Ahmedabad-based Grew Energy will receive incentives of INR 566.71 crore for 2 GW of integrated wafer-cell-module manufacturing.
Avaada has won a 421 MW (DC) solar project at a tariff of INR 2.70 ($0.03)/kWh. The project, connected to the inter-state transmission system, will supply power to Damodar Valley Corp. (DVC).
A new report says the time is ripe for Bangladesh to increase renewable energy-based generation capacity to reduce costly fossil-fuel imports and drive down subsidy burdens on the power sector. It finds the nation would need to consistently invest $1.53 billion to $1.71 billion annually until 2041 to build a 40% renewable energy capacity of the electricity demand of 61,866 MW in 2041.
Vibrant Energy has secured over INR 2,200 crore ($268.55 million) from Power Finance Corp. (PFC) to build 300 MW (AC) of wind-solar projects in Madhya Pradesh and Karnataka.
Waaree Renewable Technologies has secured a 221.8 MW DC solar project from a steel manufacturing company. It will execute the project on a turnkey basis.
The structured bidding trajectory will provide sufficient time to renewable energy developers to plan their finances, develop business plans and manage the supply chain more efficiently, said power minister R.K. Singh.
Set to commence production shortly, the CO2-to-methanol plant is being established at NTPC’s existing thermal power station in Vindhyachal, Madhya Pradesh. It will convert 20 tonnes-per-day (tpd) of CO2 to 10 tpd methanol through a catalytic hydrogenation process, utilizing CO2 from thermal plant flue gas through a carbon capture unit and green hydrogen produced by electrolysis.
IndiGrid has installed and commissioned a pilot project of solar panel bank coupled with battery energy storage systems (BESS) at its Dhule Substation in Maharashtra.
The solar plant in Dhule would supply power to air separation units operated by INOX Air Products in Maharashtra.
The renewable energy developer has won incentives of INR 140 crore ($17 million) for 1 GW of integrated solar PV cell and module production capacity.
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