India added ‘record’ 17.4 GW solar in first nine months of 2024, says JMK Research
India installed about 17.4 GW of solar capacity from January to September 2024. This included about 13.2 GW from utility-scale PV installations, 3.2 GW rooftop projects and 1 GW offgrid/distributed PV capacity.
SJVN allocates 1.2 GW wind-solar hybrid capacity at $0.038/kWh
Datta Infra, EG Energy (Enfinity Global), Gentari Renewables, Juniper Green, and Sunsure Energy have emerged winners in SJVN’s auction for 1.2 GW of wind-solar hybrid capacity.
SECI launches 1.2 GW renewables, storage tender
Solar Energy Corp. of India (SECI) has launched a tender to select developers for 1.2 GW of round-the-clock power from renewable energy projects backed with energy storage systems. Bidding closes on Dec. 16.
Power ministry proposes amendments to tariff-based competitive bidding for solar, wind and hybrid renewable energy projects
The draft amendments released by the power ministry include a reduced PPA period of 15 years, cyber compliance by developers, and insurance surety bonds as a new instrument for establishment of earnest money deposit/performance bank guarantee.
NTPC allocates 1.2 GW wind-solar hybrid capacity at $0.039/kWh
Adani Renewable Energy, Datta Infra, Evergreen Renewables, ReNew Solar Power and Sembcorp Green Infra have emerged winners in NTPC’s 1.2 GW wind-solar hybrid auction.
JSW Energy Q2 profit marginally up YoY at INR 853 crore
JSW Energy has reported a consolidated net profit of INR 853 crore and total revenue of INR 3,459 crore for the second quarter of FY 2024-25.
JSW Energy secures PPAs for 1.2 GW solar-wind hybrid capacity with MSEDCL
JSW Energy Ltd has secured 25-year power purchase agreements with Maharashtra State Electricity Distribution Co. Ltd for two solar-wind hybrid projects of 600 MW each.
AMPIN Energy Transition reaches financial close on 200 MWp solar wind hybrid project in Rajasthan
AMPIN Energy Transition has secured green loan from Standard Chartered Bank for its 200 MWp solar wind hybrid project in Rajasthan.
IBM acquires Prescinto for renewables asset performance management
Prescinto is a software-as-a-service (SaaS) platform to manage and optimize the end-to-end operations of renewable energy assets. Its acquisition will enhance the capabilities of IBM’s integrated solution for asset lifecycle management.
“India will be the fastest-growing renewable energy market among large economies through 2030,” says IEA
The International Energy Agency projects India’s annual renewable energy capacity additions to more than quadruple from 15 GW in 2023 to 62 GW in 2030.
