The 400 MW wind-solar plant, located in Gujarat, is purportedly India’s largest single hybrid project for offtake by the commercial and industrial (C&I) sector.
JSW Energy targets to become a 20 GW power generation company along with 40 GWh/5 GW of energy storage by 2030. It is also investing in solar manufacturing and green hydrogen production.
In a bid to avoid costly grid augmentation, Spanish electric vehicle (EV) charger supplier Wallbox has designed a multi-layered energy intelligence solution – proving that necessity is the mother of invention.
The Noida-based commercial and industrial solar developer will use the proceeds for working capital, ‘Resco mode’ project capex, and technology upgradation requirements.
Saatvik Green Energy will build the 12 MW rooftop solar project for a steel conglomerate in Orissa. It will use 545 Wp mono PERC panels for the plant spanning 25,522 sq.m.
India will install around 20-25 GW of new renewable energy capacity annually over the next two fiscals, driven by a healthy project pipeline and a strong bidding roadmap. The decline in solar module prices and one-year relaxation for the approved list of module manufacturers (ALMM) bode well for the capacity addition.
Timely scale-up in tendering activity and moderation in solar PV cell and module prices, if sustained, would support improvement in capacity addition in the renewable energy sector.
Japan’s latest procurement exercise was open to PV projects above 250 kW in size. The lowest price came in at JPY 9 ($0.065)/kWh, with 119.7 MW of allocated capacity.
To increase the share of renewable energy, India needs to introduce demand-side measures like time-of-use tariffs, develop a well-connected national grid, deploy various energy storage options for grid balancing services, and convert its fossil-fuel-powered fleet to operate flexibly.
The International Financial Services Centres Authority (IFSCA) and Climate Policy Initiative – India (CPI) have signed a Memorandum of Understanding to support the mobilization of sustainable finance in India.
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