Asia

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.

Pune-based Thermax has partnered with Australia’s Fortescue Future Industries to explore opportunities for the joint development of fully integrated green hydrogen projects for commercial and industrial customers in India. They also contemplate collaborating on electrolyzer and subsystem manufacturing facilities to support green energy projects in India.

March 14 is the deadline to lodge an interest in installing and commissioning grid-connected rooftop solar plants in various sizes for residential consumers in the State.

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.

Jindal Stainless will install 21 MWp and 6 MWp rooftop solar plants at its stainless-steel manufacturing complexes in Odisha and Haryana, respectively.

The Lakadia-Vadodara transmission project will deliver more than 5 GW of power from the wind and solar energy zones of Bhuj and Kutch in Gujarat to the rest of India.