Under PM KUSUM Scheme, farmers can set up solar plants on their barren or uncultivable agriculture land and benefit from selling the electricity generated to the local Discom.
BloombergNEF says in a new report that corporations publicly announced 46 GW of solar and wind power purchase agreements (PPAs) in 2023, up 12% year on year. It says the increase was driven by a surge of activity in Europe.
The PM Surya Ghar Muft Bijli Yojana offers a subsidy of INR 30,000 ($361) per kW up to 2 kW for residential rooftop solar systems, and INR 18,000 per kW for additional capacity up to 3 kW. The total subsidy for systems larger than 3 kW is capped at INR 78,000.
Chief Minister of Odisha, Naveen Patnaik, laid the foundation stone for Acme Cleantech’s 1.1 mmtpa green ammonia plant and Avaada Green’s 0.5 mtpa green hydrogen/ammonia facility at Gopalpur Industrial Park.
The solar projects will supply power to customers across automotive, pharmaceutical, cement, industrial equipment, and chemical sectors.
AmpIn Energy and Amplus Energy will set up solar and wind power plants of 48 MW DC and 24.3 MW, respectively, for consumption by Nxtra’s data centres in Tamil Nadu, Uttar Pradesh, and Odisha.
Tata Power Renewable Energy will develop an 18.75 MW AC solar plant for consumption by Tata Communications.
Adani Green Energy Ltd has operationalized the first 551 MW solar capacity of the planned 30 GW renewable energy park at Khavda, Gujarat, by supplying power to the national grid.
Saudi Power Procurement Co. (SPPC) has announced the selected bidders for the the fifth round of the Saudi Arabian government’s renewable energy tender program.
Siemens Ltd has reported strong double-digit profitable revenue growth across businesses for the first quarter of financial year 2024 ended Dec. 31, 2023.
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