Vedanta approves INR 444 crore equity investment in 691 MW of ‘captive’ renewable energy projects
The Mumbai-headquartered natural resources company will invest INR 444 crore ($54.23 million) in 691 MW of renewable energy projects to power its aluminum, copper and oil & gas operations across India. It will implement these captive projects through special-purpose vehicles formed with Serentica Renewables.
US-based renewable power producer announces 100 MW hybrid wind-solar project in India
The 100 MW co-located, wind-solar hybrid renewable power project in Maharashtra will supply clean power to commercial and industrial (C&I) customers in the state.
Emerging investment opportunities in India’s renewable energy sector
Corporate decarbonization, value chain integration, wind-solar hybrid projects, battery energy storage, offshore wind, green hydrogen, and value-added offerings such as energy-as-a-service are key trends and technologies shaping up India’s renewable energy sector and offering ample scope for investments.
Amp Energy secures PPA for 200 MWp wind-solar hybrid project
The developer will set up the wind-solar plant on a build-own-operate basis and sell the generated electricity to the Solar Energy Corp. of India.
India to add 45 GW of corporate renewables over five years
Bridge To India analysts expect corporates in India to drive 45 GW of renewables capacity addition over the five years ending 2027. Open-access solar will continue to be the dominant source for power procurement.
HPCL, NTPC sign MoU on renewable energy and storage
Hindustan Petroleum Corp. Ltd and NTPC Green Energy Ltd will collaborate in renewable energy, energy storage, round-the-clock (RTC) power, electric mobility, and solar-wind value chain projects.
India misses 2022 renewables target of 175 GW by 30%
India has installed a cumulative renewables capacity (excluding large hydro) of 122 GW as of December 31, 2022, falling 30% short of its 175 GW target. While solar addition has remained more consistent than wind over the last few years, 2023 is going to be a challenging year for PV installation due to the shortage of domestically manufactured modules.
Tata Power to set up 255 MW wind-solar project for Delhi Discom
Tata Power Renewable Energy Ltd has secured the letter of award to build a 255 MW hybrid (170 MW wind and 85 MW solar) power project in Karnataka. The project will supply power to Tata Power Delhi Distribution Ltd,
CleanMax and Meta partner on 33.8 MW of wind-solar project
CleanMax Enviro Energy Solutions will develop 33.8 MW of wind-solar project to power Meta operations in India.
Adani Green becomes world’s largest wind-solar hybrid power developer
The developer has commissioned a 450 MW wind-solar power plant in Rajasthan. With this, it has reached a cumulative hybrid power generation capacity of 1.44 GW.
