The solar plant, spread across 380 hectares in the Raghanesda Solar Park, is Engie’s second-largest PV project in India. It was completed within the schedule, despite the multiple challenges during the Covid pandemic.
Siemens has deployed its EnergyIP meter data management system for over 2,00,000 smart meters in North Delhi, enabling the timely and accurate collection of electricity meter data digitally. The advanced metering infrastructure will pave the way for the deployment of Smart Grids across the country.
With the latest award, Hyderabad-based Olectra Greentech’s electric bus fleet size in Gujarat will grow to 250.
The hydropower producer will sell the solar electricity generated from the plant to Bihar Renewable Energy Development Agency (BREDA) under a 25-year power purchase agreement.
The Haryana-based developer has agreed to acquire 260 MW of operating solar projects in Telangana and a 99 MW hydropower project in Uttarakhand for around INR 28.5 billion (US$ 384 million).
The company’s revenue from EPC and operations and maintenance business stood at INR 1,195 crore, a 12% growth over the same period in the previous fiscal year. The gross margins remained suppressed owing to an increase in module and commodity prices.
The prime minister said green hydrogen would play a significant role in achieving India’s decarbonization goals. He also announced the nation’s ambitions to become a global hub for green hydrogen production and export.
India’s solar module makers have built a strong track record, and now the country is set to see vast battery facilities developed. A look into ambitious manufacturing projects and the wider enabled ecosystem.
Bids are invited to build the solar project in ‘design-build-demonstrate-transfer’ mode anywhere in Odisha. The electricity produced will be utilized for captive consumption of Mahanadi Coalfields Limited through long-term open access. Bidding closes on September 1.
The New Delhi-based independent power producer has issued its third green bond as it looks to raise US$414 million. The coupon rate is the lowest ever for any renewable energy company in India.
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