Utility Scale PV

The Ministry of New & Renewable Energy has exempted solar projects to be commissioned till March 31, 2024, from the requirement to source modules from the Approved Models and Manufacturers (ALMM) list. The move provides developers with the flexibility to source modules at the most cost-competitive rates.

Using some of India’s existing gas-based power capacity as peaking plants would be more economical than the other options in the short-term market for peak power supply. Gas-based power plants can provide ancillary services to maintain the grid’s power quality, reliability, and security as renewable energy capacity increases, says a new report by IEEFA.

Amp Energy has committed to building 720 MW of wind, solar, wind-solar hybrid, floating solar, and energy storage projects in Andhra Pradesh with an estimated investment of approx Rs 5,800 crore over the next 3-5 years.

Berkeley Lab study shows how deep cost reductions in clean technology and India’s renewable and lithium edge can enable a pathway for cost-effective energy independence by 2047.  

SAEL Ltd., a solar and biomass RE developer in India, has commissioned a 28 MW DC (20 MW AC) solar power plant in Mizoram’s sloping, hilly terrain. Given the narrow strips of land separated by gorges and steep valleys, it laid out solar arrays as fingers joined by a perimeter road and 33kV transmission line for power evacuation. 

Ranjit Gupta-led Ocior Energy has committed a cumulative investment of INR 80,000 crore to build two green ammonia facilities of 1mtpa each in Andhra Pradesh and Gujarat. 

The analysts said solar projects continue to have stable operations, adequate debt service coverage, and comfortable internal liquidity. The fall in module prices over the six months ended February 2023 is positive for under-construction projects.

Adani Group has committed to building 15 GW of renewable power projects in Andhra Pradesh, while Reliance announced its 10 GW solar plans for the state. Avaada, Greenko, Indosol, and ReNew have also pledged massive investments into the state’s renewables sector.

Reliance Industries Ltd will invest in building 10 GW of solar energy generation capacity in the state of Andhra Pradesh. It has also applied for 6 GW of poly-to-module capacity under the second round of the production-linked incentive (PLI) scheme for solar manufacturing which received bids from eleven companies in total. 

The installed renewable electricity generation capacity in Madhya Pradesh surged to 5,875 MW as of Dec. 31, 2022, from 491 MW ten years ago.