Uttar Pradesh New & Renewable Energy Development Agency has invited bids for 2 MW grid-connected rooftop solar systems with battery backup for captive use in government buildings. The individual system sizes can vary from 11 kW to 50 kW. The project’s estimated cost is ₹440 million (~$5.21 million). The rooftop solar systems should be installed within four months of receiving the work order. Installers must provide operation and maintenance services for 10 years. The last day to submit the bids is November 29, 2024. Bids will be opened on the next day.

The Agency for New and Renewable Energy Research and Technology has invited bids for a grid-connected 1 MW solar project at the Kerala University of Health Sciences, Thrissur, Kerala. The last date to submit the bids is December 6, 2024. Bids will be opened on the same day. Bidders must pay a tender document fee of ₹17,850 (~$211.5). They must also furnish an Earnest Money Deposit of ₹100,000 (~$1,185). The successful bidder must pay 2.5% of the total project cost as a license fee to ANERT.

Government-owned Power Finance Corporation has transferred its special purpose vehicle Pune-III Transmission to Adani Energy Solutions, which emerged as the successful bidder for the evacuation of 7 GW of power from the potential renewable energy zone in Khavda, Gujarat, under Phase IV, Part D. The inter-state transmission system (ISTS) project will be executed under a Build, Own, Operate, and Transfer model. Adani Energy Solutions will be responsible for the end-to-end execution, financing, and long-term operation of the system.

Haryana-based solar module manufacturer Saatvik Green Energy has filed its draft red herring prospectus with the Securities and Exchange Board of India to raise up to ₹11.5 billion (~$136.26 million) through an initial public offering. The company’s proposed IPO is a combination of a fresh issue of shares worth ₹8.5 billion (~$100.71 million) and an offer for sale of ₹3 billion (~$35.54 million) by promoters. The shares will have a face value of ₹2 (~$0.024). The net proceeds from the offer will be utilized primarily for debt repayment and investments in the company’s wholly-owned subsidiary, Saatvik Solar Industries.

France-based energy solutions provider ENGIE will develop a 22 MW solar photovoltaic project for Saudi Arabia’s Al Jouf Cement Company near Turaif in the country’s Northern Borders Province. The two companies signed a power purchase agreement for the project covering an area of 420,000 square meters. The solar project is expected to cut carbon emissions by approximately 1.48 million tons over its 25-year operational lifespan. By generating on-site renewable power, the project will help Al Jouf Cement reduce dependence on conventional energy sources while ensuring stable energy costs under the fixed-rate PPA agreement.