State-owned power producers THDC India, NTPC, NHPC, and SJVN have committed investments to build 10 GW of renewable energy capacity each. Among private firms, Reliance plans 20 GW and Axis Energy Group 28 GW of solar projects and 4 GW solar module manufacturing facility.
The selected developer will be required to set up a 25 kW green hydrogen project at Sonam Norboo Memorial (SNM) Hospital in the Leh district, for the supply of electricity, heat, and oxygen to the hospital. Bidding closes on March 10.
Philippines-based AC Energy and Hong Kong-headquartered UPC Renewables’ solar energy arm are jointly building a 300 MWac (420 MWp) solar farm in Madhya Pradesh. The plant, when completed, will be the joint venture’s third and largest solar project in India to date.
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.
Ratings agency ICRA expects the solar boost based on the backlog of PV projects awarded by central and state electric utilities.
The PV plant, in the Bikaner district of the state, is the largest PV power project in India owned and operated at a single location by a developer.
The developer installed a record 1.5 GW of renewable energy capacity within the current fiscal year alone. This includes more than 1.3 GW of utility-scale solar projects and over 150 MW of wind.
The PV capacity is part of an overall 4 GW secured under the Solar Energy Corporation of India’s manufacturing linked auction.
The growth in acquisitions was supported by conducive global financial conditions and accommodative monetary policy maintained by the Reserve Bank of India.
Amid the troubles of the coal-dominated grid, variable renewable energy has a place in ensuring reliable supply
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