The winning developers will set up renewable energy projects backed with energy storage system to supply firm and dispatchable renewable energy. The projects are to be developed on a build-own-operate basis.
The solar auctions concluded recently by NTPC and SECI have yielded an average final price of $0.031/kWh.
Axis Energy, Juniper Green Energy, ReNew and Acme have emerged winners in NTPC’s auction for 1.5 GW of interstate transmission grid connected wind-solar hybrid projects. The average price discovered is INR 3.30 ($0.040)/kWh.
The winning developers will set up renewable energy projects backed with energy storage system to supply firm and dispatchable RE power in a demand-following manner.
IndiGrid’s solar portfolio crosses 1 GWp capacity with the acquisition of a 300 MW solar plant in Rajasthan.
ReNew reported a total income of $870 million and net profit of $43 million in the first nine months of FY 2024.
ReNew E-Fuels is developing a green ammonia plant with a production capacity of 1.2 mmtpa (million metric tonnes per annum) in the Indian state of Odisha.
NTPC Green Energy, ReNew, Avaada, JSW Energy, Welspun Godavari GH2, INOX Air Products, and Larsen & Toubro Green Energy have committed huge investments in setting up green hydrogen production capacities in the Indian state of Maharashtra.
IndiGrid has executed the share purchase agreement to acquire ReNew Solar Urja Pvt Ltd from ReNew Solar Power, which operates a 300 MW (AC) solar project in Rajasthan. The acquisition is to be done a total enterprise value of INR 1,650 crore ($199 million) including net working capital and cash.
Solarpack (Anboto Solar), Apraava Energy, Avaada and ReNew have emerged winners in NTPC’s 1.5 GW solar PV auction.
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