Page 36 - Renewable Energy

Suzlon bags order for 39-MW wind energy project from First Energy

Renewable energy solution provider Suzlon on Thursday announced that it has bagged a 39-MW wind power project from Thermax Group company First Energy. This order is part of a 100-MW wind-solar hybrid project by First Energy 5 Pvt Ltd, a company statement said. Suzlon will install 13 wind turbine generators (WTGs) with a hybrid lattice tubular (HLT) tower and a rated capacity of 3 MW each. The project, to be located at Thalaikattupuram, Tuticorin in Tamil Nadu, is expected to be commissioned in 2024. As part of the agreement, Suzlon will supply the wind turbines (equipment supply) and supervise the project including erection and commissioning. Suzlon will also provide comprehensive operations and maintenance services post-commissioning. J P Chalasani, CEO, Suzlon Group, said in the statement, "This is our first order with the (Thermax) group and features our 3 MW series product, which is one of the largest wind turbines in India today." Ravi Damaraju, Director, First Energy, said

No plans to extend ALMM for renewable energy player, says official

There are no plans to further extend the Approved List of Models and Manufacturers (ALMM) of solar photovoltaic modules at the moment, a senior government official said on Wednesday. Lalit Bohra, Joint Secretary at the Ministry of New and Renewable Energy (MNRE), has made the remarks at the annual 'Mercom India Renewables Summit 2023' in the national capital. Replying to a question on plans of extension to the ALMM, he said: "ALMM was only deferred for a year. As of now, we are very clear we are not extending it". The government earlier extended the ALMM by one year till March 2024 amid industry raising concerns over raw material availability and supply chain. ALMM was introduced to boost domestic manufacturing. The official further said that "the ministry on a regular basis keeps on interacting with industry stakeholders and actively addresses their issues with respect to projects". On a question related to include the ancillary and downstream industry under the production-linke

Brookfield to invest $1 bn in Avaada Group to fund green hydrogen project

Avaada currently operates a renewable energy portfolio of 4 gigawatt (GW) with plans to reach 11 GW by 2026

India to triple renewable projects auctions as 2030 green target looms

The nation is accelerating project installations to hit a goal to have 500 gigawatts of clean energy generation capacity in 2030

Renewable energy is our collective interest: Jaishankar at CARICOM meet

Jaishankar said that India's G20 Presidency is "not just for ourselves but also for the countries, who are not on the G-20 table."

JSW Group eyes share of country's infra boom, plans to spend $65 bn by 2030

Jindal said steel was "a cyclical business, and we cannot afford to have a high-leverage regime," according to the FT

Nayara Energy to expand business 50% by 2030, says Chief Alois Virag

He added that his company wants to contribute to making India more self-reliant and self-sufficient with petrochemical production

Denmark's energy consumption down in 2022 as renewables gain ground

In contrast, consumption of oil products increased by 5.3%, "primarily as a result of increased sales of fuel for domestic and international aviation from Danish airports"

NTPC mulls fresh offers for stake in green unit after top bidder pulls out

The fiscal year ended in March was expected to be a significant milestone for NTPC Green, the face of transition for the country's biggest coal consumer

Clean energy infrastructure may be included in harmonized master list

Small-sized projects below 500 megawatt are not offered anymore in the tenders by central government agencies

Govt unveils plans to add 250GW renewable energy capacity in next 5 years

The government on Wednesday announced a plan to add 250 GW of renewable energy capacity in the next five years to achieve its target of 500 GW of clean energy by 2030. The government has decided to invite bids for 50 GW of renewable energy capacity annually for the next five years i.e., from Financial Year 2023-24 till Financial Year 2027-28, a Ministry of New and Renewable Energy statement said. These annual bids of ISTS (Inter-State Transmission) connected renewable energy capacity will also include setting up of wind power capacity of at least 10 GW per annum, it stated. The plan finalised by the Ministry of New & Renewable Energy (MNRE) at a meeting chaired by Union Minister for Power & New and Renewable Energy R K Singh last week, is in accordance with the Prime Minister's announcement at COP26, of achieving 500 GW of installed electricity capacity from non-fossil fuel (Renewable Energy + Nuclear) sources by 2030. India currently has a total renewable energy capacity of

Govt to add 50 GW renewable energy capacity to achieve 500 GW target

India currently has a total renewable energy capacity of 168.96 GW (as on February 28, 2023) with about 82 GW at various stages of implementation and about 41 GW under tendering stage

Waaree Renewable Tech bags order to build 221.8 MW solar power project

Waaree Renewable Technologies on Wednesday said it has bagged an order to build a 221.8 MWp solar power project from a steel maker. "We have received a Letter of Award (LoA) from one of India's leading steel manufacturing companies for the execution of Engineering, Procurement and Construction (EPC) works of a solar power project of 221.8 MWp DC capacity," it said in a BSE filing. The order is placed by a renewable energy arm of one of India's leading steel manufacturing companies. The project is likely to be completed in FY 2023-24, as per the terms of the contract. Waaree Renewable did not disclose the financial details of the project.

President Biden offers $450 mn for clean energy projects at coal mines

President Joe Biden's administration is making USD450 million available for solar farms and other clean energy projects at the site of current or former coal mines, part of his efforts to combat climate change. As many as five projects nationwide will be funded through the 2021 infrastructure law, with at least two projects set aside for solar farms, the White House said Tuesday. The White House also said it will allow developers of clean energy projects to take advantage of billions of dollars in new bonuses being offered in addition to investment and production tax credits available through the 2022 Inflation Reduction Act. The bonuses will "incentivize more clean energy investment in energy communities, particularly coal communities,,'' that have been hurt by a decade-plus decline in U.S. coal production, the White House said. The actions are among steps the Biden administration is taking as the Democratic president moves to convert the U.S. economy to renewable energy such as wi

Centre to put up 50 Gw of renewable projects for bidding this year

Of this, at least one Gw would be wind energy

India to issue tenders for 250 GW of new renewable capacity by March 2028

Its renewable energy capacity, excluding big hydro and nuclear power, exceeds 122 GW, while non-fossil capacity currently stands at more than 175 GW, according to government data as of February 28

Andhra Pradesh can save over Rs 76,000 cr by retiring coal plants: Study

The findings are also significant in light of the recent Ministry of Power mandate requiring all new coal power plants to set up renewable energy capacity equivalent to 40% of the plant's capacity

Ukraine targets 50% of power from renewables to boost energy security

Shifting to green energy will allow decentralising electricity generation, reducing the vulnerability of the power system, and increasing the security of energy supplies, Galushchenko said

ReNew repays more than $1 billion to offshore bondholders in FY23

The company in a public statement said that over the past financial year, it had refinanced $525 million in the domestic markets ahead of the March 2024 maturity

NTPC Renewable Energy to supply 1,300 MW clean power to Greenko

State-owned NTPC Renewable Energy will supply 1,300 MW round-the-clock clean power to Greenko's upcoming green ammonia plant at Kakinada. NTPC Renewable Energy Ltd, a wholly-owned subsidiary of NTPC Green Energy Limited, has signed a term sheet with Greenko ZeroC Pvt Ltd (A Greenko Group company) on March 28, 2023, to supply 1,300 MW round-the-clock RE Power for powering Greenko's upcoming green ammonia plant at Kakinada, a statement said. The term sheet was signed in the presence of Mohit Bhargava, CEO (NTPC Renewable Energy Ltd), Anil Chalamalasetty, founder and MD, Greenko and other senior officials from NTPC REL, it stated. The agreement between the two companies is one of the world's single largest contracts for the supply of round-the-clock renewable supply for an industrial client, it noted. The term sheet was signed by Rajiv Gupta, Chief General Manager, NTPC Renewable Energy Ltd and Mahesh Kolli, founder and Joint MD, Greenko Group, at the NTPC office here.