The case for using gas-based plants to serve peak power demand
Using some of India’s existing gas-based power capacity as peaking plants would be more economical than the other options in the short-term market for peak power supply. Gas-based power plants can provide ancillary services to maintain the grid’s power quality, reliability, and security as renewable energy capacity increases, says a new report by IEEFA.
Amp Energy to build 720 MW of renewable energy projects in Andhra Pradesh
Amp Energy has committed to building 720 MW of wind, solar, wind-solar hybrid, floating solar, and energy storage projects in Andhra Pradesh with an estimated investment of approx Rs 5,800 crore over the next 3-5 years.
BrightNight partners with ACEN to develop over 1.2 GW hybrid renewable energy projects in India
ACEN Corp., the renewable energy arm of Filipino conglomerate Ayala Corp., will deploy $250 million equity plus related performance guarantees to support US-based BrightNight’s existing hybrid renewable energy portfolio and future growth in India.
Tata Power Renewable Energy signs 510 MW wind solar PPA with Delhi Discom
Tata Power Renewable Energy has signed a 25-year power purchase agreement with Tata Power Delhi Distribution Ltd for a hybrid renewable capacity of 510 MW (170 MW solar and 340 MW wind).
Vena Energy achieves financial closure for 176 MW wind-solar project in Karnataka
The project comprising 48 MW of solar and 128 MW of wind capacity, is expected to start commercial operation by the end of December.
Adani Green commissions world’s largest wind-solar hybrid power plant
Adani Green Energy Ltd has commissioned a 700 MW wind-solar hybrid plant in Rajasthan. With this, its operating renewable portfolio has now reached 8,024 MW, the largest in India.
India Ratings maintains stable outlook for solar projects
The analysts said solar projects continue to have stable operations, adequate debt service coverage, and comfortable internal liquidity. The fall in module prices over the six months ended February 2023 is positive for under-construction projects.
Adani to develop 15 GW of renewable energy projects in Andhra Pradesh
Adani Group has committed to building 15 GW of renewable power projects in Andhra Pradesh, while Reliance announced its 10 GW solar plans for the state. Avaada, Greenko, Indosol, and ReNew have also pledged massive investments into the state’s renewables sector.
Amplus Solar to set up 200 MWp wind-solar hybrid project in Tamil Nadu
The plant marks Amplus Solar’s first wind and solar hybrid project. It will supply power to commercial and industrial consumers in Tamil Nadu under open access.
Tata Power Renewable completes $525 million equity fundraising from BlackRock, Mubadala
The investment will fund Tata Power Renewable’s aggressive growth plans as it targets over 20 GW of renewables assets and a market-leading position in the rooftop and electric vehicle charging space across India over the next five years.
