Jubilant Ingrevia, a Noida-headquartered integrated life science solutions provider, has signed the agreement to acquire a 26.6% equity stake in the 15.5 MW solar power plant for its captive consumption. The plant, located in Maharashtra, is being developed by Amp Energy through a step-down subsidiary.
The Maharashtra State Power Generation Co. Ltd (MAHAGENCO) has invited bids to set up a 25 MW grid-connected solar plant in the Dhule district on a revenue share basis.
With this large-scale solar project, the company’s total renewable capacity will swell to 4,611 MW comprising an installed capacity of 2,947 MW and 1,664 MW under implementation.
Under the partnership, Tata Power will provide end-to-end electric vehicle (EV) charging solutions across Lodha Group’s residential and commercial projects in Mumbai Metropolitan Region (MMR) and Pune.
The researchers showed a premagnetized carbon-cobalt catalyst interface could deliver up to 650% enhancement in electrocatalytic kinetics of hydrogen evolution reaction. The synergistic interface was able to sustain magnetization, and thus rapid hydrogen evolution rate, for prolonged time periods.
The solar plant in the Beed district will supply power to leading corporate customers under the captive structure.
The Indian developer will build a 1,300 MW hybrid renewable energy capacity (900 MW wind plus 400 MW solar) supplemented with storage to ensure a round-the-clock supply. The project cost is estimated at approximately US$ 1.2 billion.
The PV plant is situated in the Solapur district of Maharashtra. It benefits from a 25-year power purchase agreement with Solar Energy Corporation of India Limited at a fixed tariff of INR4.43 per unit.
The captive solar plant will quadruple Mahindra & Mahindra’s renewable energy share from 12% to 56% in Maharashtra. It shall be developed by ReNew Power arm on a build-own-operate basis.
The Haryana-based developer secured the solar power project from the Maharashtra utility at a tariff of INR 2.43/ kWh (US$0.033). The project will likely be located in Gujarat or Rajasthan. It shall use mono PERC modules produced from ReNew Power’s upcoming 2 GW factory in Gujarat.
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