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
With this, the developer has signed the power purchase agreement for 5,534 MW out of the total 8 GW capacity won in the manufacturing linked solar tender by the Solar Energy Corporation of India.
An analysis by the CEEW Centre for Energy Finance reveals that India’s renewable energy sector has made significant progress on the back of policies that have helped mitigate several risks for solar and wind project investors.
Tata Power Solar has secured the engineering, procurement, and construction contract for a 100 MW solar field with a 120 MWh battery. The project, awarded by the Solar Energy Corporation of India, will be in Chhattisgarh.
The private-sector power producer will group its renewable energy business under wholly-owned arm JSW Neo Energy as it targets growth in renewable energy generation, energy storage, and green hydrogen business.
A report has stated the renewable-plus-fossil fuel model is the best short term option to meet the assured supply conditions in the Solar Energy Corporation of India’s round-the-clock power tenders. Further out, as the cost of batteries decline, that technology is likely to become the most viable option for providing critical, non-intermittent power.
The generation capacity is part of an overall 4 GW secured by the developer in a manufacturing-linked PV tender held by the national solar body.
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