Page 13 - Solar Energy

Viraj Profiles with Avaada Energy to set up 100 MW solar plant in Maha

Stainless steel maker Viraj Profiles along with Avaada Energy will set up a 100 MW solar project in Tarapur, Maharashtra. The aim is to make the captive project operational by February 2024, Viraj Profiles said in a statement on Friday. The company did not disclose financial details of the project. According to industry estimates, an investment of about Rs 5 crore is required to set up every 1 MW of solar capacity. Once commissioned, the plant will generate about 207 million units of green energy per year, which will offset approximately 182 million kilos of CO2, the statement said. "Viraj Profiles along with Avaada Energy shall set up a special purpose vehicle (SPV) to build the 100 MW captive solar plant," it said. The power generated will be used for captive consumption by Viraj Profiles' stainless steel unit in Tarapur, reducing its dependence on conventional sources by 50 per cent.

Tata Power Renewable Energy signs PPA with TPDDL for 510 MW hybrid project

Tata Power Renewable Energy has signed an agreement with Tata Power Delhi Distribution Ltd (TPDDL) to supply electricity from its 510 MW solar-wind hybrid project, a statement said on Friday. It is one of the largest hybrid projects in the country with the capacity bifurcation of 170 MW solar & 340 MW wind power. The project will save an average of 1540 MUs (million units) of CO2 emissions annually for Tata Power-DDL, a joint venture between Tata Power and the Government of Delhi, that supplies electricity to a populace of over 7 million in North Delhi, the statement said. The power purchase agreement signed between Tata Power Renewable Energy Ltd and TPDDL has the capacity bifurcation of 170 MW solar and 340 MW wind power. Located in Karnataka, it is one of the largest hybrid projects in the country and will be commissioned within 24 months from the PPA execution date. Ashish Khanna, CEO, Tata Power Renewable Energy Ltd, said, Tata Power Renewable has signed one of the largest .

Amplus Solar to set up 200 MWp wind, solar hybrid project at Tuticorin

Clean energy solutions provider Amplus Solar on Friday announced an association with EverRenew, an NTC group company, to set up a 200 MWp open-access solar power plant at Tuticorin, in Tamil Nadu. The 200MWp plant is expected to generate approximately 450 million units of green electricity in the first year of its operation itself, a company statement stated. The wind-solar hybrid plant in Tamil Nadu is Amplus' second open-access project in the state, it said. "We are happy to set up our first wind and solar hybrid with an experienced partner, EverRenew, in the state. "Wind-solar hybrids have vast potential in enhancing grid stability, and we look forward to setting up more such projects across the country in the coming years," Sharad Pungalia, MD and CEO of Amplus Solar, said. The hybrid plant will combine the power from co-located solar panels and wind turbines to produce an uninterrupted supply of green energy for commercial and industrial consumers in the state. Amplus Solar

Reliance to set up 10 gigawatt solar energy project in Andhra: Ambani

Reliance Industries Chairman Mukesh Ambani on Friday said his group will be investing in Andhra Pradesh to set up a 10 gigawatt renewable solar energy project. Speaking at the inaugural session of the two-day Global Investors Summit 2023 here, Ambani said under the determined and farsighted leadership of Prime Minister Narendra Modi, India has now become the fastest growing economy in the world. Similarly, Andhra Pradesh has grown phenomenally under the leadership of Chief Minister YS Jagan Mohan Reddy. "This morning, I am happy to announce that we will continue our investments and we will invest in 10 GW of renewable solar energy in the state of Andhra Pradesh, Ambani said. He further said Reliance has invested over Rs 1.50 lakh crore in its KG D-6 assets, developing and supporting gas pipelines. Today the natural gas produced by Reliance in KG D-6 basin was fuelling the country's clean energy transition and will contribute to nearly 30 per cent of its gas production. "This is

Global CO2 emissions rose less than initially feared in 2022: IEA

Global energy-related carbon dioxide emissions rose by under one per cent in 2022 -- less than initially feared -- as the growth of solar, wind, EVs, heat pumps and energy efficiency

Andhra Pradesh govt expects investors' meet to power green boom

Sitting on potential RE of 44 Gw of wind and 38 Gw of solar energy

Domestic solar capacity addition grows 27% in 2022: Mercom report

Solar capacity installations in India increased by 27 per cent to 13 gigawatts (GW) during the calendar year 2022, according to a Mercom India report. "Solar capacity made up 82 per cent of the total 16 GW new power generation capacities added in 2022," the report titled 'Mercom India Solar Market Update' said. India added 13 gigawatts (GW) of solar capacity in the calendar year (CY) 2022, a 27 per cent increase year-on-year (y-o-y) compared to 10.2 GW installed in CY 2021, it added. The country's cumulative installed solar capacity now stands at 63 GW, the report said. During 2022, large-scale solar projects accounted for 87 per cent of the installations. However, in October-December 2022, India added 2.6 GW of solar, down 5 per cent from 2.8 GW a year ago, it said. India's large-scale solar project pipeline stood at 58 GW, with another 51 GW of projects tendered and pending auction at the end of 2022. "Though impressive, record solar capacity additions in 2022 were barely half

Rooftop solar for poverty alleviation

Currently, the rooftop-subsidy programmes run by the Ministry of New and Renewable Energy require consumers to bear about 60 per cent of the costs

EAM Jaishankar meets El Salvador Foreign Minister Alexandra Hill Tinoco

External Affairs Minister S Jaishankar on Friday held talks with his visiting counterpart from El Salvador Alexandra Hill Tinoco and discussed cooperation in areas of health, solar energy, capacity building and commerce. In the talks, Jaishankar welcomed El Salvador's support for India's bid for a permanent membership of the UN Security Council. "Delighted to meet FM @CancillerAleHT of El Salvador today afternoon in New Delhi. Discussed health cooperation, solar activities, capacity building and expanding commerce. Welcomed support for our UNSC candidature. Look forward to closer engagement with SICA," Jaishankar tweeted. The Central American Integration System (SICA) is an institutional framework of regional integration in Central America. It was created by Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.

India's non-fossil power generation touches 174 GW in 2022: R K Singh

India's non-fossil fuel-based power generation capacity was at 174.53 gigawatt (GW) at the end of December 31, 2022, Parliament was informed on Tuesday. The country's total power generation capacity, including 235.81 GW from the thermal base, was at 410 GW at the end of 2022, Minister for Power, New and Renewable Energy R K Singh said in a written reply to the Rajya Sabha. "So far, a total of 174.53 GW power generation capacity from non-fossil fuel-based energy resources has been installed in the country as on 31.12.2022," he said. The capacity includes 63.30 GW solar power, 46.85 GW large hydro, 41.93 GW wind power, 10.73 GW bio power, 4.94 GW small hydro power and 6.78 GW nuclear power. In another reply, the minister said 2,97,609 million units (MU) energy from various sources of renewable energy in the April-December period of 2022-23. At 1,37,903 MU, large hydro projects alone contributed 46.3 per cent to the total renewable energy generation during the said period, followed b

Kinetic to start producing electric version of Luna at Ahmednagar plant

Company set ups dedicated production line with an initial capacity of 5,000 sets per month

Punjab sanctions Rs 60 crore for solar power energy system

Punjab govt has sanctioned Rs 60.50 cr to install solar power energy system for rural piped water supply schemes in the state, saving an electricity expenditure of Rs 8-9 cr per year, a minister said

Solar energy generation capacity touches 16,000 Mw in Rajasthan

There is a 925-Mw park and a 750-Mw park in Jaisalmer district

India's sunshine village

The solarisation of Modhera in Gujarat demonstrates the transformational possibilities of solar power

Adani Green announces raising JPY denominated facility to refinance debt

Facility supported by MUFG Bank and Sumitomo Mitsui Banking Corporation with equal participation

India's open access solar capacity grows 91% to 596 MW in Jul-Sep: Report

Installation of open access solar capacity in India increased by 91 per cent to 596 megawatt (MW) during the July-September period, according to Mercom Research India. India added 312 MW of solar open access capacity in the same period a year ago, the research firm said in a report on Thursday. Solar power through open access is an arrangement where a power producer establishes a solar power plant to supply green energy to consumers. In the first nine months (9M) of 2022, India added about 1.9 gigawatts (GW) of open access solar, an increase of 96 per cent from the 956 megawatts (MW) installed in January-September of 2021, the report titled 'Mercom India Solar Open Access Market Report Q3 2022' said. According to the report, as of September 2022, the total installed solar capacity in the open access segment was over 7 GW, and the pipeline of projects under development and pre-construction phase is over 5 GW. "The demand by corporates for solar under the open access route has been

India's electricity shortage erased by growth of renewable energy: Analysis

There was no repeat of the widespread blackouts which plagued many parts of India in late September and early October last year when coal-fired power plants ran short of fuel

Indian govt wants solar manufacturers to bid for $2.4 billion in aid

The state-run Solar Energy Corp. of India is seeking bids from solar manufacturers for 195 billion rupees of financial incentives, according to documents published on the agency's website

Aim to source 70% power requirement from solar energy in FY24: ABD

Allied Blenders and Distillers (ABD) on Wednesday said it plans to source 70 per cent of its power consumption from solar energy in the next financial year. In FY22, ABD's units consumed approximately 27 lakh units of electricity from local electricity boards. "Allied Blenders and Distillers (ABD) Ltd, India's largest domestic alcobev company, announced that it is aiming to replace 70 per cent of the power with renewable solar power in the next financial year (FY'24)," a company statement said. To achieve, this ABD is installing solar power plants in seven of its units. Total installed capacity of these plants will be 1,400 KW. Environmental, Social and Governance (ESG) is to take steps to make a difference for the business and the world. The Government of India and respective states are taking several initiatives for cleaner energy and this initiative addresses a similar thinking, it added. Shekhar Ramamurthy, Executive Deputy Chairman, ABD, said, "We have instilled ESG at the he

NaBFID likely to make first fund commitment this financial year, says MD

It is looking at projects in transmission, energy, solar power and roads; is also eyeing a retail bond issuance