Page 15 - Solar Power

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

UP health centres to have solar-powered fridges to keep Covid vaccines safe

A student from an engineering college in Uttar Pradesh's Kanpur has built a solar energy-run refrigerator which can be used to safeguard and prevent wastage of Covid-19 vaccines

India to fall short of 2022 target of solar capacity by 27%: Report

India is projected to fall "well short" of its target for 2022 of having 100 GW of installed solar capacity, largely due to slow uptake of rooftop solar, a new report by JMK Research and IEEFA said

Tax clouds over solar power: Still a long way for the sun to shine in India

Import duties on modules and cells from April 1 will add to the regulations and legacy issues confronting solar power developers

TN plans 20,000 MW solar plants at a cost of Rs 70K crore by 2030

Tamil Nadu Generation and Distribution Corporation (Tangedco) is planning to install solar power plants of 20,000 MW capacity at an cost of Rs 70,000 crore by 2030.

India adds record 1,700 megawatt rooftop solar capacity in 2021: Mercom

India installed a record 1,700 megawatt (MW) of rooftop solar capacity in 2021, registering a 136 per cent year-on-year rise, according to a Mercom India Research report.

National Portal to assist households to set up solar systems on their roofs

The portal would be a one-stop destination for residential consumers to register, install or hire a vendor to install a rooftop solar power system (RTS)

ReNew Power sells its rooftop solar portfolio to Fourth Partner Energy

Deal valued at Rs 672 crore. Fourth Partner Energy is backed by TPG and Norfund.

Artha Energy launches Fintech platform for investing in Renewable assets

Firm says this is first such fintech platform for HNIs to own and invest in renewable assets; the facility already has assets worth Rs 7 crore which includes four projects

North Central Railway generates 94 lakh units of energy using solar power

The productivity of solar plants in North Central Railway (NCR) is registering an upward trajectory by generating 94 lakh units of energy.According to the information given by North Central Railway, comparing to generated 81 lakh units of energy using solar power during April-December 2020-21, this year 94 lakhs units of energy have been generated using solar power in the same period, an improvement of 16 per cent over last year.It is a big leap towards a larger goal of environmental protection as solar energy is a greener source of energy, and also led to substantial savings in revenue too.The official statement read that NCR has achieved a net revenue saving of 3.82 crores using solar power during April-December 2021.As per the information, NCR has a total installed capacity of 11.03 MWp. While 120 kWp has been installed by the Railway, the remaining 10882.34 kWp capacity has been installed by two major Solar Power Developers (SPD) Azure and ReNew on a PPP basis.Among the major ...

Haryana is leading state in solar pumps installation: Manohar Lal Khattar

Khattar provided solar pumps to the farmers during an inauguration programme held through videoconferencing from Chandigarh

Solar open access installation rises 2-fold to 307 MW in July-Sept: Report

Maharashtra, Gujarat and Karnataka accounted for 11 per cent, 10 per cent, and 7 per cent of the installations

Bring home the power of the sun and save big on electricity bills

Though expensive initially, rooftop solar installations usually pay for themselves in seven years max. Any power that they generate after that is free for the next 18 years

India's solar capacity addition jumps over three-fold to 7.4 GW in Jan-Sep

The solar energy generation capacity addition rose 335 per cent to 7.4 GW in the January-September period this year from 1.73 GW a year ago, said Mercom India Research

Solar projects of 107 GW either installed or under implementation: Minister

Solar energy generation projects totalling 107.46 GW are either installed or under various stages of implementation or tendering, Parliament was informed on Tuesday. India had set a target of having 100 GW of solar energy by 2022. "... a total of 107.46 GW solar energy capacity has either been installed or under various stages of implementation or tendering," Power and New & Renewable Energy R K Singh said in a written reply to the Rajya Sabha. The minister informed the House that a total of 46.25 GW of grid connected solar energy capacity has been installed in the country as of October 31, 2021. Further, a total of 36.65 GW capacity is under various stages of implementation and 24.56 GW capacity has been tendered. He also told the House that 7,555.16 MW of renewable energy capacity has been added during the current fiscal till October 31, 2021. India has added renewable energy capacity of 7,866.13 MW in 2020-21 and 9,061.26 MW in 2019-20. In a separate reply to the House, the ..

Tata group likely to set up Tamil Nadu solar cell plant, invest Rs 3,000 cr

State seeks to have 25 GW of renewable energy capacity by 2030, become investment destination in sector.

Glasgow COP26: Riding on 450 GW, India to ask for more carbon space

Fissures between developed and developing world expected to widen

India, UK to launch solar Green Grids Initiative at COP26 climate summit

India and the UK are set to enhance their International Solar Alliance (ISA) partnership with the launch of a new Green Grids Initiative connecting different parts of the world

Solar power tariffs may rise next fiscal on increased taxes, says report

The government recently increased GST on critical components of a solar project such as photovoltaic cells and modules from 5 per cent to 12 per cent with effect from the beginning of this month.

India most cost-effective globally in rooftop solar power: Report

Rooftop solar photovoltaics account for 40 per cent of the global solar photovoltaics installed capacity and one-fourth of the total renewable capacity additions.