Page 10 - Solar Power

Solar power investment set to surpass oil production spending this year

The growth in clean energy spending is driven by technologies including solar panels and electric vehicles that are key to cutting dependence on the use of oil, coal and natural gas

PTC inks pact with Brookfield Renewables to purchase 100 MW solar power

Power trading solutions provider PTC India on Tuesday said it has signed an agreement with Brookfield Renewables for purchase of 100 MW solar power on a long term basis. Brookfield Renewables is developing a 400 MW solar power project in Bikaner solar park in Rajasthan. "PTC India has executed a Memorandum of Understanding (MoU) with Brookfield Renewables for purchase of 100 MW solar power on a long-term basis," PTC India said in a release. The agreement includes an option to increase the power capacity to 200 MW at the time of project commissioning based on mutual confirmation by the two parties. PTC India will market the power to various utilities and commercial and industrial consumers. Under this arrangement, PTC India will provide Brookfield Renewables with an assured tariff and payment security. "This structure, executed with Brookfield is the first of its kind in the Indian power market... We will scale this structure and replicate it in multiple transactions going forwar

State-owned SJVN bags 200 MW solar project worth Rs 1,200 crore from GUVNL

State-owned SJVN Ltd on Wednesday said it has bagged a 200 MW solar project worth Rs 1,200 crore from Gujarat Urja Vikas Nigam Ltd (GUVNL). "The company has obtained 200 MW Grid Connected Solar Power Project in Khavda Solar Park through e-Reverse auction conducted by GUVNL, SJVN Ltd," Chairman and Managing Director (CMD) Nand Lal Sharma said in a statement. Bagged at a tariff of Rs 2.88 per unit, the project will be set on Build Own and Operate (BOO) basis. The tentative cost for development of this project shall be approximately Rs 1,200 crore, he added. The project is expected to generate 505 million units in the first year of commissioning and cumulative energy generation over a period of 25 years would be around 11,756 million units. "Commissioning of the project is expected to reduce 5,76,067 tonnes of carbon emission. With the allotment of this project, our solar & wind portfolio stands at 17,620 MW out of which 179.5 MW is under operation and the rest is under various ...

G7 ministers set ambitious new targets for solar and wind capacity

G7 ministers finish two days of meetings on climate, energy and environmental policy in the northern Japanese city of Sapporo on Sunday

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.

Reliance, Tatas, nine others get Rs 14,000-crore solar PLI approval

In India, no company manufactures polysilicon, which is raw material in solar equipment manufacturing

Sunnier days help solar projects improve their performance in FY23: Report

Longer sunnier days have ensured that the performance of solar power farms improved to 75 per cent in the current fiscal from 59 per cent in the year-ago period, according to a report. Rating agency Crisil has prepared the report based on the performance of 115 solar projects aggregating to 4.6 GW of power generation and those having an operational record of at least one full year. As per the report, 75 per cent of these projects reached P90 level of generation in the current financial year compared to only 59 per cent in the year-ago period. P90 generation estimate indicates generation that is likely to happen with 90 per cent confidence during the project's tenure annually. For example, a P90 value of 10,000 kWh for the annual output implies that it will generate over 10,000 kWh power for 90 per cent of the time. The performance on the P90 metric is crucial as it is used widely to estimate the cash flow cushion available for debt servicing. A project's future cash flow are estim

Tata Power Renewable Energy to set up 200 MW solar project in Maharashtra

Tata Power Renewable Energy Ltd (TPREL) on Tuesday said it has received a letter of award from MSEDCL to set up a 200 MW solar project in Solapur, Maharashtra. The letter of award has been received from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The project will be commissioned within 18 months from the PPA (Power Purchase Agreement) execution date. The project was awarded through competitive bidding, followed by a reverse e-auction, TPREL said in a statement. The installation will reduce around 432.94 million kg of CO2 emissions annually and will be one of the most substantial solar PV projects. "We have a current countrywide portfolio of more than 6.5 GW (gigawatt). This project will further strengthen our position as a leader in providing clean and reliable power in the state for years to come," Ashish Khanna, CEO of TPREL, said. TPREL is a wholly-owned subsidiary of Tata Power.

Andhra Global Investors Summit: Mukesh Ambani talks 10-Gw solar play

"I am happy to announce that we will continue our investments and we will invest in 10 Gw of renewable solar energy in AP," said Ambani.

PM Modi to launch key green energy initiatives at India Energy Week

Prime Minister Narendra Modi will inaugurate the mega G20 event, which will witness the record participation of more than 600 exhibitors from across the globe

RE company SolarArise sells portfolio to LSE-listed investment trust

Indian company has a portfolio of solar power projects in five states

Rajasthan govt encourages farmers to set up solar pumps to cut cost

Agriculture Commissioner Kanaram said farmers were subsidised up to 60 per cent of the cost of setting up a solar-energy pump

Punjab to install solar panels in all state govt buildings, says minister

This project will reduce the financial burden of the electricity bills of respective departments by approximately 40 to 50%

Why India needs to build a robust framework to facilitate energy transition

The investment buzz for the transition has begun but policy frameworks still lag the process

Waaree says will expand module manufacturing capacity to 12 GW by Mar 2023

Solar equipment maker Waaree on Tuesday said it will ramp up its module manufacturing capacity to 12 GW by March 2023 from the existing nine GW. Waaree, a leading solar panel manufacturer, currently, has a 9 GW module manufacturing facility operational. Further, the company is setting up additional module manufacturing capacity, which will take its module manufacturing capacity to 12 GW for a 650-watt module by March 2023, a company statement. This will be the largest module manufacturing capacity in the world outside China, it added. Waaree is the lone manufacturer in India approved by ALMM (Approved List of Models and Manufacturers) to ship high-wattage panels -- 650WP along with 600WP and 540WP -- from its manufacturing facilities in Surat, Chikhli, Tumb and Nandigram. With the addition of Indo solar, modules will be made at Greater Noida in NCR for the domestic market in Q3 of 2022, the company said. Waaree has emerged as the leading supplier of solar modules as per a report b

In waning coal belt of Ramgarh, solar saves day for women entrepreneurs

Ramgarh, Dec 16 (IANS/ 101 Reporters) Kanija Fatma (40) and her husband Riyamuddin Ansari work as tailors in minority-dominated Maganpur village in Ramgarh district of Jharkhand in eastern India

Solar energy generation capacity touches 16,000 Mw in Rajasthan

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

It's challenge to meet tariffs for wind power in India: Engie MD

Discoms not looking at signing agreement for procuring power at such high tariffs, says senior executive of French utility's unit

Net zero transition for $7 trillion

The world's decarbonisation journey will trigger a massive demand for investments

Zetwerk set for over $1-billion revenue in FY23 on China Plus One

Zetwerk's acquisition of Unimacts will provide the company with immediate access to marquee solar and wind-power customers