Tata Power’s profit after tax grew by 50% year on year to INR 2,156 crore ($276 million) for the fiscal year ending March 31, 2022.
The state government has already allotted land for the massive solar project that will be set up with an investment of INR 5,000 crore ($639 million).
NTPC Renewable Energy Limited (NTPC REL) is seeking contractors to install and commission 200 MW of grid-connected solar capacity anywhere in Madhya Pradesh.
The US multinational will expand the solar and battery energy storage manufacturing capacity at its factory in Tamil Nadu to 9 GW per annum by the end of 2022. The factory manufactures FlexInverter power conversion solution and FlexReservoir utility-scale energy storage solution.
A Slovakian startup has developed a photovoltaic-integrated arm that provides off-grid power for weeding and other small agricultural applications. In its largest configuration, the system is 18 meters long, has a capacity of 2.4 kW, and is able to cover a cultivated area of 994 m².
The investment needs to more than double to $30-$40 billion annually for India to reach the 2030 renewables target of 450 GW.
The Bengaluru-based renewable energy producer has signed an Expression of Interest with the Government of Karnataka to invest around INR 120 billion ($1.54 billion) in developing 2 GW of solar and wind projects in the state.
Tata Power’s solar manufacturing and EPC unit has commissioned a 450 MW DC solar project in the Indian state of Rajasthan.
The project is located in the Jaisalmer district and benefits from a 25-year power purchase agreement with Solar Energy Corporation of India.
Indian energy developer ReNew has agreed to acquire more than 500 MW of operational wind and solar assets. It has also signed a 200 MW power purchase agreement with Maharashtra State Electricity Distribution Co. Ltd.
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