WIND SOLAR HYBRID PROJECT
Avaada Energy gets 820 MW hybrid project from SJVN
Avaada Energy announced on Monday that it has secured an 820-megawatt hybrid project from state-owned power producer SJVN. This achievement came through an e-Reverse Auction process.
JSW 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, aiming to achieve 20 GW capacity by 2030.
Juniper Green Energy secures renewable PPAs in Gujarat, Rajasthan
Juniper Green Energy announced on Wednesday that it has signed power purchase agreements for renewable energy projects in Gujarat and Rajasthan. The company has secured an agreement with Gujarat Urja Vikas Nigam Limited (GUVNL) under wind phase VI for a standalone 90 MW wind project in Gujarat. The aim of these projects is to promote renewable energy in these regions.
Adani to invest Rs 2 lakh crore in renewable energy capacity addition by 2030
Adani Group plans to invest Rs 2 lakh crore by 2030 to achieve 40 GW of renewable energy generation capacity, aiming for net zero emissions by 2050. With over 10 GW capacity currently, they aim to add 6-7 GW annually to reach 50 GW by 2030. The investment is estimated at Rs 5 crore per megawatt. Adani Green Energy Ltd has added 2.8 GW capacity in FY24.
India 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 peak power demand, upgrading transmission equipment, and implementing measures like proper ventilation in substations and transformer yards.
Record $1.8 trillion investment in renewables made in 2023 not enough to meet COP28 goals, says EY report
More than 100 countries at the COP28 climate summit in Dubai last year had agreed to triple renewable energy capacity by 2030 and cut down the use of fossil fuel and emissions, a move seen as vital to avert the worst effects of climate change. The pledge made at COP28 is one of the several energy-related announcements that include new measures and funding to combat methane emissions, agreements to cut coal use and nuclear energy promotion.
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Cabinet approves offshore wind energy projects in Gujarat, Tamil Nadu with total outlay of Rs 7,453 cr
The Union Cabinet approved India's first offshore wind energy projects with a capacity of 1 GW, divided equally between Gujarat and Tamil Nadu, at a total cost of Rs 7,453 crore. Information & Broadcasting Minister Ashwini Vaishnaw highlighted this as a landmark decision, emphasizing the significant opportunity it represents for India's renewable energy sector.
IFC 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 C&I consumers and the merchant market. This partnership aims to showcase renewable energy viability, support India's green energy corridor, and drive clean energy uptake. Brookfield plans to expand renewable investments in India, in alignment with IFC's goal of increasing market competitiveness and reducing carbon footprint.
ACME 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.
Suzlon bags 103.95 MW wind project from AMPIN Energy
Suzlon Group secures 103.95 MW wind project from AMPIN Energy Transition in Fatehgarh district of Rajasthan, part of hybrid project under SECI and C&I bids, aiming to provide electricity to 85,000 households and reduce 3.38 lakh tonne of CO2 emissions per year. Vivek Srivastava, CEO, India Business, Suzlon Group, emphasizes commitment to renewable energy expansion in India.
JSW 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 commissioning expected by June 2025. The company is also developing green hydrogen and steel projects, aiming to achieve 20 GW generation capacity and 40 GWh energy storage capacity by 2030.
Adani to invest over $1 bn in Sri Lankan wind projects
Adani Group plans to invest over USD 1 billion in setting up projects in Sri Lanka through Adani Green Energy Ltd. The projects include two wind farms in Sri Lanka's Mannar town and Pooneryn village with a total capacity of 484 megawatts.
Suzlon Group gets 82 MW wind energy project in Madhya Pradesh from Oyster Green
Suzlon Group has secured an 82 MW wind energy project from Oyster Green Hybrid One Pvt Ltd. The project involves installation of 26 3.15 MW wind turbine generators in Agar, Madhya Pradesh. The company will handle the supply, erection, commissioning, and maintenance services for the project. It targets commercial and industrial customers to promote renewable energy usage in India. Suzlon aims to support sustainable energy solutions globally with its 20.7 GW wind energy capacity.
Petronas renewable energy arm leads race to climb green tower at Brookfield
Malaysian energy giant Petronas's renewable energy arm Gentari Sdn Bhd is leading the race for a part of India's renewable portfolio from Brookfield Asset Management.
Rules eased for Green H2 producers in SEZs
India Tuesday exempted solar and wind energy plants located in a special economic zone, or export-oriented units for production of green hydrogen and its derivatives that are also in the same zone, from buying modules and turbines from the approved list of models and manufacturers.
Suzlon looking at a much stronger balance sheet at the end of FY25: CFO
Himanshu Mody, CFO of Suzlon Group, highlights their unique Make in India turbine, tailored for India's weather conditions based on Atmanirbhar Bharat principles. Mody said: "In our manufacturing business, the country will add about 5 gigawatts in FY25 and we have close to a 27% to 30% market share historically. Our endeavour will be to continue with that market share. "
Green energy will help fight pollution and create jobs in India
India, committed to climate mitigation programme, today stands 4th globally in renewable energy installed capacity, 4th in wind power capacity and 5th in solar power capacity, as per International Renewable Energy Agency - Renewable capacity statistics 2023.
Believe it or not: Even in Saudi Arabia, renewable power is cheaper than fossil fuels
Saudi Arabia has signed deals to purchase electricity from two large-scale wind farms at record-low prices, cheaper than natural gas plants. The kingdom aims to shift rapidly to a larger share of renewables in the power grid, with the goal of generating half of its power from clean sources by 2030. The projects, developed by Japan's Marubeni Corp, benefit from state backing and favorable wind conditions in the country, making them more cost-effective than fossil fuel alternatives. The country's move towards renewable energy is part of Crown Prince Mohammed Bin Salman's efforts to diversify the economy away from oil dependence.
India may add 25 GB wind energy capacity by 2028, need Rs 2 lakh crore: Crisil
India is set to significantly boost its wind energy capacity by adding nearly 25 gigawatts between fiscal years 2025 and 2028, driven by the increasing need for renewable energy and grid balancing. The government's target to auction 50 GW of renewable projects annually and stable average tariffs reflect India's commitment to sustainable energy solutions.
Cochin Shipyard shares surge nearly 10% after European order win
Shares of Cochin Shipyard experienced a notable surge of 10% on Tuesday, reaching a high of Rs 1,310.60 on the Bombay Stock Exchange (BSE). This surge followed the company's announcement of a significant order win to the exchanges on Monday.
NTPC Green Energy ties up with MAHAPREIT to develop renewable energy parks, projects in Maharashtra
NTPC Green Energy collaborates with MAHAPREIT to develop a 10 GW renewable energy park in Maharashtra, aiming for 60 GW RE capacity by 2032 with NGEL subsidiary focusing on green initiatives.
Mahindra Susten draws up plan to step up its green energy play, plans to invest ₹21,000 cr in next 5 years
Mahindra Susten plans to invest ₹21,000 crore in a 5.5 GW renewable energy portfolio over 5 years with Ontario Teachers' Pension Plan. The company aims to avoid a heavy debt burden through asset flipping and expand into the hybrid renewable energy sector.
Tata Power Renewable Energy signs pact with SJVN for 460 MW clean energy project
Tata Power Renewable Energy Ltd and SJVN Ltd collaborate on a 460 MW FDRE project integrating solar, wind, and battery storage technologies to enhance energy dispatch efficiency and contribute to TPREL's total renewables capacity of 9,421 MW.
Gujarat Toolroom acquires 65-acre land for Rs 570-cr hybrid energy project
Gujarat Toolroom invested Rs 572 crore in a 65-acre Gujarat land for a green energy project. The Hybrid Power Plant, with solar panels and wind turbines, aims to contribute 97.5 megawatts of sustainable electricity.
NTPC Green Energy inks pact with Indus Towers to develop renewable energy projects
NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC, has signed an initial agreement with Indus Towers Ltd (ITL) to collaborate on developing grid-connected renewable energy projects, including solar, wind, and energy storage solutions. This move aligns with the Indian government's push for a carbon-neutral economy.
Avaada Energy bags 250 MW solar-wind project in NTPC auction
Avaada Energy secures 250 MW hybrid project in NTPC auction, offering Rs 3.47/kWh tariff. PPA spans 25 years, expected to power 5L households, reduce carbon emissions, and contribute to India's green energy supply.
Torrent Power gets letter of award to supply 150 MW renewable energy
Torrent Power awarded 150MW wind solar hybrid project by Distribution Unit with Rs 1,825 crore investment at Rs 3.65 per kWh, under a 25-year PPA, planning 245 MW capacity installation.
Wind and sun are free, but it's harder to get renewable energy projects built these days. Here's why
It's not easy when headwinds from the post-pandemic global economy - including high interest rates and inflation - are holding back often costly investment in wind, solar and other forms of clean power.
Suzlon bags 72.45 MW wind power project from Juniper Green Energy
Renewable energy solutions provider Suzlon Group on Thursday said it has secured a 72.45 MW wind power project from Juniper Green Energy Pvt Ltd. As part of the project, Suzlon will install 23 Wind Turbine Generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 Megawatt (MW) each at the client's site at the Dwarka district in Gujarat, a company statement said.
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