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Solar Power Projects
The administration of US President Donald Trump has cancelled solar projects in Puerto Rico worth millions of dollars, as the island struggles with chronic power outages and a crumbling electric grid. The projects were aimed at helping 30,000 low-income families in rural areas across the US territory as part of a now-fading transition toward renewable energy. In an email obtained by The Associated Press, the US Energy Department said that a push under Puerto Rico's former governor for a 100 per cent renewable future threatened the reliability of its energy system. "The Puerto Rico grid cannot afford to run on more distributed solar power," the message states. "The rapid, widespread deployment of rooftop solar has created fluctuations in Puerto Rico's grid, leading to unacceptable instability and fragility." Javier Rua Jovet, public policy director for Puerto Rico's Solar and Energy Storage Association, disputed that statement in a phone interview Thursday. He said that some 200,00
Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Saturday directed the installation of rooftop solar power systems at healthcare institutions under the health department. He said that installing these systems in a phased manner would promote green energy and also help save money. He further said that his government has set a target to develop Himachal Pradesh as a green energy state, and effective steps are being taken to achieve this goal. Himachal's annual energy consumption is about 13,000 million units, and to make the state self-reliant in the energy sector, the government has set a target to meet more than 90 per cent of its energy requirement through renewable sources, he said in a statement issued here. The government has set the target to install solar energy projects with a total capacity of 500 megawatts in the state within the next two years, and special efforts are being made to promote alternative energy projects such as those related to solar, green hydrogen
ACME Solar Holdings Ltd, India's leading renewable energy producer, on Monday said its 300 MW solar project in Rajasthan continues to be fully supported by dedicated transmission capacity and is not facing any evacuation constraints. Some solar projects in the state currently supply power under the temporary general network access (T-GNA) framework, as their associated transmission systems are yet to be commissioned. Those constraints are not faced by ACME. ACME Solar Holdings Ltd said its 300 MW solar project developed by ACME Sikar Solar Pvt Ltd and connected to the Bikaner-II substation has received General Network Access (GNA) effectiveness approval for long-term access and is currently evacuating its full capacity of 300 MW. "As the project holds confirmed and effective GNA status (long term GNA) now, it now continues to be fully supported by dedicated transmission capacity and is not subject to the evacuation constraints," the firm said in a statement. ACME Solar also said t
Inox Wind on Wednesday said it has entered into an agreement with KP Energy for jointly developing 2.5 GW of wind-solar hybrid projects in multiple states across the country. Under the Memorandum of Understanding (MoU) with KP Energy, Inox Wind Limited (IWL) along with its subsidiaries will supply wind turbine generators and associated equipment, provide engineering support including USS design, transformer specifications, and foundation design, and will execute pre-commissioning, commissioning and O&M of wind turbine generators, Inox Wind said in a statement. KP Energy will undertake project development activities such as securing connectivity, land and right-of-way, obtaining statutory approvals, and executing balance of plant and EPC (engineering, procurement and construction) works, the statement said. "The synergies between Inox Wind's manufacturing excellence, engineering depth and product reliability, and KPE's extensive on-ground development experience enables both ...
ACME Solar Holdings on Monday said that its arm ACME Aklera Power Technology has secured Rs 47.40 crore as "change in law compensation" for a 250-MW solar project in Rajasthan. The ruling of the Rajasthan Electricity Regulatory Commission (RERC) for the project contracted with SECI is expected to benefit with an additional revenue of 3.5 per cent for 15 years, a company statement said. The awarded amount includes "compensation towards imposition of basic customs duty on solar cells and modules, increase in GST from 5 per cent to 12 per cent and carrying cost". "The total amount is to be received through an annuity mechanism at a discount rate of 9 per cent over a period of 15 years, ensuring fair recovery of unforeseen regulatory cost increases and protecting project economics," it said. According to ACME Solar, the case sets a precedent for regulatory certainty and project development cost stability in the renewable energy industry. "The RERC's timely adjudication and directions
Renewable energy player Goldi Solar on Wednesday said it has raised over Rs 1,400 crore in a funding round led by consumer electrical goods maker Havells India Ltd. Besides, various high-net-worth individuals (HNIs), institutional and strategic investors have participated in the capital infusion, the Gujarat-based module maker said. In a statement, Goldi Solar said it has "secured a landmark growth capital infusion led by Havells India, alongside a distinguished consortium of high-net-worth individuals (HNIs), institutional, strategic, and prominent investors." The company has raised a total of Rs 1,422 crore from multiple investors, and the capital will be used to fund future growth plans. Other prominent investors and family businesses are Ambit Global Private Client, Nikhil Kamath, Shahi Exports Pvt Ltd, SRF Transnational Holdings Ltd, Karmav Real Estate Holdings LLP, NSFO Ventures LLP, and Godwitt Construction Pvt Ltd. According to market sources, Havells has infused Rs 600 cr
Reliance Industries will commence solar power generation in the first half of the next financial year from its mega renewable energy project in Kutch, Gujarat, a site spread over an area nearly three times the size of Singapore. The project is part of the oil-to-telecom conglomerate's broader push towards clean energy and achieving net-zero carbon emissions by 2035. In an investor presentation post announcement of its second quarter earnings, Reliance said project development across the 5,50,000-acre site in Kutch is progressing well, with engineering and feasibility studies completed, and the site is currently in various stages of land development. "Expected to start commissioning solar generation during the first half of the next year for captive requirements plus green fuels production," it said. Four years ago, Reliance Chairman and Managing Director Mukesh Ambani announced a USD 10 billion investment in a 'new energy' business. That was seen as a notable change of tide, given