Utility Scale PV

NTPC Renewable Energy Ltd (NTPC REL) is accepting bids to install and commission 500 MW of grid-connected solar PV projects anywhere in India.

The integrated power company reported a profit after tax or net profit of INR 1,052 crore ($127.6 million) in the quarter ended December 2022, a 91% increase year-on-year.

An international research group claims that raw materials and land availability do not present a real barrier for a global energy system with solar at its center. They said that forecasts for PV growth should not have their axis on utility-scale power plants and instead consider vertical PV, agrivoltaics, and floating PV as the source of future big market volumes.

The budget signifies the government’s intent to drive domestic manufacturing of lithium battery cells as it waives customs duty on the import of machinery required for manufacturing these cells. It also continues with nil customs duty on critical inputs for solar manufacturing. The budget also aims to support large-scale battery storage projects through viability gap funding.

The Mumbai-headquartered natural resources company will invest INR 444 crore ($54.23 million) in 691 MW of renewable energy projects to power its aluminum, copper and oil & gas operations across India. It will implement these captive projects through special-purpose vehicles formed with Serentica Renewables.

Rays Power Infra has signed an agreement with the Rajasthan government to build a 1.8 GW solar park in the state with an estimated investment of INR 9,140 crore.

State-run hydropower producer THDC has formed a 74:26 joint venture with Rajasthan Renewable Energy Corp. Ltd to develop 10 GW of renewable energy projects in Rajasthan. The JV partners also plan floating solar and pumped hydro storage projects in the state.

While the current policy regime supports the adoption of flexible resources like batteries, grid flexibility and resilience require more focus and a range of calibrated efforts, including due acknowledgment as a sector priority and robust planning at the central and state level. The upcoming union budget provides an opportunity for the government to develop flexible and resilient grids.

French specialist Sun’Agri unveiled the agronomic results on a crop of eggplant grown in a greenhouse commissioned in the Lot-et-Garonne in September, 2020.

NTPC Renewable Energy Ltd has tendered the balance-of-system (BoS) package with land for 1 GW of solar projects with green shoe option for additional 500 MW. Bidding is open until January 21.