ReNew Power signs deal for INR 50,000-crore renewables, storage project in Karnataka
Developer ReNew Power will invest INR 50,000 crore ($6.5 billion) in solar, wind, hybrid generation, battery storage, and green hydrogen projects over a period of seven years.
Greenko starts work on 5.23 GW renewable storage project
Indian developer Greenko has begun construction of a hybrid energy storage project featuring 10.8 GWh of daily pumped storage, 3 GW of solar, and 550 MW of wind. It claims that it might be the world’s largest renewables-based storage project upon completion.
Azure Power to develop 1.7 GW of renewable energy projects in Karnataka
The NYSE-listed Indian solar developer has signed an Expression of Interest (EoI) with the Karnataka government to establish 1.7 GW of solar, wind, and hybrid renewable energy capacity in the state.
Japan’s Mitsui to buy 49% in ReNew Power’s round-the-clock project
Japanese investor Mitsui has signed the agreement to raise a 49% stake in ReNew Power’s 1.3GW hybrid renewable energy project supplemented with up to 100MWh of battery storage. The project will supply 400MW of round-the-clock power to the Solar Energy Corporation of India (SECI) under a 25-year power purchase agreement.
ArcelorMittal, Greenko partner on a renewables-plus-storage project
UK-headquartered ArcelorMittal will own and fund a hybrid wind-solar project with energy storage for round-the-clock RE supply to the Hazira plant of its joint venture ArcelorMittal Nippon Steel India. Greenko will design, construct and operate the project.
Adani Green raises US$ 288 million for under-construction renewable energy projects
The developer shall use the senior debt facility to initially finance its 450MW hybrid portfolio of solar and wind renewable projects in the Indian state of Rajasthan.
India may add 12.5GW of solar in 2022-23
Ratings agency ICRA expects the solar boost based on the backlog of PV projects awarded by central and state electric utilities.
Azure Power signs 2,333 MW solar PPA with SECI
The PV capacity is part of an overall 4 GW secured under the Solar Energy Corporation of India’s manufacturing linked auction.
How round-the-clock renewables point to optimum use of energy generation and infrastructure
Amid the troubles of the coal-dominated grid, variable renewable energy has a place in ensuring reliable supply
Tata Power wins 300 MW hybrid wind-solar project
TP Saurya Ltd, an arm of Tata Power, has secured a letter of award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to build 300 MW of hybrid wind-solar capacity.
