Wind-Solar Hybrid

Solar Energy Corp. of India (SECI) is inviting bids from developers to supply 1.5 GW of firm, dispatchable power from renewable energy projects with storage systems. The successful bidders will set up RE projects with storage on a build-own-operate basis to supply RE power in a demand-following manner.  Bids can be submitted till Jan. 9, 2024.

Tata Power Renewable Energy Ltd will develop a hybrid power plant comprising solar, wind, and battery storage components to ensure 200 MW of firm and dispatchable renewable power supply. The project has been awarded by SJVN.

Indian Renewable Energy Development Agency Ltd is looking to raise up to INR 2,150.21 crore from its initial public offering (IPO) of 671,941,177 equity shares.

Strong operating cash flows will support credit profiles of private coal-based plants.

Asia’s wind and solar capacity has expanded exponentially at 35% per year since 2015, outpacing RE growth rate in other continents like Europe and North America.

Adani Electricity Mumbai Ltd met the electricity needs of its customers in Mumbai entirely from renewable sources, including solar and wind, for an uninterrupted four hours on Diwali.

Seven developers secured a cumulative 1.184 GW in SJVN auction for the supply of 1.5 GW of firm and dispatchable power. The winning developers will build renewable power projects supplemented with energy storage system to ensure the power supply.

The state-run power producer has also tendered the EPC package for 630 MW of solar power projects.

Indian developer Ayana Renewable Power has been recognized with ‘A-‘ rating for its performance on the Environmental, Social, and Governance (ESG) metrics, becoming the top ESG scorer among all renewable energy firms in Asia.

Indian developer Adani Green Energy Ltd reported a 53.7% year-over-year increase in consolidated total income to INR 2,589 crore ($311 million) in the second quarter (July-Sept) of FY 2024. Net profit (profit after tax) soared 150% YoY to INR 371 crore.