Adani Green Energy Ltd posts INR 950 crore profit for 9M FY2024
Adani Green Energy Ltd has reported a consolidated net profit of INR 950 crore (around $114.28 million) for the first nine months of FY 2024, which is 104% up year-on-year. Revenue from operations was up 57% YoY to INR 5,794 crore.
SECI launches 1.5 GW solar tender
Solar Energy Corp of India (SECI) has invited bids to set up 1.5 GW of solar PV power projects on a build-own-operate basis. The projects can be located anywhere in India and must connect to the interstate transmission system. Bidding closes on Feb. 23.
Reliance, Jindal, Adani among winners of production-linked incentives for electrolyzer manufacturing
Eight companies emerged as winners in Solar Energy Corp. of India’s 1.5 GW electrolyzer manufacturing tender under the production-linked incentives scheme.
SECI allocates 900 MW wind-solar hybrid power projects at average price of $0.038/kWh
NTPC Renewable Energy, Green Infra Wind Energy, and Juniper Green Energy have emerged winners in SECI’s 2 GW wind-solar hybrid tender. The three developers have been allocated a cumulative 900 MW capacity at an average price of INR 3.19 ($0.038)/kWh.
Prime Minister Narendra Modi launches on-grid solar project with battery storage in Lakshadweep
SunSource Energy provided engineering, procurement, and construction (EPC) services for the 1.7 MW solar project with 1.4 MWh battery storage.
SECI launches 1.5 GW solar tender
Solar Energy Corp. Of India (SECI) has invited bids to develop 1.5 GW of solar PV power projects on a build-own-operate basis. The projects can be located anywhere in India and must connect to the interstate transmission system. Bidding closes on Jan. 31.
Adani Green concludes PPA tie-up for entire 8 GW of solar capacity won under SECI’s manufacturing-linked tender
With the signing of the balance 1,799 MW PPA recently, Adani Green Energy Ltd has completed the power offtake tie-up for the entire 8 GW of PV projects secured under Solar Energy Corp of India’s manufacturing-linked tender.
SECI wraps up 1 GW solar tender with $0.030/kWh tariff
Avaada, ReNew, Sprng Energy, and Solarcraft (Blupine) have emerged winners in Solar Energy Corp. of India’s 1 GW solar PV auction.
21 companies bid for electrolyzer incentives in India
The government’s production-linked incentive (PLI) scheme for electrolyzer manufacturing has received an overwhelming response with bids received for 2.28 times the capacity to be awarded.
Cost of battery-based energy storage, INR 10.18/kWh, expected to reduce with VGF and PLI Schemes
Currently, the cost of battery-based energy storage in India is INR 10.18/kWh, as discovered in a SECI auction for 500 MW/1000 MWh BESS. The government has launched viability gap funding and Production-Linked Incentive (PLI) schemes to make battery storage affordable.
