RVNL, Jakson Green form JV for clean energy EPC projects globally
Rail Vikas Nigam Ltd and Jakson Green have partnered to build giga-scale clean energy projects in the Middle East and North Africa (MENA), the Commonwealth of Independent States (CIS), and Asia Pacific countries.
Solar and wind formed 92% of India’s electricity capacity addition in 2022
India added 13.9 GW of solar capacity and 1.8 GW of wind in 2022, which together accounted for 92% of the overall 17 GW of annual electricity generation deployment.
SJVN awarded 200 MW solar project in Maharashtra
SJVN Green Energy Ltd (SGEL) has received a Letter of Award from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) to develop a 200 MW solar project anywhere in Maharashtra. The project development cost is estimated at INR 1,000 crore.
Relaxation of ALMM order a near-term positive for solar power developers, says ICRA
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.
The case for using gas-based plants to serve peak power demand
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 to build 720 MW of renewable energy projects in Andhra Pradesh
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.
India can achieve energy independence by 2047 through clean technology: Study
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.
Solar arrays on sloping terrain with narrow land-width
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.
Ocior Energy to build green hydrogen, ammonia plants in Andhra Pradesh and Gujarat
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.
India Ratings maintains stable outlook for solar projects
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.
