SOLAR ENERGY CORPORATION OF INDIA
VIEW: Cues on the critical need to support India’s solar and renewable energy industry NDA 3.0 aims to revitalize India’s economy with a focus on clean energy in the 2024-25 budget. Priorities include policy continuity, fiscal incentives, and significant investments in renewable technologies, particularly solar. By allocating 5-10% of...
12 Jul, 2024, 04.09 PM ISTGovt receives bids from 23 companies for tranche-II of electrolyser manufacturing incentive scheme Adani Enterprises Ltd, Bharat Heavy Electricals Ltd, Avaada Electrolyser Pvt Ltd, Thermax Ltd, and Waree Energies Ltd are part of the 23 companies bidding for incentives to manufacture electrolysers in the second tranche of the Strategic Interventio...
11 Jul, 2024, 11.41 PM ISTBudget 2024: Renewed focus on solar capacity and renewable energy integration needed India's solar capacity has grown significantly, reaching 84 GW by May 2024. To achieve its 2030 target of 500 GW non-fossil fuel energy capacity, India must triple its current rate of capacity addition. Budget 2024 should enhance support for innovat...
11 Jul, 2024, 09.52 AM IST- ADVERTISEMENT
DVC to invest Rs 20,000 cr in solar energy projects by 2030 The Kolkata-headquartered corporation now has only 14 MW installed solar capacity and is executing a 348 MW project in association with NTPC. A 250MW/hour capacity of battery storage is also under consideration, he said.
05 Jul, 2024, 09.03 PM ISTMNRE issues incentive guidelines for green hydrogen producers under SIGHT scheme Solar Energy Corporation of India (SECI) is the implementing agency for this tranche as well. The Request for Selection (RfS) shall be issued by SECI shortly. The bidding shall be based on the least average incentive quoted by the bidder. The minimu...
05 Jul, 2024, 05.29 PM ISTIndia's biggest concentrated solar tender likely this year The tender will be issued by the end of this fiscal, Gupta said. SECI is the nodal agency for implementing the government's renewable energy projects. "There have been solar thermal tenders but not of this scale," Gupta told reporters on the sidelin...
04 Jul, 2024, 12.15 AM ISTKarnataka to set up solar park in Madhugiri, boost renewable energy production: Minister K J George The Karnataka government plans to establish a solar park in Madhugiri taluk, following the success of the Pavagada Solar park in Tumakuru. The park will be developed in a strategic partnership with Tehri Hydro Development Corporation India Limited (...
01 Jul, 2024, 08.33 PM ISTIndia keen to speed up power grid link talks with Sri Lanka India is actively pursuing discussions with Sri Lanka to establish a power grid link, focusing on renewable energy for electricity trading. The project includes overhead and under-sea cables, with economic benefits being evaluated by PwC India and p...
28 Jun, 2024, 12.21 AM ISTJSW Energy inks power purchase agreements via its arms for 1,325 MW renewable projects JSW Energy has signed power purchase agreements with subsidiaries for wind and solar projects, totaling 1,325 MW. This brings the company's total locked-in capacity to 13.6 GW. The agreements account for 36% of the company's pipeline capacity, aimin...
26 Jun, 2024, 09.37 PM ISTIndia powers up energy network for its hotspots The govt is taking steps to ensure power projects, including renewable energy sources like wind turbines and solar panels, can operate effectively in the face of intense heatwaves in India. Actions involve enhancing heat tolerance levels, addressing...
25 Jun, 2024, 11.46 AM ISTGensol Engineering bags another BESS project from GUVNL Gensol Engineering secures an additional 250 MW/500 MW Battery Energy Storage System Project from GUVNL, increasing its order book to Rs 3,100 crore.
19 Jun, 2024, 10.59 PM ISTIFC to fund $105 mn for Brookfield’s Bikaner Solar Power Project IFC has committed $105 million to finance a 550 MW solar power project in Bikaner, Rajasthan by Brookfield Asset Management, using long-term debentures. This marks IFC's first Asia-Pacific investment with a hybrid offtake structure selling power to ...
17 Jun, 2024, 03.09 PM ISTConstruction of 1,000-Mw Solar Power Project in Karbi Anglong will begin shortly: Assam CM Himanta Biswa Sarma Assam Chief Minister Himanta Biswa Sarma announced the upcoming construction of a 1,000-MW Solar Power Project in Karbi Anglong. This comes after the laying of the foundation stone for a 25-MW solar power generation project at the Namrup Thermal Pow...
15 Jun, 2024, 09.54 AM ISTACME ties up Rs 5,600 cr loan for green energy project in Andhra Pradesh The projects will have the ability to supply power nationwide during peak hours without disruptions. ACME, ReNew Power, Hero Future Energies and Amp Energy won parts of the tender.
15 Jun, 2024, 12.41 AM ISTGensol Engineering emerges successful bidder for Rs 1,340-cr battery energy storage project The project will supply electricity on an 'on-demand' basis to Gujarat State's DISCOMs during peak and off-peak hours, thereby extending renewable energy availability beyond solar hours, fulfilling energy storage purchase obligations, and enhancing ...
12 Jun, 2024, 08.50 PM ISTJSW Energy begins construction of 1 GWh battery energy storage project in Rajasthan The project will be developed under a Build Own Operate and Transfer (BOOT) mechanism and will be transferred to the off-taker after 12 years, the company said, adding that it had bagged the project from Solar Energy Corporation of India Limited (SE...
10 Jun, 2024, 02.44 PM ISTJSW Energy begins construction as part of its foray into battery storage services JSW Energy has started construction on a Battery Energy Storage Project (BESS) to enter the energy storage services business, enabling the storage and release of renewable energy. They were awarded a 1.0 GWh battery storage project by SECI, with com...
10 Jun, 2024, 09.56 AM ISTEmpowering Communities Through a New Cooperative Solar Ownership Structure – “Community Solar”07 Jun, 2024, 10.00 PM IST India's peak power demand hits a record 250 GW India witnessed a historic milestone on May 30 as the country's power demand surged to a record-breaking 250 GW, driven by a combination of weather-related loads and the escalating power consumption in both industrial and residential sectors, announ...
31 May, 2024, 12.47 AM ISTThermal PLFs to remain healthy amid power demand-supply mismatch: Report India Ratings and Research (Ind-Ra) has maintained a neutral outlook for the power sector for FY25, predicting that thermal plant load factors (PLFs) will remain healthy due to a demand-supply mismatch. The agency believes that the overall plant loa...
15 May, 2024, 04.38 PM IST