Installations

PTC India intends to sell the procured solar power to various utilities and commercial and industrial consumers. 

India reached a cumulative installed power generation capacity of 416 GW as of March 2023. Renewables formed 30% and hydro 11% of the capacity mix.

A new study by Central Electricity Authority assesses the least-cost, optimal generation capacity mix to meet India’s projected electricity demand for the year 2029-30.

The solar project will supply power to Rajasthan Urja Vikas Nigam Ltd at a tariff of INR 2.62 ($0.032)/kWh.

The developer has reached either financial closure or binding term sheets for about 1.1 GW of this upcoming 3 GW solar and wind energy capacity.

A new report estimates India will reach annual green hydrogen demand of 2.85 million metric tons (MMT) by 2030 under the current policy and project momentum. To meet this demand, it will need 62 GW of additional renewable energy capacity, 29 GW of electrolyzer capacity, and 11 MMT per annum of ammonia infrastructure, which together represent an investment opportunity of at least $57 billion.

NREL researchers model viable pathways to supplying the estimated 60 TW of capacity required for decarbonization, and study the effect that disruptive solar technologies may have on deployment cost and market opportunity.

Researchers have defined a new machine learning-based methodology that reportedly reduces customer acquisition costs by about 15% or $0.07/Watt. It is based on an adapted version of the XGBoost algorithm and considers factors such as summer bills, household income, and homeowner’s age, among others.

Tata Power recorded a revenue of INR 56,033 crore and a net profit of INR 3,810 crore in FY 2022-23. 

Mahindra Susten has won 200 MW capacity in Rajasthan Urja Vikas Nigam Ltd’s latest 1 GW solar auction.