Page 4 - Solar Power Projects

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

'India's solar energy capacity jumped 33-fold in a decade': PM Modi

While addressing the inaugural International Solar Festival, Prime Minister Modi praised India's green energy progress and its status as the first G20 nation to meet Paris Agreement goals

India added 1.1 GW of rooftop solar capacity from January to June: Report

The report titled - 'India Rooftop Solar Market' - noted that in the second quarter of 2024, 731 MW of rooftop solar was installed, an 89 per cent jump year-on-year

Brick kiln workers in western UP begin transition to solar energy

Smoke swirls from brick kiln chimneys rise up lazily, clouding around sleek solar panels that reflect the monsoon skies above, the ancient and the very new melding easily across the flat lands of western Uttar Pradesh where solar energy is changing lives in ways big and small. The harsh summer of endless days of the sun beating down mercilessly has given way to rain and sullen clouds. But the stored solar energy in the panels continues to do its work, bringing down pollution in the traditional brick kiln industry and providing electricity, and digital connectivity, to villages in the area. Eight brick kilns in Aligarh district's Kodiaganj, Pilakhana and Akrabad have already made the pioneering shift from coal to solar panels to meet their electricity needs. It's a fraction of the district's 555 brick kilns according to a report by the UP Pollution Control Board but at least a beginning. Om Prakash Sharma, who owns a brick kiln, said the initial costs were steep at Rs 7 lakh but

'Scaling up not a challenge for us anymore' : Waaree Renewable Tech CFO

Order book at 2.1 GW for next 9-12 months, bidding pipeline at 15 GW for solar EPC major

About 151 GW green capacity under implementation in India: Pralhad Joshi

Renewable energy projects of about 151 GW capacity are under various stages of implementation in the country, Union Minister Pralhad Joshi has said. The Minister for New and Renewable Energy further said that around 76.42 GW of renewable energy capacity will be operationalized in next 3-4 years. "The government is taking several initiatives to prioritise renewable energy. Nearly 151 GW of renewable projects are being implemented, and 76.42 GW will be operationalized in 3-4 years," he said addressing a session at 'Mercom India Renewables Summit 2024' in the national capital on Friday. The tendering process for 76.42 GW capacity of projects has already been completed, the minister said. The renewable energy capacity has increased over 2.5 times from 76 GW in 2014 to more than 195 GW as of June 2024, Joshi said. The solar power capacity witnessed a steep jump from just 3 GW in 2014 to more than 85 GW now while wind power capacity increased from 21 GW to more than 46 GW, the minister