The Indian renewable energy sector received an investment of US$6.6 billion between April and July 2021, beating the total for the previous financial year.
The grid-connected floating solar project shall come at Rengali reservoir in the Angul district of Odisha. Bidding closes on October 7.
Since 2014, Indian renewable energy developers have raised more than INR 78,200 crore through green bonds in global markets.
A new study provides a first-of-its-kind assessment of grid-scale energy storage deployment in India both in the near term and the long term. The researchers conducted scenarios-based capacity expansion modeling to assess when, where and how much energy storage can be cost-effectively deployed in India through 2050. In all scenarios, energy storage was found to play a significant role in India’s power system.
The solar plant, spread across 380 hectares in the Raghanesda Solar Park, is Engie’s second-largest PV project in India. It was completed within the schedule, despite the multiple challenges during the Covid pandemic.
Siemens has deployed its EnergyIP meter data management system for over 2,00,000 smart meters in North Delhi, enabling the timely and accurate collection of electricity meter data digitally. The advanced metering infrastructure will pave the way for the deployment of Smart Grids across the country.
With the latest award, Hyderabad-based Olectra Greentech’s electric bus fleet size in Gujarat will grow to 250.
The hydropower producer will sell the solar electricity generated from the plant to Bihar Renewable Energy Development Agency (BREDA) under a 25-year power purchase agreement.
The Haryana-based developer has agreed to acquire 260 MW of operating solar projects in Telangana and a 99 MW hydropower project in Uttarakhand for around INR 28.5 billion (US$ 384 million).
The company’s revenue from EPC and operations and maintenance business stood at INR 1,195 crore, a 12% growth over the same period in the previous fiscal year. The gross margins remained suppressed owing to an increase in module and commodity prices.
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