Essar Renewables to develop 2 GW of renewable energy projects for its green mobility initiative in Maharashtra
Essar Renewables will invest around INR 8,000 crore in a mix of round-the-clock renewable energy projects, primarily aimed at supporting the electric vehicle truck charging ecosystem of Blue Energy Motors and Greenline.
Renewable energy plus storage auctions to gain traction
India Ratings expects renewable energy plus storage tenders to gain further traction in the coming years, considering the storage requirement of around 74 GW/411 GWh as per National Electricity Plan (2023-2032).
Adani Green Energy achieves operational RE capacity of 11.6 GW
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.
BrightNight switches on first phase of 115 MW hybrid wind-solar power project
The project has co-located wind and solar components to supply round-the-clock renewable power to utility and corporate offtakers.
Oriano switches on 211.2 MW solar of ArcelorMittal’s 975 MW hybrid RE project
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.
NTPC allocates 1.2 GW wind-solar hybrid capacity at $0.040/kWh
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 secures financing for 300 MW solar-wind hybrid project, wins 300 MW PV project
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).
Bihar receives INR 90,734 crore investment proposals in renewable energy
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
Renewable energy lending up by 60% last year
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 to mandate energy storage for solar, wind 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.
