SJVN gets approval for 6 GW of renewable energy JVs
SJVN Ltd will form joint ventures with Maharashtra State Power Generation Co. Ltd and Assam Power Development Co. Ltd to develop 5 GW and 1 GW of renewable energy projects, respectively.
SECI launches 1.5 GW solar tender
Solar Energy Corp. Of India (SECI) has invited bids to develop 1.5 GW of solar PV power projects on a build-own-operate basis. The projects can be located anywhere in India and must connect to the interstate transmission system. Bidding closes on Jan. 31.
Worldwide PV growth set to slow in 2024
The number of PV installations around the world grew by an annual average of 28% between 2019 and 2023, including a 56% jump from 2022 to 2023, according to Wood Mackenzie. Growth is not expected from 2024 to 2028, however.
Adani Energy Solutions to build 7 GW renewable energy evacuation transmission network
Spanning over 300 km, the INR 3,000-crore transmission project will evacuate 7 GW of energy from Gujarat’s Khavda RE park into the national grid
Major trends in the Indian solar PV sector
The Indian solar PV sector is experiencing transformative trends, driven by a combination of technological advancements, government support, and a growing awareness of the need for sustainable energy sources. The rapid expansion of solar capacity, coupled with innovations such as floating solar farms and green hydrogen production, paints a promising picture for the future of renewable energy in India.
Hinduja Renewables wins 140 MW solar power project in GUVNL tender
Hinduja Renewables will develop 140 MW of solar power projects to supply power under a 25-year power purchase agreement with GUVNL. The project can be located anywhere in India.
Adani Green completes 1,050 MW renewables transfer to TotalEnergies JV
Adani Green Energy Ltd has sold half the stake in its 1,050 MW of renewable energy projects to TotalEnergies, raising $300 million to support the development of these assets. The projects are now owned by a joint venture between the two companies.
Promoters to invest $1,125 million equity in Adani Green
Adani Green Energy Ltd stated the funds will be utilized for deleveraging and accelerated capital expenditure to achieve 45 GW of renewable energy capacity by 2030.
Hartek secures 400 kV substation order for SPRNG Energy’s 300 MW solar plant
The substation will support a 300 MW solar power plant at Ramsan Village in the Indian state of Gujarat.
A look back at solar in 2023
The Indian government has demonstrated a robust commitment to advancing solar energy by implementing various strategic initiatives.
