Waaree Energies announces plans for 5 GW solar cell, module facility in USA
Waaree Energies will build a solar module manufacturing facility with an initial capacity of 3 GW per year by Dec. 2024. It plans to ramp up the fab’s module capacity to 5 GW with an integrated 5 GW cell facility by 2027. The company has already secured an offtake contract with SB Energy.
Indian renewable energy sector recorded $14.5 billion investment in FY2021-22
The investment needs to more than double to $30-$40 billion annually for India to reach the 2030 renewables target of 450 GW.
Renewable energy project acquisitions jumped by more than 300% in value terms in 2021
The growth in acquisitions was supported by conducive global financial conditions and accommodative monetary policy maintained by the Reserve Bank of India.
Adani Green Energy’s operational capacity grew by 93% YoY to 5,410 MW
The renewable energy developer’s operational capacity increased to 5,410 MW (4,763 MW solar and 647 MW wind) as of September 30, 2021, a 93% growth from 2,800 MW in September last year. Much of this capacity addition during the year was through the acquisition of operational solar assets.
Adani now the world’s largest solar power developer
India’s largest private-sector thermal power producer—which ranked as the sixth-largest solar player globally in 2019—has climbed to the top spot following a Solar Energy Corporation of India (Seci) award to develop 8 GW of Indian solar project capacity.
Government in the process of finalizing new energy policy: NITI Aayog Additional Secretary
Apart from thrust on energy efficiency and clean energy, the new policy will focus on Make in India for cells used in electric vehicle batteries and measures for demand creation and incentivizing investments.
Andhra Pradesh regulator approves solar power tariffs
The latest blow in the political battle between clean energy project developers and an anti-renewables state government has seen the electricity regulator order power distribution companies to honor PPAs signed after a public tender.
Gujarat re-tenders 700 MW of solar but response is lukewarm
Reduction in solar park charges was not enough to attract developers in the same numbers that flocked to a separate 500 MW exercise two months earlier. The Raghanesda Solar Park continues to be a headache after a previous attempt was cancelled because the tariffs were deemed too costly.
1.2 GW solar auction sees slight rise in tariffs
As against the all-time low of Rs 2.44 per unit recorded in July last year, the latest SECI auction saw the lowest winning tariff of Rs 2.55 per unit offered by ReNew Power. Other winners included Azure Power, Eden Renewable and SoftBank-backed SB Energy.
Gujarat cancels 700 MW auction due to ‘high tariff’
Prices ranging from Rs2.84-2.89 have been deemed too costly by the state as the foreign developers who posted the lowest bids blamed high charges at the Raghanesda Solar Park where the projects had to be based.
