Sterling and Wilson Renewable Energy Ltd has secured its third solar EPC contract from NTPC REL in Khavda RE Power Park of Gujarat. The contract price, including three-year operation and maintenance, would be INR 1,535 crore (around $185 million).
Brookfield and Axis Energy Ventures had earlier formed a joint venture platform ABC Renewables to develop renewable energy projects. The latest JV will have up to $845 million of equity investment by Brookfield.
The French government has awarded 129 projects an average price of €0.0824 ($0.0868)/kWh in its latest ground-mounted tender. This represents the largest capacity since the beginning of the tender series held by the French authorities.
NTPC Green Energy Ltd and Oil and Natural Gas Corp. Ltd (ONGC) have signed an agreement to collaborate in various areas of renewable energy (including energy storage, green hydrogen and its derivatives) in India and overseas.
Already 5.8 million tons of green hydrogen manufacturing capacity is in different stages of installation in India, said power minister R.K. Singh at a summit in New Delhi recently.
To decarbonize the grid, India needs to add 40-50 GW of grid-scale renewable energy (solar and wind) capacity every year for the next few decades and phase out coal.
Researchers at IIT Mandi evaluated seven NTPC solar PV plants across different climatic zones on economic, technical, environmental, and connectivity parameters. They used a fuzzy multi-criteria decision-making method to compare these solar PV plants and said the methodology would assist decision-makers in identifying suitable sites for solar power plants.
Tata Power Renewable Energy Ltd (TPREL) and Dugar Power have partnered to deploy a range of on- and off-grid solar energy solutions in Nepal.
The lower the uncertainty in solar resource data, the lower the investment costs. IEA PVPS Task 16 has organized and published two benchmarks to make uncertainty of models and data comparable – a first important step. The benchmarks included modeled solar resource data and methods to fill gaps in measurements.
Adani Green Energy Ltd and French company TotalEnergies have agreed to create a new 50:50 joint venture (JV) with a 1,050 MW portfolio of solar and wind assets. TotalEnergies will make an equity investment of $300 million in the JV.
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