Daily News Wrap-Up: SJVN Issues Tender for a 90 MW Floating Solar Project

Borosil Renewables forms an SPV to manage its subsidiary in Liechtenstein


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

SJVN Green Energy, a wholly-owned subsidiary of SJVN, issued a notice inviting tender for the design, engineering, supply, construction, erection, testing, and commissioning of a 90 MW floating solar project at Omkareshwar in Madhya Pradesh. The selected bidders are also to provide the plant’s comprehensive operation and maintenance for three years. The last date to submit the bids is August 1, 2022. Bids will be opened on the same date. The bidders must submit a non-refundable bidding fee of ₹15,000 (~$188.40) and an earnest money deposit of ₹59.7 million (~$749,831). SJVN had won 100 MW capacity by quoting ₹3.26 (~$0.041)/kWh in Rewa Ultra Mega Solar Limited’s (RUMSL’s) auction for the 600 MW floating solar park at the Omkareshwar reservoir.

Borosil Renewables announced the setting up a special purpose vehicle (SPV) in Liechtenstein called Laxman AG. The SPV was incorporated to effectively manage Borosil Renewable’s recent acquisition of Interfloat and enable the company to explore additional business opportunities and partnerships in Europe. The company will directly hold a 100% stake in this entity. Earlier in April, Borosil Renewables had announced the acquisition of 100% share capital of lnterfloat Corporation and Glasmanufaktur Brandenbur (GMB), entities engaged in the solar glass manufacturing business, sales, and distribution, in Europe for a cash consideration and shares equivalent to €52.5 million (~$52.59 million).

TP Saurya, a wholly-owned subsidiary of Tata Power, received the ‘Letter of Award’ (LoA) from Solar Energy Corporation of India (SECI) to set up a 600 MW hybrid (wind and solar) power project in Karnataka. The letter was awarded through tariff-based competitive bidding followed by an e-reverse auction. The project will be commissioned within 24 months from the execution date of the power purchase agreement. TP Saurya had won the capacity in SECI’s auction to set up 1,200 MW interstate transmission system-connected wind-solar hybrid projects (Tranche V) across India by quoting a tariff of ₹2.53 (~$0.032)/kWh.

The Commission for Air Quality Management in NCR & Adjoining Areas has formulated a comprehensive policy to reduce air pollution in the Delhi-NCR region. This policy contains sector-wise recommendations for agencies and departments of Central Government, NCR State Governments, and Government of National Capital Territory of Delhi, and the Central and State Pollution Control Boards to prevent, control, and decrease air pollution. The policy deals with thermal power plants, clean fuels and electric mobility, public transport, road traffic management, diesel generators, and greening and plantation.

Finland-based energy company Wärtsilä signed agreements to supply a 500 MW/2 GWh portfolio of energy storage systems to the clean energy developer and operator Clearway Energy Group. The contracts cover five sites in Hawaii and California and include one of the world’s largest solar-plus-storage project portfolios. Combining energy storage and solar photovoltaic resources will provide essential grid reliability to balance an increasing renewable generation mix. The addition of energy storage will help Clearway Energy Group ensure reliable delivery of sustainable energy and contribute to Hawaii’s goal of reaching 100 percent renewable energy generation by 2045.