial, government, and institutional customers in cities across India to lower their energy bill and meet their greenhouse gas (GHG) emission reduction targets. With over 150 MWs of high quality, operating and committed solar assets across 19 states, Azure Roof Power has one of the largest rooftop portfolios in the country. Azure Roof Power has a well-diversified customer base with majority portfolio contracted with Government of India backed entities. Azure Roof Power customers include large commercial real estate companies, a leading global chain of premium hotels, distribution companies in smart cities, warehouses, Delhi Metro Rail Corporation, Indian Railways, Delhi water utility company and various Government of India Ministries.
Commenting on the occasion, Mr Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer, Azure Power said, “Azure Roof Power offers tremendous value to our customers across various segments. We are pleased to announce our latest win with Solar Energy Corporation of India to electrify Government of India buildings across 10 states. With this win, we have once again demonstrated our strong project development capabilities and are delighted to make this contribution towards realization of our Hon’ble Prime Minister’s commitment towards clean and green energy, through solar power generation.”
About Azure Power
Azure Power (NYSE: AZRE) is a leading solar power producer in India with a portfolio of over 1,000 MWs across 22 states/union territories. With its in-house engineering, procurement and construction expertise and advanced in-house operations and maintenance capability, Azure Power provides low-cost and reliable solar power solutions to customers throughout India. It has developed, constructed and operated solar projects of varying sizes, from utility scale to rooftop, since its inception in 2008. Highlights include the construction of India’s first private utility scale solar PV power plant in 2009 and the implementation of the first MW scale rooftop project under the smart city initiative in 2013.
For more information, visit: www.azurepower.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s future financial and operating guidance, operational and financial results such as estimates of nominal contracted payments remaining and portfolio run rate, and the assumptions related to the calculation of the foregoing metrics. The risks and uncertainties that could cause the Company’s results to differ materially from those expressed or implied by such forward-looking statements include: the availability of additional financing on acceptable terms; changes in the commercial and retail prices of traditional utility generated electricity; changes in tariffs at which long term PPAs are entered into; changes in policies and regulations including net metering and interconnection limits or caps; the availability of rebates, tax credits and other incentives; the availability of solar panels and other raw materials; its limited operating history, particularly as a new public company; its ability to attract and retain its relationships with third parties, including its solar partners; its ability to meet the covenants in its debt facilities; meteorological conditions and such other risks identified in the registration statements and reports that the Company has filed with the U.S. Securities and Exchange Commission, or SEC, from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and the Company assumes no obligation to update these forward-looking statements.
Mahindra Susten, one of India’s largest and most trusted solar EPC Company, has announced the launch of India’s first Mobile PV laboratory for testing of the Solar PV modules on site.
Enerparc Energy Pvt. Ltd., a subsidiary of Global Solar Solution provider, Enerparc AG, Germany recently announced receipt of 5MWp Ground Mounted Solar PV order from GMRs Hyderabad International Airport Limited (GHAIL), Hyderabad.
Tigo®, pioneer of the smart modular Flex MLPE platform, announced the launch of three new "Duo" covers to its TS4 add-on / retrofit solution: TS4-R-O-Duo (Optimization), TS4-R-S-Duo (Safety), and TS4-R-M-Duo (Monitoring). The TS4-R-X-Duo brings smart module functionality to standard PV modules, adds smart features to new PV installations, and upgrades underperforming PV assets. With UHD-Core technology and expanded specifications, the Duo supports two PV modules connected in series with a combined power of up to 700W and a combined voltage of up to 90V.
With a universal base and a range of covers containing flexible module-level power electronics (Flex MLPE), Tigo's Duo increases freedom of choice when selecting features for any project and budget. All three Duo covers work with any inverter and any module within its electrical specifications. This new addition is fully compatible with Tigo's current shipping products. Customers can design Smart PV Systems by mixing any of the TS4 products for the highest cost-efficiency. The Duo also supports Tigo's unique Selective Deployment capabilities. Both the TS4-R-O-Duo (Optimization) and TS4-R-S-Duo (Safety) are NEC 690.12 rapid shutdown compliant and pending approval by Underwriters Laboratories (UL).
"Around the world, we have received requests for an add-on product that is optimized, safe, and monitored for commercial-sized products," says Zvi Alon, CEO at Tigo. "Now, we are meeting those demands with the most flexible MLPE which is also widely recognized in the market for the highest ROI."
Tigo is a Silicon Valley company founded in 2007 by a team of experienced technologists. Combining a unique systems-level approach with expertise in semi-conductors, power electronics, and solar energy, the Tigo team developed the first-generation Smart Module Optimizer technology for the solar industry. Tigo's vision is to leverage integrated and retrofitted Flex MLPE and communications technology to drive the cost of solar electricity down. By partnering with tier 1 module and inverter manufacturers in the industry, Tigo is able to focus on its key innovation with the smartest TS4 modular platform and leverage the broader ecosystem. Tigo has operations in the USA, across Europe, Latin America, Japan, China, Australia and the Middle East. Learn more at www.tigoenergy.com.
NTPC’s stellar performance
02nd Sep, 2017
NTPC Ltd, the leading power generator recorded 12.55% growth in generation for the month of August’2017 over corresponding period last year. The total generation for the month was 22.347 Billion Units as against 19.855 Billion Units.
The PLF increased by 5.58% over the corresponding period last year.
Koldam Hydro Electric Power Project generated electricity at its peak capacity during this period.
In line with Govt of India’s thrust on Renewable energy, the company’s solar stations generated 455 Million Units from 870 MW capacity. This is 3 times higher than last year.
« Back to Press Releases
NTPC signs Term Loan of Rs. 3000 crore with ICICI Bank Ltd.
30th Aug, 2017
NTPC signed a term loan agreement for Rs.3000 Crore with ICICI Bank Ltd on 29.08.2017. The loan has a door to door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC. The loan agreement was signed in the presence of Shri K.Biswal, Director (Finance), NTPC Ltd.
« Back to Press Releases
Kaeser Compressors India Private Limited, a subsidiary of global leader, supplier of compressors and compressed air products KAESER KOMPRESSOREN SE, Germany announced commissioning of 120kWp captive Rooftop Solar PV power plant at their state of the art manufacturing facility at Pune in state of Maharashtra.
ABB consolidated its market leadership for solar inverters contributing to ~ 40% of the installed solar projects in the country at 13 GW
NSEFI Chairman Pranav R Mehta, who is also the Co- Chairman of Global Solar Council received the prestigious Global Excellence Award in Renewable Energy from the Energy and Environment Foundation at the hands of Minister of State for Power , New and Renewable Energy ,Coal and Mines ( Independent Charge) Shri Piyush Goyal at a glittering ceremony at the national capital New Delhi on 21 August 2017.