Uma Gupta
India Ratings upgrades Adani Green Energy to ‘IND AA-’ with Stable outlook
The upgrade factors in Adani Green Energy Ltd’s continued strong operational asset performance, strong execution scale-up with annual capacity additions likely to be 4 GW-5 GW annually over the medium term, and healthy counterparty diversification and reduction in receivables, leading to an increase in the cash flow from operations.
NTPC launches 1.2 GW renewables-plus-storage tender
NTPC has launched a tender to select developers for 1.2 GW of firm, dispatchable power from renewable energy projects backed with energy storage systems. The projects can be located anywhere in India. Bidding closes on July 23.
New study provides state-wise renewables addition plan for India
A new study by government thinktank NITI Aayog provides state-wise renewable energy potential that can be harnessed by states to meet their renewable purchase obligations, RE capacity that needs to be procured by the deficit states from other RE-rich states, and storage requirement to meet the required grid balancing. The study was carried out with the support of the Central Electricity Authority and the Ministry of New and Renewable Energy.
Schneider Electric opens new campus in India
Spread across 6.3 lakh sq.ft. and built with an investment of INR 200 crore (EUR 22 million), the new campus in Bengaluru will host a global innovation hub, training center, R&D center, skill center and digital hub with a capacity to accommodate over 8,000 professionals.
Battrixx to use EVE Power’s battery cells for energy storage solutions
Kabra Extrusion Technik will produce advanced battery energy storage system (BESS) solutions based on battery cells from China’s Eve Power.
Another bidding extension for 25 MW AC solar plant with 20 MW/50 MWh battery storage in Leh
Solar Energy Corp. of India (SECI) has extended bidding for the installation and commissioning of the 25 MW AC (50 MWp DC) solar PV plant with 20 MW/50 MWh battery storage in Leh by another two weeks.
The Hydrogen Stream: GAIL opens 10 MW green hydrogen plant
GAIL (India) Ltd, India’s largest natural gas company, has set up a green hydrogen plant that can produce 4.3 tonnes of hydrogen per day through 10 MW PEM (proton exchange membrane) electrolyzer units.
Solar panels in orbit
Space-based solar power generation has the potential to address many of the challenges that terrestrial systems face.
Solex Energy profit grows 222% YoY in FY 2023-24
Solex Energy Ltd, a Surat-based solar panel manufacturer and EPC provider, has posted revenue from operations of INR 3,659.2 million and a net profit of INR 87.3 million for FY 2023-24.
SECI launches 1.2 GW solar tender
Solar Energy Corp. of India (SECI) has invited bids to set up 1.2 GW of solar PV power projects on a build-own-operate basis in India. Bidding closes on July 12.
