A new report says India has an estimated 29% of the installed fossil fuel capacity in excess of what is required to meet its 2021 peak electricity demand. This 67.6 GW overcapacity, all coming from coal-fired plants, is costing around US$ 2.1 billion (INR 15,780 crore) annually in fixed operating and maintenance costs. 

Reliance New Energy Solar has signed an agreement with Danish firm Stiesdal A/S to develop and manufacture Stiesdal HydroGen electrolyzers for green hydrogen production in India.  

The Reliance Industries Ltd arm, which plans solar gigafabs in Gujarat, has raised a stake in German wafer manufacturer NexWafe with an investment of EUR 25 million ($29 million). 

The Delhi-based distributed solar company secured the projects under Uttar Pradesh Power Transmission Corporation Limited’s Open Access solar scheme in the State.

The decentralized solar solutions provider shall use the amount to scale up its pay-per-use, solar-powered irrigation, milling, and cooling projects for farmers and to expand its operations. 

The company’s arm Tata Power Solar has landed the engineering, procurement, and construction work for a cumulative 100 MW of distributed solar capacity in Maharashtra. The awarded capacity includes multiple ground-mounted projects.  

Bids are invited to set up a cumulative 147 MW of grid-interactive decentralized solar capacity in Maharashtra. The solar power generating systems, in sizes ranging from 2 MW to 10 MW (AC), shall come up at lands within or around the various substations in the State.

Today, both Reliance and Fortescue are realizing the huge investment, employment, import replacement and export opportunities in zero emissions industries of the future, both for India and Australia. And they look to be leading the way, fully supported by global financial institutions increasingly seeking to deploy trillions of patient capital in low volatility, non-commodity price exposed zero-emissions energy sources of the future.

Magenta, in collaboration with State power discom BSES, will deploy innovative EV charging solutions in the discom’s service area in Delhi. It will undertake the installation, operations and maintenance of EV charging solutions under the ChargeGrid brand.

Jubilant Ingrevia, a Noida-headquartered integrated life science solutions provider, has signed the agreement to acquire a 26.6% equity stake in the 15.5 MW solar power plant for its captive consumption. The plant, located in Maharashtra, is being developed by Amp Energy through a step-down subsidiary.