Wind-Solar Hybrid

Indus Towers has signed a memorandum of understanding with NTPC Green Energy Ltd (NGEL) to explore joint development of grid-connected renewable energy based power projects including solar, wind, energy storage, etc.

Juniper Green Energy secured the 150 MW wind-solar hybrid capacity at a tariff of INR 3.43 per kWh. It will develop the project on a build-own-operate basis.

Avaada Energy won the 250 MW solar-wind hybrid power project by offering a competitive tariff of INR 3.47 per kWh.

ReNew surpassed a cumulative installed renewables capacity of 10 GW as on March 31, 2024.  Out of this, the company added 1.94 GW of RE assets (1,174 MW of solar and 768 MW of wind energy) in FY 2023-24.

Adani Green Energy Ltd (AGEL) has reached an operating renewable energy portfolio of 10,934 MW, consisting of 7,393 MW solar, 1,401 MW wind, and 2,140 MW wind-solar hybrid capacity.

SJVN has launched a tender to select developers for up to 1.2 GW of firm, dispatchable power from renewable energy projects backed with energy storage systems. The projects can be located anywhere in India. Bidding closes on May 28.

The United Arab Emirates (UAE) tops in green hydrogen competitiveness with the world’s lowest levelized cost of hydrogen (LCoH) of $2.7/kg in 2023 and a projected $1.7/kg in 2030. It is followed by Saudi Arabia and India, which could produce green hydrogen at $2.9-$3.2/kg in 2023 and $1.8/kg in 2030.

The winning developers will set up renewable energy projects backed with energy storage system to supply firm and dispatchable renewable energy. The projects are to be developed on a build-own-operate basis.

The prospective developers will set up wind-solar hybrid power projects, connected to the interstate transmission system, to supply the power generated to NTPC.

Axis Energy, Juniper Green Energy, ReNew and Acme have emerged winners in NTPC’s auction for 1.5 GW of interstate transmission grid connected wind-solar hybrid projects. The average price discovered is INR 3.30 ($0.040)/kWh.