New pricing mechanism for pumped-hydro storage in India
A new report recommends a differential pricing mechanism for pumped-hydro energy storage (PHES) projects in pumping (off-peak operation) and generating mode (peak operation). The pricing mechanism for PHES should be based on specific use cases like peak load shaving and the smoothing of renewable energy generation.
Discom dues liquidation to help realize INR 9,000 crore receivables for renewables sector
The receivables period for leading renewable energy generators can reduce by 40-50 days from the current 180 days, by March 31, 2024.
India needs $223 billion to meet 2030 wind, solar goals
India requires $223 billion of investment over the next eight years to reach nearly 280 GW of solar and 140 GW of wind capacity by 2030.
Solar auctions in India to attract large developers
A new report shows that renewable energy companies will continue to compete in upcoming auctions in India, undeterred by challenges such as rising materials costs and surging interest rates.
Spanish court orders Iberdrola to dismantle 60% of 500 MW operational PV plant
A Spanish court has ruled that Spain’s largest operational PV project – the 500 MW Nuñez de Balboa solar plant – occupies a piece of land that was illegally expropriated. Project owner Iberdrola must now shut down a large portion of the installation.
Gujarat tenders 500 MW of renewables with storage
The selected developers shall set up grid-connected solar, wind or hybrid wind-solar projects on a ‘build-own-operate’ basis along with required energy storage systems for assured peak power supply. Bidding closes on July 30.
NHPC signs 600 MW solar EPC contract with Adani Infra
NHPC has awarded an engineering, procurement and construction contract to Adani Infra for 600 MW of solar. The capacity is part of 1 GW of grid-connected solar projects won by NHPC under the third tranche of the Central Public Sector Undertaking Program (Phase-II).
Tata Power commissions 66 MW of solar for Vibrant Energy
Tata Power Solar has completed a solar engineering, procurement and construction (EPC) contract for a 66 MW solar project in India within nine months, bringing its cumulative utility-scale PV portfolio to 9.7 GWp.
ReNew’s operational renewables portfolio hit 7.6 GW in FY2021-22
ReNew Power’s total income rose 27% year on year to INR 69,195 million ($912 million) in fiscal 2021-22, on 130 MW of solar capacity additions in the fourth quarter alone. Its overall renewables portfolio rose to 10.7 GW at the end of March, including 7.6 GW of commissioned capacity and 3.1 GW of committed projects.
NTPC now operating 35 MW portion of 56 MW Kawas solar project
State-run power generator NTPC has switched on 15 MW of capacity at the 56 MW Kawas solar project in Gujarat, following the commissioning of 20 MW in May.
