Wind-Solar Hybrid

Adani Green has commissioned the world’s largest co-located wind-solar hybrid power plant. The plant comprises 600 MW solar and 150 MW wind power capacity in Rajasthan. It benefits from 25-year power purchase agreements with the Solar Energy Corp. of India at INR 2.69 ($0.033)/kWh.

Mahindra Group has agreed to sell a 30% equity stake in Mahindra Susten to the Ontario Teachers’ Pension Plan for around $300 million. The two parties have also agreed to set up an infrastructure investment trust so Mahindra Susten can strengthen its solar, hybrid energy, and integrated storage businesses, as well as its round-the-clock green energy plants.

In May 2018, India’s Ministry of New and Renewable Energy adopted the National Wind-Solar Hybrid Policy. Though paltry when it comes to offering incentives or preferential treatment to solar-wind-hybrid (SWH) projects, the policy aims to enable more SWH projects to efficiently utilize transmission infrastructure and land, as well as reducing variability in renewable generation and thus improving grid stability.

UPL, a Mumbai-based sustainable agricultural solutions provider, will commission a 61.05 MW captive wind-solar project in a joint venture with developer CleanMax. The project will be located in Gujarat.

Prospective developers in Solar Energy Corp. of India’s latest tender will set up renewable energy projects to supply round-the-clock power. The projects can be located anywhere in India. Bidding closes on Oct. 10.

Gujarat-based KPI Green Energy is developing a 16.10 MW wind-solar hybrid power plant in Gujarat. It expects the project to go online in March 2023.

Tata Power Delhi Distribution has launched a tender to develop 510 MW of grid-connected wind-solar hybrid projects, including 255 MW under a greenshoe option, on a build-own-operate basis. It will procure the generated power under a 25-year power purchase agreement.

ReNew Power, a Nasdaq-listed Indian developer, has secured $1 billion in external commercial borrowings for a 1.3 GW wind-solar energy project, backed by up to 100 MWh of battery storage. The project is co-owned by Japanese investor Mitsui and will supply round-the-clock power under a 25-year power purchase agreement.  

JSW Energy, a private-sector power producer, has revealed that its green energy arm has signed an agreement to acquire 1.33 GW of wind and 422 MW of solar assets from Mytrah Energy. The assets are spread across nine states in India.

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