The Gujarat-based developer has secured the letter of intent from Anupam Rasayan India to build a 40 MW wind-solar hybrid project for captive consumption.
While more financiers are committing to limiting capital for fossil fuel, their oil and gas sector borrowers in the Asia Pacific region still adopt a wait-and-see approach to new energy.
ICRA expects India to add 16 GW of solar power generation capacity, 2 GW of wind and another 2 GW from hybrid projects in FY2023-24.
Telangana-based WindStream Energy Technologies has installed more than a hundred hybrid renewable energy systems, SolarMills, in the remote mountainous regions crucial for defense operations.
Vedanta arm Sterlite Copper has partnered with Serentica Renewables to establish a hybrid renewable energy project for self-consumption. It will source 16 MW of hybrid renewable power from the plant under a 25-year power delivery agreement.
UK oil and gas giant BP is a step closer to establishing a large-scale integrated renewables and green hydrogen project in Western Australia after outlaying AUD 23 million ($15.3 million) for an almost 23,000-hectare property.
The state-owned power finance company aims to meet 20% of the INR 15 lakh crore ($181.25 billion) financing requirement for India’s targeted 500 GW of installed RE (non-fossil fuel) capacity.
Ayana Renewable Power will develop over 1 GW of renewable energy capacity comprising solar and wind, supplemented with a storage solution, to ensure round-the-clock power supply.
Vibrant Energy will set up a 100 MW DC interstate transmission system (ISTS) connected wind-solar hybrid project in Madhya Pradesh. The plant will supply round-the-clock power to Saint-Gobain’s facilities in India.
NLC India Ltd is looking to engage a qualified coordinating agency (QCA) for its 1.4 GW of solar and wind power plants at various places in Tamil Nadu. The QCA will maintain the transmission of plant-level data and other required data to the state load dispatch center (SLDC), besides providing other services.
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