Wind-Solar Hybrid

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.

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 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.

ACEN Corp., the renewable energy arm of Filipino conglomerate Ayala Corp., will deploy $250 million equity plus related performance guarantees to support US-based BrightNight’s existing hybrid renewable energy portfolio and future growth in India.     

Tata Power Renewable Energy has signed a 25-year power purchase agreement with Tata Power Delhi Distribution Ltd for a hybrid renewable capacity of 510 MW (170 MW solar and 340 MW wind).

The project comprising 48 MW of solar and 128 MW of wind capacity, is expected to start commercial operation by the end of December.

Adani Green Energy Ltd has commissioned a 700 MW wind-solar hybrid plant in Rajasthan. With this, its operating renewable portfolio has now reached 8,024 MW, the largest in India.

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.

Adani Group has committed to building 15 GW of renewable power projects in Andhra Pradesh, while Reliance announced its 10 GW solar plans for the state. Avaada, Greenko, Indosol, and ReNew have also pledged massive investments into the state’s renewables sector.

The plant marks Amplus Solar’s first wind and solar hybrid project. It will supply power to commercial and industrial consumers in Tamil Nadu under open access.