Power ministry allows bundling of renewable to replace thermal power under existing PPAs
The gains from the bundling of cheaper renewable energy with high-cost thermal will be shared between the generator and distribution companies on a 50:50 basis.
Prime minister Narendra Modi to lay foundation stone of 600 MW solar park in Jhansi
State-owned hydropower producer THDC and the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) will develop the solar park in the Jhansi district of Uttar Pradesh through a joint venture with an equity participation ratio of 74:26.
Chile wants to export solar energy to Asia via 15,000km submarine cable
The Antípodas project was announced by the Chilean government last week. It is aimed at taking advantage of the huge solar potential of the Atacama Desert, which is the world’s region with the highest solar radiation.
Virescent Renewable Energy Trust raises INR 2,150 crore of debt finance
Virescent Infrastructure shall use the proceeds primarily to refinance special-purpose vehicle (SPV) level debt and fund future acquisitions.
SJVN, Solarworld sign pact for 75 MW solar EPC in Uttar Pradesh
The PV project, located in Parasan Solar Park of the Jalaun District, benefits from a 25-year power purchase agreement with the Uttar Pradesh New and Renewable Energy Development Agency at a tariff of INR 2.68/kWh.
Hydropower producer SJVN to form solar and storage arm
The company’s board of directors have approved the formation of a wholly-owned subsidiary for solar PV, wind and hybrid power generation (including battery energy storage systems), green hydrogen, and other renewable energy ventures.
“450 GW by 2030 renewable energy target ambitious but achievable”
At the Renewable Leadership Summit 2021 held recently in New Delhi, Dinesh Jagdale, joint secretary, Ministry of New and Renewable Energy, also asserted the ministry is working on addressing stakeholders’ concerns to ensure the investments keep flowing into RE capacity expansion and equipment manufacturing. The Summit, organized by Solar Association, also saw Solis launch its new-generation PV plant monitoring platform and off-grid hybrid inverters.
Adani Green targets 45 GW renewable energy generation capacity by 2030
The renewable energy developer had an operational capacity of 5,410 MW (4,763 MW solar and 647 MW wind) as of September 30.
ICRA-monitored solar PLFs remained stable in FY2021
The median plant load factors in the key solar power generating states remained largely stable varying between 17% and 20% across states, depending on the plant location and DC-AC ratio.
USA becomes 101st member of the International Solar Alliance
The International Solar Alliance is an international intergovernmental treaty-based organization headquartered in India that aims to reduce the cost of solar technology and mobilize finance to accelerate solar adoption in its member countries.
