India

Only the solar products and manufacturers making to the Approved List of Models and Manufacturers (ALMM) will now be eligible for open access and net-metering projects—in addition to government-backed projects—installed in the country. These include projects set up for sale of electricity to the Government under Section 63 of Electricity Act, 2003. The amendment shall apply to renewable energy projects which apply for open access or net-metering facility from April 1, 2022.

The Mukesh Ambani-led diversified business conglomerate has agreed to invest INR 5 lakh crore (US$67.6 billion) in building 100 GW of renewable energy capacity and green hydrogen eco-system in the State. It will also invest INR 60,000 crore (US$8.1 billion) in setting up manufacturing facilities for new and renewable energy equipment including solar modules, electrolyzers, energy-storage batteries, and fuel cells.

The nation reached a cumulative 151GW of renewable energy generation capacity – including large hydro – by December 31, although a large volume of off-grid equipment is not included in that figure.

The Indian state-owned electric transmission utility company has signed an agreement with infrastructure investor
Africa50 to develop 400kV and 220kV transmission lines in east African country Kenya under a public-private partnership framework.

The state-of-art 300 MW gas insulated substation facility, scalable to 700 MW, is the first-of-its-kind deployment of power infrastructure by any datacenter company in the Asia Pacific region.

The State-controlled renewable energy and energy efficiency lender has launched a scheme to finance new and emerging technologies that promote and increase the usage of renewable energy in the transport sector. 

Wood Mackenzie has predicted solar equipment cost increases will ease back after last year saw the average cost of solar electricity rise for the first time in the Asia-Pacific region.

Solar manufacturer Waaree Energies had filed its draft red herring prospectus (DRHP) with Sebi in September last year. Jharkhand has started getting 200 MW of solar power from Gujarat at a price of INR 2.5/kWh under a 25-year PPA with SECI.

The private-sector power producer has appointed Shersingh B. Khyalia as chief executive officer with effect from January 11, 2022.

The State-owned hydropower producer has been awarded 75 MW of grid-connected solar projects in the Jalaun district and 50 MW in the Kanpur Dehat district. Power generated from these projects shall be procured by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for 25 years.