Utility Scale PV

The state-run power generator has declared its 296 MW Fatehgarh solar project in Rajasthan is now fully operational, following the commissioning of its last-part capacity of 48.8 MW recently.

The hybrid renewable energy project will supply power to Tata Power’s Mumbai distribution company under a 25-year power purchase agreement.

As written in the Inflation Reduction Act of 2022, the tax credit will begin at 30% and step down to 26% in 2033 and 22% in 2034.

India installed 12.3 GW of solar in the twelve months ending March 31, 2022. The nation is expected to add a record 20 GW in the current fiscal.

The nation reached a cumulative 57.7 GW of solar power generation capacity by June 30, 2022. Rajasthan (14.4 GW), Gujarat (7.8 GW), and Karnataka (7.6 GW) top in PV installations.

NTPC, as a project management consultant to Unión Eléctrica de Cuba (UNE), has launched bids to develop 1.15 GW of grid-connected solar and 150 MW/150 MWh battery storage projects in Cuba. The prospective developer will execute the project on a ‘build-own-operate-transfer’ basis and transfer to UNE after 25 years.

A new report by The Energy and Resources Institute (TERI) examines the challenges before India in achieving its ambitious target of having 500 GW non-fossil fuel capacity and meeting 50% of its energy requirements from renewables by 2030. It also discusses feasible pathways for achieving these.

India’s largest crude oil and natural gas company has signed an agreement with renewables major Greenko to undertake renewable energy, green hydrogen, and green ammonia projects jointly. 

The state-run thermal energy giant has invited bids to install and commission 500 MW (AC) of grid-connected solar projects anywhere in India. Bidding closes on August 24.

The solar project, the largest in the state, will supply power to Assam Power Distribution Co. Ltd under a 25-year power purchase agreement.