Adani Green Energy Ltd commissioned 3,131 MW of renewable energy capacity (2,693 MW solar and 438 MW wind) in the April-Dec. 2024 period, taking its cumulative operational capacity to 11.6 GW.
The project has co-located wind and solar components to supply round-the-clock renewable power to utility and corporate offtakers.
The 211.2 MW AC (295 MW DC) solar PV project in the Kurnool district, Andhra Pradesh, is part of ArcelorMittal Nippon Group’s ambitious 975 MW hybrid renewable energy project to decarbonize its Hazira plant operations.
Adani Renewable Energy, Adyant Enersol (Datta Infra), Ampin Energy, Green Prairie Energy (EverGreen Power) and JSP Green (Jindal Renewables) have emerged winners in NTPC’s auction for 1.2 GW of wind-solar hybrid capacity.
Acme Solar has secured INR 1,988 crore in term loan financing for the development and construction of a 300 MW solar-wind hybrid renewable energy project. It has also secured a 300 MW solar power project in a SECI auction (XVIII tranche).
Ashoka Buildcon, HPCL, NHPC, NTPC Green, SJVN, Sun Petrochemicals and Surya International are among companies that have signed memorandum of understanding with the state government for investment in renewable energy
Lending to renewable energy projects in India in 2023 increased 63% year-on-year to INR 30,255 crore ($3,663 million). Out of the total, 49% went to solar projects.
India is likely to follow in the footsteps of China and mandate the inclusion of battery storage capacity for future wind and solar energy projects.
Indian Metals & Ferro Alloys Ltd has formed a joint venture with JSW Green Energy to set up a hybrid wind-solar power plant for self-consumption.
With the latest win, Acme Solar’s overall renewables portfolio has increased to around 7 GW.
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