Adani Green Energy posts INR 371 crore profit in second quarter
Indian developer Adani Green Energy Ltd reported a 53.7% year-over-year increase in consolidated total income to INR 2,589 crore ($311 million) in the second quarter (July-Sept) of FY 2024. Net profit (profit after tax) soared 150% YoY to INR 371 crore.
SECI launches 2 GW wind-solar hybrid tender
Solar Energy Corp. of India Ltd (SECI) is accepting bids to set up 2 GW of interstate transmission grid-connected wind-solar hybrid power projects anywhere in India. The successful bidders will develop the projects on a build-own-operate (BOO) basis. Bidding closes on Dec. 4.
Tata Power to build 966 MW solar-wind hybrid plant for Tata Steel
Tata Power Renewable Energy Ltd will develop a 966 MW solar-wind hybrid plant for round-the-clock renewable power supply to Tata Steel’s operations in Jamshedpur, Kalinganagar, and Ludhiana.
Cabinet approves over $2.49 billion for inter-state transmission line backing 13 GW of renewable energy project in Ladakh
The transmission line for evacuating power from a 13 GW renewable energy project in Ladakh will pass through Himachal Pradesh and Punjab up to Kaithal in Haryana, where it will be integrated with the national grid.
Australian company launches 3 GW wind, solar tender
Australia’s CleanCo has launched an expression of interest process to add 3 GW of wind and solar generation to its portfolio.
Uttar Pradesh selects TNC’s solar siting tool
Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA) and The Nature Conservancy (TNC) India will collaborate to identify land parcels for large-scale renewable energy projects in the state. They will also collaborate on policy and research related to the low-impact siting of utility-scale solar and wind projects.
NHPC tenders 1.5 GW of renewables storage
NHPC has launched a tender to select developers for 1.5 GW of firm, dispatchable power from renewable energy projects with storage systems. Online bids can be submitted till Nov. 13.
Harnessing the elements for renewable energy
Regions across India are carving their green legacy with distinct contributions to the solar and wind energy landscape.
India needs 36% YoY increase in annual solar capacity additions to reach FY 2027 target of 186 GW
India needs to ramp up its annual solar capacity additions by 36% year-on-year to reach an installed PV base of 185.6 GW by FY 2027, targeted under 14th National Electricity Plan. The nation installed 66.7 GW of PV capacity as of March 31, 2023, with 12.9 GW added in FY 2023.
Brookfield, Axis form second JV to develop renewable energy projects
Brookfield and Axis Energy Ventures had earlier formed a joint venture platform ABC Renewables to develop renewable energy projects. The latest JV will have up to $845 million of equity investment by Brookfield.
