Daily News Wrap-Up: SJVN Achieves Financial Closure for a 70 MW Solar Project

NTPC commissions 20 MW capacity out of the 56 MW Kawas Solar Project


Here are some noteworthy cleantech announcements of the day from around the world:

SJVN announced the financial closure of the 70 MW Bagodara Solar Power project in Gujarat by allocating the necessary debt of ₹2.67 billion (~$34.29 million) out of the total project cost of ₹3.34 billion (~$42.91 million) from its foreign currency term loan. The contract was signed in September 2021. The project would be able to generate 178.20 million units in its first year of operation. SJVN bagged the project from GUVNL at a tariff of ₹2.21 (~$0.028)/kWh.

NTPC announced the successful commissioning and commercial operation of the first capacity of 20 MW out of the 56 MW Kawas solar project in Kawas, Gujarat. With this, the standalone installed and commercial capacity of NTPC has touched 54.62 GW. The group’s installed and commercial capacity is now 68.98 GW and 68.32 GW.

Solar Energy Corporation of India (SECI) announced the annulment of the operation and maintenance tender for a 1 MW grid-connected rooftop solar power project at Port Blair in the union territory of Andaman and Nicobar for five years. The tender was issued in July 2021 to manage the day-to-day operations of 1 MW of rooftop solar projects installed at 13 government offices in Port Blair.

Soluna Holdings, through its subsidiary Soluna Computing, a developer of green data centers that convert excess renewable energy into global computing resources, secured $35 million in project financing to develop green data centers co-located with renewable energy assets. Spring Lane Capital, a private equity firm, invested private funds in Soluna as a part of their strategy focused on hybrid project capital for sustainability solutions in the energy, food, water, waste, and transportation industries. The capital will help develop three behind-the-meter projects that convert wasted renewable energy into clean computing services such as bitcoin mining and artificial intelligence. The first of the three projects, Dorothy, is a 100 MW data center with a 50 MW initial phase connected to a Texas wind farm that produces more electricity than the grid can consume. The other two projects funded by the new capital will come from Soluna’s robust pipeline.

Airtouch Solar signed agreements in India for the sale and maintenance of its robotic cleaning solutions totaling more than $1.3 million, including a transaction with the Indian conglomerate Hero as a returning customer, totaling $940,000. The transaction will yield Airtouch revenues of approximately $940,000, be paid at several milestones in the delivery and installation of the systems, and afterward over 25 years while providing operation and maintenance services. The company expects the supply and installation of the robots to be completed in the year 2022.

Chartered Speed, a passenger mobility company, signed a memorandum of understanding (MoU) with GIFT City – India’s first Smart City to work together toward building a dynamic Electric Vehicles (EV) ecosystem. The collaboration aims to enhance public transport facilities for commuting to and from GIFT city and promote and strengthen EV infrastructure in Ahmedabad and Gandhinagar region. As part of the MoU, Chartered Speed will provide EV mobility for intra and inter-city travel in which the company will operate an electric bus service connecting GIFT City with Ahmedabad and Gandhinagar and provide electric bikes for the convenience of people working, residing, and visiting GIFT City.  Chartered Speed will manage the day-to-day fleet operations, including drivers, route, fare and fare collection, maintenance of buses, and the setting up of charging infrastructure across GIFT City.