India’s renewables-plus-storage tenders mark a new beginning with highly competitive tariffs: NSEFI
The recently concluded 400 MW renewables auction to supply 24-hour electricity saw winning bid of INR2.90/kWh—a new milestone after peak+off-peak tariff of INR4.07 was achieved in January’s 1.2 GW auction demanding assured power supply during peak demand hours.
Renew Power wins 400 MW ‘round-the-clock’ renewables auction at Rs2.90/kWh
The developer can opt for solar, wind or an hybrid facility alongside an energy storage system to ensure 24-hour power supply.
Optimistic solar outlook dimmed by COVID-19 – Bridge To India
Developers are also expected to drag their heels over project completion during the first half of the year as the safeguarding duty applied to imported Chinese and Malaysian solar products is due to expire at the end of July.
Gujarat to provide Rs 912 crore subsidy for rooftop solar this fiscal
The state budget for 2020-21 has also allocated Rs 125 crore under Pradhan Mantri KUSUM Yojana to solarize 18,500 grid-connected pumps and for standalone offgrid solar power agriculture pumps.
Optimal grid utilization imperative whilst integrating renewable energy
The Solar Energy Corporation of India should amend the 400 MW round-the-clock supply tender to make co-location of solar, wind and storage mandatory in order to ensure optimal utilization of transmission infrastructure, says NSEFI chairman.
Renewable energy: 7,592 MW commissioned in first nine months of the fiscal year
Capacity additions for the current fiscal year are set to exceed the previous accounting period’s 8,532 MW. With Rs405 billion invested in clean energy in the last fiscal year, spending in the first nine months of 2019-20 has been estimated at Rs367 billion.
SECI concludes world’s largest renewables-plus-storage tender at Rs4.04/kWh
Pumped hydro and battery projects, coupled with renewables, offer the world’s lowest peak clean electricity tariff. The tender, which received bids for for 1.62 GW of capacity against the 1.2 GW sought, saw Greenko secure 900 MW of pumped storage capacity and Renew Power 300 MW of battery storage.
European investor EQT and Singapore’s Temasek launch renewable energy JV in India
Led by Indian developer Renew Power’s former CEO Parag Sharma, the joint venture by these global investors aims to install over 4 GW of utility-scale capacity across solar and wind projects.
Adani rolls out roadmap to become largest renewable power player by 2030
India’s largest private-sector thermal power producer—which ranked as the sixth largest solar player globally in 2019—will invest over 70% of its budgeted Capex for the energy vertical into clean energy and energy-efficient systems to fuel its transformation.
SECI tenders 1.2 GW wind-solar hybrid, 4 MW floating solar plus storage
Developers have until February 25 to bid for ISTS connected wind-solar hybrid projects to be set up anywhere in India at the location of their choice. Bidding for 4 MW of grid-connected floating solar project with 2 MW/1 MWh battery energy storage system—to be set up in Andaman & Nicobar Islands—closes on February 13.
