Page 3 - Solar Power Projects

BC Jindal Group's JIRE secures 300-MW solar power project from SJVN

BC Jindal Group's renewable energy arm JIRE on Monday said it has secured a 300-MW solar energy project from SJVN Ltd. The project is part of SJVN's 1,200-MW inter-state transmission system-connected solar power projects tender, which also includes 600 MW/2400 MW of battery energy storage systems (BESS), according to a statement. Jindal India Renewable Energy (JIRE) won the 300-MW solar-plus-storage project at a tariff of Rs 3.32/kWh, the company said, adding that he project will be developed on a build-own-operate basis. The greenfield project must be completed within 24 months from the signing of the power purchase agreement (PPA). A spokesperson of JIRE said in the statement, "We remain focused on expanding our capacity to 5 GW in the coming years across solar, wind, hybrid, RTC, and FDRE platforms." SJVN, a public sector Navratna company, will enter into an agreement with JIRE for 25 years to purchase solar power and sell it to state utilities and others. As part of the contr

Reliance NU Energies secures 350 MW solar power project from SJVN

Reliance Power on Monday said its arm Reliance NU Energies has secured 350 MW solar project with a 175 MW/700 MWh of battery energy storage system (BESS) from SJVN Ltd. The BESS, integrated with the solar project, will provide a backup power supply of 175 MWh for four hours. The winning tariff was set at Rs 3.33/kWh, fixed for 25 years, positioning the project among the most competitively priced offerings in India's energy transition landscape, a company statement said. Reliance Power Ltd (Reliance Power) subsidiary Reliance NU Energies Private Ltd (Reliance NU Energies), wins the largest allocation in SJVN's tariff-based competitive bidding process, securing an allocation of 350 MW of solar power generation capacity coupled with 175 MW/700 MWh of BESS, according to the statement. Once commissioned, the platform will add 600 MWp of installed solar PV capacity and 700 MWh of energy storage to Reliance Power's portfolio, consolidating its leadership in new energy solutions. With th

UP govt signs MoUs to boost solar push, targets 500 GW green energy by 2030

The Uttar Pradesh government is advancing policy-driven efforts to accelerate green revolution in the state and has signed initial agreements with the Smart Energy Council of Australia and the Hinduja Group. The government has set an ambitious target to generate 500 gigawatts of solar energy by 2030, an official statement said. With a vision to transform Uttar Pradesh, especially regions like Bundelkhand, Vindhya, and adjoining areas, into a hub for solar energy, the government is taking policy-driven efforts, it added. "The state recently signed a Memorandum of Understanding (MoU) with the Smart Energy Council of Australia and the Hinduja Group in a significant move. The government has set an ambitious target to generate 500 gigawatts of solar energy by 2030," it said. The government also noted that as solar capacity expands, so will local employment -- from panel manufacturing to installation, maintenance, grid integration, and transmission. The government has launched the Solar

India surpasses Germany as 3rd-largest wind, solar power generator: Report

India became the world's third-largest producer of electricity from wind and solar energy in 2024, overtaking Germany, to according to a new report published on Tuesday. The sixth edition of global energy think tank Ember's Global Electricity Review said wind and solar together generated 15 per cent of global electricity last year. India's share stood at 10 per cent. The report said low-carbon sources, including renewables and nuclear power, together provided 40.9 per cent of the world's electricity in 2024. This is the first time the 40 per cent mark has been crossed since the 1940s. In India, clean sources accounted for 22 per cent of the electricity generation. Hydropower contributed the most at 8 per cent, while wind and solar together accounted for 10 per cent. Globally, renewables led the growth in clean electricity, adding a record 858 terawatt hours (TWh) in 2024 -- 49 per cent more than the previous record in 2022. Solar was the largest source of new electricity for the t

Waaree Renewable Tech secures new solar project worth Rs 232 crore

Waaree Renewable Technologies Ltd on Wednesday said it has secured a new solar project worth Rs 232.30 crore from a domestic entity. The 170 MW solar power project will be executed on a turnkey basis, covering comprehensive Engineering, Procurement, and Construction (EPC) services, along with long-term Operation & Maintenance (O&M), Waaree Renewable Technologies Ltd (WRTL) said in a statement. WRTL has received a Letter of Award (LOA) for the execution of a ground-mounted solar power project with an installed capacity of 170 MW AC/255 MW DC, it said. The project will contribute significantly to carbon offset efforts, reducing an estimated 225,000 metric tonnes of CO2 emissions annually which is equivalent to removing nearly 50,000 fossil fuel-powered cars from the roads each year. WRTL is a subsidiary company of Waaree Group which has completed 10,000 solar projects with cumulative installation done for over 1.82 GW.

BluSmart not for sale; its total debt at all-time low: Anmol Jaggi

Jaggi elaborates on financing plans, the issues under investigation, and the way forward

Solar flare: How simple fixes can turn PMSGMBY into a game changer

With summers growing hotter, there is an urgent need for India to lower its dependence on thermal power

Study projects loss in India's solar power potential due to air pollution

India's capacity to generate solar power could fall by 600-800 gigawatt-hour before mid-century due to air pollution and climate change, a study has projected. The researchers from the Indian Institute of Technology (IIT), Delhi, found that northern, western and southern power grids -- where most solar parks are currently located -- will experience significant challenges in maintaining performance due to climate change. Pollutants in the air can absorb and scatter sunlight, thereby lowering the intensity of the sun's radiation reaching the earth's surface. Further, generating solar power relies heavily on weather and climate, and is, therefore, vulnerable to the effects of climate change. The findings, published in the journal Environmental Research Letters, "highlight the need for combined climate and pollution mitigation efforts to boost India's photovoltaic potential and secure a sustainable, resilient energy future". Despite being endowed with abundant solar resources -- India

ACME Solar plans Rs 17,000 crore capex for hybrid renewables in FY26

ACME Solar on Sunday said it has planned an investment of Rs 17,000 crore on capital expenditure in FY26 with a focus on hybrid and round-the-clock renewable capacities. The company is also evaluating entry in nuclear energy segment, though these plans are at a drawing board level, ACME Solar said in a statement. ACME Solar Holdings plans to invest Rs 17,000 crore to boost renewable energy capacity to 5 GigaWatts by 2027. As a broader strategy, ACME Solar aims to treble its current renewable capacity to reach 7 GW by 2028, according to the statement. "We intend to focus our new capacities on the revenue and margin accretive hybrid and FDRE (Firm and Dispatchable Renewable Energy) projects as a critical pivot in our business strategy," CEO Nikhil Dhingra said. Renewable energy projects integrated with energy storage systems are referred as FDRE projects. Such projects ensure round-the-clock supply of green power, addressing challenges related to variable RE production. Dhingra furt

Emmvee Energy to invest Rs 15,000 cr in K'taka for solar manufacturing unit

Emmvee Energy, a manufacturer of high-quality solar photovoltaic panels and modules, announced plans to invest Rs 15,000 crore in a phased manner to establish a manufacturing plant, Karnataka's Minister for Large and Medium Industries, M B Patil, said on Thursday. He made this announcement after senior company representatives met him at Vidhana Soudha. The minister noted that the investment is part of the proposals for which a Memorandum of Understanding was signed during the recently concluded Global Investors Meet (GIM)Invest Karnataka 2025. According to the minister, Emmvee Energy will initially invest Rs 5,000 crore to set up a facility with a 5 GW power generation capacity, creating 10,000 jobs, his office said in a release. The company has requested 120 acres of land in the Bengaluru IT Investment Region (ITIR) for the project. The government will facilitate this request after due consideration, Patil added. Emmvee Energy is a key player in manufacturing essential components

Uttar Pradesh govt approves solar power projects worth Rs 10,000 crore

The UP New and Renewable Energy Development Agency (UPNEDA) has picked the two companies to develop three solar power projects, which are expected to become operational by December 2025

BPCL begins Rs 6,100 cr pre-project activities on Andhra refinery

Bharat Petroleum Corporation Limited announced two major energy projects in both traditional and renewable energy sectors

Renewable energy financing soars 63% in 2023, solar leads the charge

Solar power projects dominated the renewable energy deals in 2023, accounting for 49 per cent of the total, followed by hybrid projects at 46 per cent and wind energy at 6 per cent

Sembcorp Green bags 150 MW solar project with 300 MWh energy storage

Sembcorp Industries on Wednesday said its arm Sembcorp Green Infra has secured a 150 MW solar project coupled with a 300 MWh Battery Energy Storage System (BESS) from Solar Energy Corporation of India Ltd (SECI). The build-own-operate Project is part of a bid for 2GW Inter-state Transmission System (ISTS)-connected solar power projects with 4GWh of BESS, issued by SECI, a company statement said. Sembcorp Industries (Sembcorp), through its wholly-owned renewables subsidiary Sembcorp Green Infra Private Ltd (SGIPL), has received the Letter of Award (LOA) for a 150 MW solar photovoltaic project coupled with a BESS of 300MWh (the project) from Solar Energy Corporation of India Ltd (SECI), according to the statement. Subject to the execution of a Power Purchase Agreement (PPA) and upon completion of the Project, the BESS will provide on-demand power to support daily peak electricity for four hours, over a 25-year period. The project is expected to be ready for commercial operation withi

Sembcorp Industries bags 300MW wind-solar hybrid project from NTPC

Sembcorp Industries on Wednesday said it has secured a 300 MW wind-solar hybrid project through its arm Sembcorp Green Infra from NTPC Ltd. The build-own-operate project is part of a 1.2GW bid issued by NTPC, a state-owned power giant, a company statement said. Sembcorp Industries (Sembcorp), through its wholly-owned renewables subsidiary Sembcorp Green Infra Pvt Ltd, has received the Letter of Award (LOA) for a 300MW Inter-State Transmission System (ISTS) connected wind-solar hybrid power project (the Project) from NTPC Ltd, according to the statement. Subject to the execution of a power purchase agreement (PPA) and upon completion of the project, power output from the project will be sold to NTPC under a 25-year long-term PPA, it stated. The project is expected to be ready for commercial operation within 24 months from the date of signing the PPA and will be funded through a mixture of internal funds and debt, the company informed. With a secured capacity of close to 2GW from .

Waaree Renewable Tech Q2 results: Net profit nearly triples to Rs 53 cr

Waaree Renewable Technologies Ltd's (WRTL) consolidated net profit nearly tripled to Rs 53.51 crore during the September quarter, backed by higher income. It had posted Rs 20.54 crore net profit for the same quarter a year ago, the company said in an exchange filing on Tuesday. Total income rose to Rs 527.86 crore from Rs 150.93 crore.

Pralhad Joshi stresses on increasing solar projects efficiency, reduce cost

Union Minister Pralhad Joshi on Tuesday stressed increasing the efficiency of solar projects, reducing cost and developing energy storage solutions. Addressing a conference of the International Solar Alliance, Joshi urged stakeholders to focus on integration with smart technologies and noted that the growth of the solar industry would boost economic development. Joshi who is also President of the 120-nation grouping, said, "Let me give you five reasons why platforms like these matter. It is because the best brains of the business assemble to hold discussions for increased efficiency, cost reduction, energy storage solutions, integration with smart technologies and economic growth and job creation." The session was held alongside the 7th General Assembly of the International Solar Alliance and attended by international delegates. The growth of the solar industry boosts economic development by creating jobs in manufacturing, installation, and maintenance of solar systems, Joshi said,

Sembcorp industries bags 150 MW wind-solar hybrid project by subsidiary

Singapore-based Sembcorp Industries on Thursday said it has secured a 150 MW wind-solar hybrid project through its arm Sembcorp Green Infra Private Ltd. The build-own-operate project is part of a 600 MW bid issued by SECI. Sembcorp Industries (Sembcorp), through its wholly-owned renewables subsidiary Sembcorp Green Infra Private Ltd, has received the Letter of Award (LOA) for a 150MW Inter State Transmission System (ISTS) connected wind-solar hybrid power project (the Project) from Solar Energy Corporation of India Ltd (SECI), according to a company statement. The power generated from this project will be sold to SECI under a long-term power purchase agreement (PPA) lasting 25 years. This is, however, subject to the execution of the PPA and upon completion of the project, the statement said. The Project is expected to be ready for commercial operation within 24 months from the date of signing the PPA and will be funded through a mixture of internal funds and debt. With this award,

Ireda gets govt approval to raise up to Rs 4,500 crore via QIP route

State-owned Indian Renewable Energy Development Agency (IREDA) said it has received the government's approval to raise up to Rs 4,500 crore through an issue of equity shares to qualified institutions placement. The approval was granted by the Department of Investment and Public Asset Management (DIPAM) based on the recommendations of a high-level committee, a company statement said. According to the statement, the fundraising will be carried out through the Qualified Institutions Placement (QIP) route, with a planned dilution of the Government of India's shareholding in IREDA by up to 7 per cent on a post-issue basis, to be executed in one or more tranches. The fundraising exercise aims to strengthen IREDA's capital base, enabling the organisation to scale its financing for renewable energy projects and further accelerate India's transition to clean energy. "DIPAM approval represents a critical step forward in our expansion plans," Pradip Kumar Das, Chairman and Managing Director o

Green investments set to add spark to Tata Power, but challenges remain

This underlines Tata Power's ambitions to lead India's renewable energy or RE transition