Tata Power’s Q2 profit soars 85%
The integrated power company has recorded a profit of INR 935 crore ($113.4 million) in the July-August-September period of the fiscal year 2022-23. This is 85% up from INR 506 crore in the same period a year earlier.
New solar capacity 10 times cheaper than gas, says Rystad
Operating gas-fired power plants would be 10 times more expensive in the long-term than building new solar capacity in Europe, according to research from intelligence company Rystad. Their study uses the levelized cost of energy (LCOE) for gas and coal-fired power generation at different price levels and compares it to the LCOE of solar PV and wind.
Annual added PV capacity will more than quadruple to 650 GW in 2030, says IEA
The International Energy Agency (IEA) has published its “World Energy Outlook 2022” report. It expects the energy crisis triggered by Russia’s invasion of Ukraine to accelerate the global energy transition.
GUVNL tenders 1 GW of solar projects
Gujarat Urja Vikas Nigam Ltd (GUVNL) has launched a tender to procure up to 500 MW of solar power from non-park-based PV projects to be set up anywhere in India with greenshoe option of additional up to 500 MW. Bidding closes on November 28.
Automating maintenance for solar power plants
Robotics is evolving to ease the maintenance of solar power plants. From drones combined with thermal imaging to the robotic cleaning crew for large-scale solar PV plants, automation and robotics are constantly evolving for the cleaning and maintenance of PV plants.
SJVN’s 75 MW Parasaran solar project to go online this month
The state-owned hydropower producer is developing the 75 MW solar power project in the Jalaun district of Uttar Pradesh.
NTPC tenders 21 MW of solar EPC in Madhya Pradesh
Domestic bids are open for the installation, commissioning, and three-year operation and maintenance support for two grid-connected solar projects of 10.5 MW each in the Neemuch district. Bidding closes on November 15.
Jakson Green to develop $2.8 billion green ammonia and green hydrogen project in Rajasthan
Jakson Green, a new energy platform backed by Jakson Group, will set up a 365,000 tons per annum green hydrogen and green ammonia plant in Rajasthan. It will develop the plant, along with an integrated hybrid renewable power complex, in phases with a cumulative investment of about INR 22,400 crore.
Reliance Industries to restructure group EPC resources
India’s Reliance Industries Ltd (RIL) is realigning its engineering, procurement, and construction (EPC) resources to create a focused EPC undertaking for implementing its large projects across New Energy, oil-to-chemicals, and 5G roll-out.
PCM-based thermal battery to store solar power via heat pump
Norway’s SINTEF has designed a heat storage system based on phase change materials (PCM) that can support PV generation and peak shaving. The battery’s container hosts 3 tons of liquid biowax based on vegetable oil and is now beating performance expectations at a pilot facility.
