REC eyes up to INR 3 lakh crore lending for renewables by 2030
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 to supply 300 MW of round-the-clock renewable power to REMCL
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, Saint-Gobain sign PPA for 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 seeks QCA services for 1.4 GW of solar and wind plants
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.
Amp Energy wins CESC’s 150 MW wind-solar auction
Amp Energy India has won West Bengal discom CESC’s 150 MW wind-solar hybrid power auction at a tariff of INR 3.07 ($0.037)/kWh.
Renewables, hydro now account for over 40% of India’s installed power capacity, says CEEW-CEF
India reached a cumulative installed power generation capacity of 416 GW as of March 2023. Renewables formed 30% and hydro 11% of the capacity mix.
India’s optimal electricity generation mix for 2029-30
A new study by Central Electricity Authority assesses the least-cost, optimal generation capacity mix to meet India’s projected electricity demand for the year 2029-30.
Adani Green to commission 3 GW of renewable energy capacity this fiscal
The developer has reached either financial closure or binding term sheets for about 1.1 GW of this upcoming 3 GW solar and wind energy capacity.
Commissioning extension for solar projects only on case-by-case basis, says MNRE
Solar Energy Corp. of India, NTPC, and NHPC would examine developers’ requests for an extension to their solar and wind-solar projects on a case-by-case basis. The extension would be granted only if the developer has taken all possible measures to implement the project (such as land acquisition and order for module/balance-of-system supply) but couldn’t complete it for reasons beyond his control.
Adani Green Energy doubles profit in FY 2022-23
Adani Green Energy has reported a profit after tax of INR 973 crore in FY 2022-23, almost 100% up from INR 489 crore in FY 2021-22.
