Page 15 - Solar Energy

KKR-backed Virescent in final talks to acquire solar assets from Jakson

Global investment firm KKR-backed Virescent Renewable Energy Trust is in advanced stages of discussion to acquire 100MW solar assets from Jakson Group. The 100MW portfolio comprises three operational solar power projects in Uttar Pradesh and Rajasthan and has a power purchase agreement (PPA) with NTPC Vidyut Vyapar Nigam Ltd and Uttar Pradesh Power Corporation for 25 years. Headquartered in Mumbai, Virescent was established to acquire operating assets and leverage investment opportunities in the fast-growing renewable energy sector. Virescent is the only infrastructure trust (InvIT) in India in the renewable energy space, it said in a statement. Virescent completed the acquisition of one of the three projects -- 12.4 MW project at Lalitpur -- earlier this month. Jakson Group owns and operates around 200MW of solar portfolio across four projects. It had recently announced the commissioning of a 70MW project in Assam. It recently announced its new venture Jakson Green Pvt Ltd (JGPL

Wind energy has huge potential in India, to cost less by 2026: GWEC

The agency analyses the factors that can reduce the levelised cost of energy over the next few years.

India's solar, wind energy potential likely to dip due to climate change

Solar and wind potential in India are likely to face a negative trend in the future due to climate change, according to a new study by Pune-based Indian Institute of Tropical Meteorology. The researchers used state-of-the-art climate models devised by the Intergovernmental Panel on Climate Change (IPCC) to analyse the wind and solar projections for the renewable energy sector over the Indian subcontinent. The seasonal and annual wind speed is likely to decrease over North India and increase along South India. The southern coast of Odisha and the southern Indian states of Andhra Pradesh and Tamil Nadu show promising potential for wind energy in the climate change scenario, said the study titled 'Analysis of future wind and solar potential over India using climate models'. The study was published in the peer-reviewed journal Current Science recently. Regional analysis of wind potential indicates that the frequency of high energy producing wind speeds will decrease, whereas low energy

Solar-powered civilisation is the future, says Elon Musk in a tweet

Tesla and SpaceX CEO Elon Musk has said that civilisation will be mostly solar-powered in the future, a world without Sun will turn into a dark ice ball as the Earth gets all of its energy from it.

ReNew Power raises $1 billion through ECB for battery-enabled project

Gurgaon-based ReNew Power has raised a $1-billion project loan through external commercial borrowings, tying up with 12 international banks for the finance.

Torrent Power and Sembcorp Industries in race to buy Vector Green Energy

The transaction is expected to have an equity value of 30 billion rupees ($377 million) and an enterprise value of 50 billion rupees

Raj, Goa and Gujarat lead in placing govt trained solar panel technicians

Spending on research and training of solar panel technicians (suryamitras) was halved in 2022-23 compared to 2019-20

Hyderabad- based Greenko to offer energy storage through a cloud platform

Storage to be open access for any consumer to use, can own and invest in green energy projects

World energy crisis would be even worse without China's rainy season

Hydro is still China's biggest carbon-free energy resource, accounting for about as much power as solar, wind and nuclear combined, although growth has flattened as topography limits expansion

ReNew partners with UNEP, SEWA to train 1,000 women salt-pan workers

Under 'Project Surya' initiative, women salt-pan workers, who work in the challenging and extreme temperatures at Rann of Kutch marshes, will be trained as solar panel and solar-pump technicians

Tata Power Renewables set to get support from big investors: Ashish Khanna

In a Q&A Ashish Khanna, president, Tata Power Renewables talks about the road ahead for the company in the renewables space in India

World's first production-ready solar car to take the road later this year

The $263,000-priced Lightyear 0 model uses power derived from the sun to add as much as 70 kilometres (43 miles) of driving range per day

An inexhaustible solar power station in space? China may get one by 2028

China will launch a satellite in 2028 to test wireless power transmission technology from space to the ground

India's power crisis deepens as policy issues eclipse rooftop solar

A streamlined policy could have helped save coal reserves, cut emissions & averted embarrassment of dealing with frequent power crises

New round of solar PLI to have 3 schemes for different product categories

Plans to include highest corpus to polysilicon manufacturing

Tata Power, Tata Motors to develop 7MWp solar rooftop in passenger vehicles

The rooftop installation is collectively expected to generate 23 million units of electricity, mitigating 5.23 lakh tonne of carbon dioxide

Tata Power bags NHPC's solar project worth Rs 1,731 cr in Rajasthan

Tata Power Solar Systems on Monday said it has bagged 300 MW solar project worth Rs 1,731 crore from state-owned NHPC. "Tata Power Solar Systems, one of India's largest integrated solar companies and a wholly-owned subsidiary of Tata Power, bagged an order of 300 MW solar project worth Rs 1,731 crore, inclusive of tax from NHPC," a company statement said. According to the statement, the project site, located in Rajasthan, will be developed under the CPSU (Central Public Sector Undertaking) scheme of IREDA (Indian Renewable Energy Development Agency). The project, which is expected to be completed within 18 months, aims to reduce around 6,36,960 carbon emissions, and is expected to generate approximately 750 million units annually. Cells and modules made in India would be used in the project installation. Praveer Sinha, CEO & MD, Tata Power, said in the statement, "We are honoured to have won this significant project from NHPC. It underlines the industry's confidence in our ...

Indian, Danish business leaders discuss solar energy, green technologies

PM Modi jointly participated with Prime Minister of Denmark Mette Frederiksen, and Crown Prince Frederik of Denmark, in the India-Denmark Business Forum at the Confederation of Danish Industry

ReNew Power inks 5 PPAs to supply around 1500 MW solar energy

ReNew Power on Thursday said it has signed five power purchase agreements (PPAs) for the supply of around 1,500 MW electricity generated from solar plants. The company has signed PPAs with Solar Energy Corporation of India (SECI) and Punjab State Power Corporation Ltd (PSPCL), as well as multiple long-term purchase agreements with corporate buyers together totalling around 2 GW, a company statement said. This has seen the company's gross total portfolio jumping to 12.1 GW from 10.2 GW at the beginning of this calendar year. The new utility solar projects will be located in the western state of Rajasthan and have flat tariffs over 25 years. Four solar PPAs have been signed with SECI and one with PSPCL. Two PPAs of 600 MW and 375 MW are under the SECI Rajasthan IV scheme, where ReNew will supply electricity at Rs 2.18/kWh. The other two PPAs with SECI for 300 MW and 100 MW are under the SECI IX scheme and have a tariff of Rs 2.37/kWh. The ReNew recently acquired a beneficial inter

Palli creates history, becomes India's first 'carbon neutral panchayat'

Prime Minister Narendra Modi dedicated to the nation 500 KV solar plant, installed in a record time of nearly three weeks