Torrent Power has bought a 50 MW solar plant in Telangana that supplies power to Northern Power Distribution at a tariff of about INR 5.35 ($0.069)/kWh, fixed for the entire 25-year duration of the power purchase agreement. The project has a remaining useful lifetime of about 20 years.

Premier Energies and Azure Power have signed a strategic alliance under which Azure will invest in Premier’s 1.25 GW mono PERC cell and module facility in Telangana. It will also source 2.4 GW of solar modules from the plant over the next four years.

Amara Raja’s power system business has landed a contract with NTPC to set up India’s first green hydrogen fueling station in Leh district, Ladakh. NTPC is running a pilot project in the region with five hydrogen fuel cell buses.

Tata Power’s profit after tax grew by 50% year on year to INR 2,156 crore ($276 million) for the fiscal year ending March 31, 2022.

The state government has already allotted land for the massive solar project that will be set up with an investment of INR 5,000 crore ($639 million).

NTPC Renewable Energy Limited (NTPC REL) is seeking contractors to install and commission 200 MW of grid-connected solar capacity anywhere in Madhya Pradesh.

The US multinational will expand the solar and battery energy storage manufacturing capacity at its factory in Tamil Nadu to 9 GW per annum by the end of 2022. The factory manufactures FlexInverter power conversion solution and FlexReservoir utility-scale energy storage solution.

The investment needs to more than double to $30-$40 billion annually for India to reach the 2030 renewables target of 450 GW.

The Bengaluru-based renewable energy producer has signed an Expression of Interest with the Government of Karnataka to invest around INR 120 billion ($1.54 billion) in developing 2 GW of solar and wind projects in the state.

Tata Power’s solar manufacturing and EPC unit has commissioned a 450 MW DC solar project in the Indian state of Rajasthan.