NHPC has awarded an engineering, procurement and construction contract to Adani Infra for 600 MW of solar. The capacity is part of 1 GW of grid-connected solar projects won by NHPC under the third tranche of the Central Public Sector Undertaking Program (Phase-II).
Tata Power Solar has completed a solar engineering, procurement and construction (EPC) contract for a 66 MW solar project in India within nine months, bringing its cumulative utility-scale PV portfolio to 9.7 GWp.
ReNew Power’s total income rose 27% year on year to INR 69,195 million ($912 million) in fiscal 2021-22, on 130 MW of solar capacity additions in the fourth quarter alone. Its overall renewables portfolio rose to 10.7 GW at the end of March, including 7.6 GW of commissioned capacity and 3.1 GW of committed projects.
State-run power generator NTPC has switched on 15 MW of capacity at the 56 MW Kawas solar project in Gujarat, following the commissioning of 20 MW in May.
France’s TotalEnergies has signed an agreement with Adani Enterprises to acquire 25% of its new energy arm, Adani New Industries Ltd. The joint venture platform, ANIL, will be integrated across the value chain to drive down green hydrogen production costs. It aims to develop a green hydrogen production capacity of 1 million tons per annum by 2030.
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).
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