Commissioning extension for solar projects only on case-by-case basis, says MNRE
Solar Energy Corp. of India, NTPC, and NHPC would examine developers’ requests for an extension to their solar and wind-solar projects on a case-by-case basis. The extension would be granted only if the developer has taken all possible measures to implement the project (such as land acquisition and order for module/balance-of-system supply) but couldn’t complete it for reasons beyond his control.
Adani Green Energy doubles profit in FY 2022-23
Adani Green Energy has reported a profit after tax of INR 973 crore in FY 2022-23, almost 100% up from INR 489 crore in FY 2021-22.
Potential locations for solar, wind hybrid projects in India
Indian scientists have created a hybrid power exploitability index to identify optimal locations for constructing new solar and wind hybrid power plants. They have evaluated retrofitting existing standalone plants and have discovered that all but one of the eight plants could be hybridized, with up to a 400% annual increase in power output.
Serentica Renewables secures additional $250 million from KKR
US investor KKR’s latest investment builds on its $400 million commitment to Serentica Renewables last year.
Germany’s first photovoltaic cycling path goes online
Badenova has installed 912 glass-glass PV modules along a cycling path in the city of Freiburg, Germany, as part of a new pilot project.
SECI wraps up 1.2 GW hybrid wind-solar tender with INR 4.64-4.73/kWh tariff
Solar Energy Corp. of India has published the winners of 1.2 GW of hybrid wind-solar projects, paired with energy storage for assured peak power supply. The lowest tariff awarded was INR 4.64 ($0.057)/kWh.
NTPC secures 500 MW round-the-clock renewable power supply project
NTPC Renewable Energy has secured a 500 MW round-the-clock renewable power supply project from REMCL, a joint venture of the Ministry of Railways and RITES Ltd
DLF raises 26.43% stake in solar plant for self-consumption
DLF Cyber City Developers has agreed to acquire a 26.43% stake in Suncloud Solar, a special purpose vehicle of Cleantech Solar India, for INR 8.41 crore. Suncloud Solar will set up a solar plant for captive consumption by DLF Cyber City Developers.
Amp Energy secures a second solar project from L&T Metro Rail (Hyderabad)
Amp Energy India’s total solar project capacity for L&T Metro Rail (Hyderabad) has reached 11.8 MWp with the award of a second project of 4 MW.
Strong policy focus needed to drive pumped storage development
Despite being a mature and largely indigenous technology, pumped storage hydropower’s operational capacity in India remains very low at 3.3 GW because of the high development costs and inherent challenges in constructing these schemes.
