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.
NTPC, ONGC to collaborate for renewable energy projects
NTPC Green Energy Ltd and Oil and Natural Gas Corp. Ltd (ONGC) have signed an agreement to collaborate in various areas of renewable energy (including energy storage, green hydrogen and its derivatives) in India and overseas.
India needs $15 trillion to achieve net zero by 2070, says FICCI-Deloitte report
To decarbonize the grid, India needs to add 40-50 GW of grid-scale renewable energy (solar and wind) capacity every year for the next few decades and phase out coal.
Serentica secures INR 3,000 crore from REC
The debt funding from REC will support Serentica in developing its 560 MW of wind and solar capacities in the state of Karnataka.
TotalEnergies to invest $300 million in new joint venture with Adani Green Energy
Adani Green Energy Ltd and French company TotalEnergies have agreed to create a new 50:50 joint venture (JV) with a 1,050 MW portfolio of solar and wind assets. TotalEnergies will make an equity investment of $300 million in the JV.
Fossil share in Rajasthan’s power mix drops to 50% as solar and wind surge
In Rajasthan, power generation from renewable energy sources (solar, wind, nuclear, hydro, and bioenergy) is now on par with fossil fuel-based generation.
REC approves over $1.1 billion in debt funding for solar-wind, pumped storage projects
The state-owned power finance company has approved a debt funding of INR 6,075 crore (around $731 million) to Greenko’s 1.44 GW pumped storage project and over INR 3,081 crore ($371 million) to Serentica Renewables’ 560 MW solar-wind hybrid project.
