Larsen & Toubro secures transmission line, substation orders
The Indian multinational EPC contractor has been awarded significant power transmission and distribution contracts in Ladakh and Ayodhya, in addition to overseas projects in Saudi Arabia, Africa and Thailand.
One Nation, One Grid, One Price
The Indian power sector is set for a revolution with the proposed market-based economic dispatch (MBED) mechanism. MBED aims to establish a uniform pricing framework that prioritizes the least cost and most efficient generators while backing down more expensive ones, thereby creating a national merit order.
Tata Power to set up EV charging stations at HPCL petrol pump stations
Tata Power owns an expansive network of over 500 public electric vehicle chargers in 100+ cities across India. Partnering with HPCL allows it to further expand its base in line with the Indian government’s National Electric Mobility Mission Plan to promote electric mobility.
India’s renewable energy subsidies fell nearly 45% since their FY 2017 peak
A new report finds that renewable energy subsidies in India fell by 45% from INR 15,470 crore (US$2074 million) in the fiscal year (FY) 2017 to INR 8,577 crore (US$1150 million) in FY 2020.
Electricity demand in India to grow at 6% in FY2022
Ratings agency ICRA maintains a negative outlook for thermal power generation despite a rise in electricity demand. The thermal plant load factor will remain subdued at 57%. The gap between the average cost of supply and the average tariff for discoms is estimated at 70-75 paise per unit for FY2022.
IndiGrid acquires 100 MW solar assets from Fotowatio Renewable
With this, India Grid Trust (IndiGrid) has become the first infrastructure investment trust in India to acquire renewable energy assets. The acquisition of 100 MW solar assets from the Spanish developer was done at an enterprise value of INR 6.6 billion.
Earth sciences ministry revisiting weather forecast approach to suit solar sector needs
The Ministry of Earth Sciences will strengthen meteorological forecasting activities in sync with the demands of the solar and wind energy sector stakeholders. It is already working on a five-year (2021-26) plan, said M. Rajeevan, Secretary, MoES, at a virtual workshop conducted recently.
No excuses, India must ramp up solar manufacturing to reduce reliance on imports
Through various initiatives and schemes, the Indian government has created a conducive environment for industry stakeholders to expand domestic manufacturing. The industry should seize the opportunity to ramp up capacity and manufacture emerging technologies such as monocrystalline (mono-Si), bifacial and half-cut cells, micro-inverters, and tracking equipment, all of which promise further solar efficiency gains over the coming years.
Mahindra & Mahindra signs solar PPA with ReNew Sunlight
The company will purchase power from a 58 MW captive solar plant to be developed by ReNew Sunlight, a step-down subsidiary of ReNew Power.
The prospects for solar in a 1.5C world
We will need 10.7 TW of clean energy generation capacity this decade to stay on track with the most ambitious of the climate change paths agreed in Paris, which would include plenty of solar investment and jobs, according to the International Renewable Energy Agency.
