Daily News Wrap-Up: Torrent Power Completes Acquisition of a 50 MW Solar Project

NTPC commissions 42.5 MW out of 100 MW Ramagundam floating solar project

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

Torrent Power announced the completion of its acquisition of 100% of the share capital and all securities of the special purpose vehicle (SPV) Lightsource Renewable Energy Holdings Limited (LREHL) Renewables India SPV1, which operates a 50 MW solar project in Maharashtra. The acquisition agreement was previously signed by Torrent Power with Lightsource India and Lightsource Renewable Energy in August last year.

NTPC, in a recent notification, announced the commissioning of a third part capacity of 42.5 MW out of 100 MW Ramagundam floating solar project at Ramagundam, Telangana. With this commissioning, the standalone installed and commercial capacity of NTPC has become 54.5 GW. Further, the group installed and commercial capacity of NTPC has become 68.6 GW and 67.9 GW, respectively.

Alpina Holdings, a Singapore-based building and engineering service provider, announced that its wholly-owned subsidiary, Digo Corporation, and Terrenus Energy, have been jointly awarded the sixth solar leasing tender under the SolarNova program by the Housing & Development Board. Terrenus Energy is a renewable energy systems developer and solutions provider based in Singapore. With a solar capacity of 70 MWp, the project will be able to meet public sector demand for the installation of solar panels across 1,198 HDB blocks and 57 government sites.

UbiQD, a tech company specializing in nanomaterials innovation, and Heliene, a provider of solar modules, announced the initiation of joint development of Agrivoltaic modules for greenhouses. The joint development agreement intends to embed UbiGro sunlight optimizing technology in Heliene’s photovoltaic modules. ‘Agrivoltaics’ is a product that will help crop production and electricity production to occur simultaneously and in the same area. For a greenhouse, this means allowing a large portion of the sunlight to pass through to the crop below, with the remaining portion being converted into solar power.

Idaho Power, a U.S.-based energy company, announced its partnership with Micron Technology, a memory and storage solutions company, to construct a new 40 MW solar project. The project will support Micron’s goal to source 100% renewable energy for its U.S. operations by 2025. As part of the contract, Idaho Power has asked the Idaho Public Utilities Commission (IPUC) to approve a power purchase agreement with Black Mesa Energy, LLC, to develop a dedicated solar facility for Micron’s renewable energy use. The new facility will be located near Micron’s Boise corporate headquarters.

Atlas Renewable Energy, a U.S.-based renewable energy generator, announced the commissioning of its Sol del Desierto solar power plant with a total capacity of 244 MW. The project located in the commune of María Elena, Antofagasta Region in Chile, is one of the largest projects in the country. With 582,930 solar panels spread over 479 hectares, the plant will generate 714 GWh annually. The project has already started operations, has a long-term solar power purchase agreement (PPA) between Atlas Renewable Energy and Engie Energía Chile, agreeing to supply 550 GWh per year of solar energy for 15 years. The plant’s generation enables the supply of clean energy to 345,198 homes.

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