The integrated power utility, which targets 5 GW of renewables capacity in the next five years, has been allotted 6,000 hectares of land to develop green hydrogen and renewable energy projects in Gujarat.
The state-owned hydropower producer has signed a memorandum of understanding (MoU) with the Maharashtra State Power Generation Co. (MAHAGENCO) to develop 5 GW of renewable energy projects across hydro, pumped storage, wind, solar, hybrid, and green hydrogen technologies in Maharashtra.
Tata Power Renewable Energy Ltd has received the letter of award to build a 966 MW hybrid RE project (comprising 379 MW solar and 587 MW wind) for captive consumption by Tata Steel.
Serentica Renewables has placed orders with renewable energy solutions providers like Amara Raja Power Systems, Envision, EverRenew, Jinko Solar, Rays Power, Sterling & Wilson, Siemens Gamesa, and Trina Solar.
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.
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