The rise of green finance: Financing the future of renewable energy in India
India has witnessed a surge in solar and wind energy projects, backed by investments from both domestic and international sources. Green finance plays a pivotal role in funding these projects.
AmpIn Energy appoints Amit Kumar Mittal as COO-C&I Business
Amit Kumar Mittal has previously worked with Radiance Renewables, First Solar, Reliance Power, and Nuclear Power Corp.
SECI wraps up 1.2 GW hybrid wind-solar tender with INR 4.64-4.73/kWh tariff
Solar Energy Corp. of India has published the winners of 1.2 GW of hybrid wind-solar projects, paired with energy storage for assured peak power supply. The lowest tariff awarded was INR 4.64 ($0.057)/kWh.
Solar dominates renewable corporate PPAs in Asia Pacific, says WoodMac
Corporations in the Asia-Pacific region are set to contract a record 7 GW of renewable capacity in 2022, according to a new report by Wood Mackenzie. Solar accounts for 57% of the region’s contracted corporate renewable power purchase agreements (PPAs) to date. India, Australia and Taiwan account for 89% of overall capacity in the region.
Letters of Award given for Omkareshwar floating solar project
Rewa Ultra Mega Solar Limited (RUMSL) has issued letters of award to NHDC, AMP Energy, and SJVN to build 278 MW of the 600 MW Omkareshwar floating solar project. This first-phase capacity development is expected to complete by September next year.
Cipla expands captive renewables plants in Maharashtra, Karnataka
Pharmaceutical supplier Cipla says it has started operating an additional 16 MW of capacity at its 30 MW captive solar plant in Maharashtra. It has also switched on a hybrid captive plant in Karnataka, featuring 9 MW of solar and 2.7 MW of wind.
Amp Energy commissions 45 MW open-access solar project
Developer Amp Energy has completed a 45 MW corporate solar project within the scheduled timelines. The project will supply electricity to Cipla, Eternis Fine Chemicals, and Jubilant Ingrevia.
China power crisis hits Indian solar projects
After the ravages of Covid-19, electricity shortages in China have now raised costs for its solar manufacturers, with knock-on effects for developers in India too, again highlighting the dangers of relying on a single solar supply chain.
Renewables to meet 50% power requirement of Airtel-operated data centers
The digital communication solutions provider, which provides data center services through its arm Nxtra Data, has inched a step closer to meeting the year 2021-22 target by commissioning a 14 MWp captive solar plant in Uttar Pradesh. The plant will supply power to its core and edge data centers in the State.
Solar modules to face 40% customs duty, and cells 25%, from next year
India’s finance ministry has approved the proposal to levy the duty from April 2022. Customs notification of the move will be issued at a later date.
