India

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.

Reliance Industries Ltd will invest in building 10 GW of solar energy generation capacity in the state of Andhra Pradesh. It has also applied for 6 GW of poly-to-module capacity under the second round of the production-linked incentive (PLI) scheme for solar manufacturing which received bids from eleven companies in total. 

The Hyderabad-based developer will use the amount towards the capital expenditure of more than 25 GWh of pumped storage projects.

The plant marks Amplus Solar’s first wind and solar hybrid project. It will supply power to commercial and industrial consumers in Tamil Nadu under open access.

Triveni Glass is the latest to venture into solar glass production after Asahi India Glass, Gold Plus Glass Industry, and Chiripal Group. It plans an 840tpd factory with an estimated investment of INR 1,000 crore.

The installed renewable electricity generation capacity in Madhya Pradesh surged to 5,875 MW as of Dec. 31, 2022, from 491 MW ten years ago.