Page 5 - Solar Power

Waaree Renewable Technologies receives Rs 90 cr solar power project

Waaree Renewable Technologies on Monday said it has received a Rs 90-crore solar power project to be developed on a turnkey basis. The project is scheduled to be completed in ongoing financial year 2024-25, Waaree Renewable Technologies Ltd (WAAREERTL) said in an exchange filing. "WAAREERTL has received a Letter of Award (LOA) for the execution of Engineering, Procurement and Construction works for solar power project of 30 MW DC capacity on turnkey basis," it said. The order values Rs 90.29 crore excluding taxes, it added. The company did not disclose the name of the entity that awarded the project.

Rajasthan govt aims to produce 30 Gw of solar power by the end of FY25

Recently, the government approved land for four major solar projects to make the state a leader in energy self-sufficiency

Rajasthan plans 30 Gw solar power by FY25-end; aims to become self-reliant

Rajasthan is one of the leading states in the country in solar energy production, with an estimated output of 142 Gw

Jakson Green inks pact with NHPC for supply of 400 MW solar power

New energy transition platform Jakson Green on Wednesday said it has inked a pact with state-owned NHPC for the supply of 400 MW solar power. Jakson Green has signed its first Power Purchase Agreement (PPA) with NHPC Ltd, a company statement said. This agreement marks a significant milestone for Jakson Green, solidifying its position as a fast-growing Independent Power Producer (IPP) with a total portfolio of 1 GW under development, the statement added. "We are thrilled to embark on this agreement with NHPC, the first of many more to come. This 400 MW PPA, our largest to date, with NHPC is a monumental achievement for Jakson Green," Kannan Krishnan, Joint Managing Director, Jakson Green Pvt Ltd said. This new project will be located in Rajasthan and connected to the central grid, with an expected clean energy generation sufficient to power around four lakh households annually. Contributing to the elimination of nearly 752,000 MT/year of CO2 emissions, the project will also create

Parlous state of Indian refining segment threatens clean energy projects

Govt-run refiners may not be able to aggressively invest in clean energy projects as they stare at a rough road amid dwindling margins, volatile crude prices, shrinking discounts on Russian oil buys

IIT-Jodhpur develops special adaptor to charge EVs using solar panels

IIT-Jodhpur has developed a special adaptor that will allow users to charge their electric vehicles using solar power. Prime Minister Narendra Modi in February said his government was aiming to create a system in which people can recharge their electric vehicles from the power they generate from rooftop solar systems. The adaptor, likely to be priced below Rs 1,000, could prove to be very effective if the solar panel initiative is a success, Nishant Kumar, Assistant Professor at the Electrical Engineering Department at IIT Jodhpur said. People are increasingly looking towards buying EVs and currently, the government is also providing subsidies for them, Kumar said. "On one side, our charging adaptor will be connected to the solar panel and on the other, to the charger provided by the company. It includes two points that will supply power according to the requirement," Kumar said. Currently, extracting maximum power from a solar panel without a power converter is challenging and a

India to spend up to $385 bn to meet renewable energy target: Moody's

India, a major greenhouse gas emitter, has said it aims to ramp up non-fossil fuel capacity set by 50 GW each year to help meet its 500 GW target.

SJVN's 900 MW project in Nepal to start power generation from 2025: CMD

SJVN expects its under-construction 900 MW Arun-3 hydro-electric project in Nepal to start power generation from next year as nearly three-fourths of work has been completed, its chairman and managing director Sushil Sharma said on Tuesday. Nepal Prime Minister Pushpa Kamal Dahal triggered the last blast to mark the completion of heading excavation 11.8 km long head race tunnel of 900 MW Arun- 3 Hydro Electric Project in Sankhuwasabha district of Nepal, SJVN said in a statement. SJVN is constructing the multi-crore Arun 3 Hydro Electric Project in Nepal. More than 74 per cent of the project works have already been completed and the remaining works are going on in full swing. The project will start generation by next year and has the potential to generate 3924 million units of electricity every year, Sharma said in the statement.

SJVN Q4 results: Consolidated net profit jump two-fold to Rs 61.08 crore

State-owned SJVN has reported over two-fold jump in consolidated profit to Rs 61.08 crore during the March quarter, on account of exceptional gains. The company reported a consolidated net profit of Rs 17.21 crore in the year-ago period, a BSE filing showed. The financial results of the company showed an exception gains of Rs 103.84 crore during the quarter. However, total income of the company dipped to Rs 573.23 crore in the quarter from Rs 582.78 crore in the same period a year ago. The consolidated net profit of the company in 2023-24 was at Rs 911.44 crore from Rs 1,359.30 crore in year ago. Total income in the fiscal also increased to Rs 2,876.96 crore from Rs 3,282.50 crore in 2022-23. The board of directors also approved a final dividend of Rs 0.65 per equity share for the 2023-24 fiscal year, subject to the approval of shareholders in the ensuing annual general meeting. The final dividend is in addition to the interim dividend of Rs 1.15 per equity share for FY24 declar

Severe solar storm brings dazzling Aurora, threatens to trigger blackouts

The last time a storm this strong struck Earth was in October 2003, which caused power outages in Sweden and damaged transformers in South Africa

Tata Power plans 66% higher capex at Rs 20k cr in FY25; to spend 50% on RE

Tata Power has planned a 66 per cent higher capital expenditure of Rs 20,000 crore in this fiscal compared to a year ago, which will mainly focus on projects supporting energy transition and India's net-zero emission target by 2070. During the year ended March 2024, the capex (capital expenditure) was around Rs 12,000 crore, the company's CEO Praveer Sinha said during a post earnings conference call. "This year we are targeting to spend around Rs 20,000 crore," he said in reply to a question on company's planned capex. Sharing the breakup of the investment plant, Sinha said about 50 per cent will be on renewables (projects). The remaining will be mix of transmission, distribution and conventional projects. The company will fund the capex through internal accruals and some debt, Sinha said. Tata Power on Wednesday posted an 11 per cent rise in its consolidated net profit to Rs 1,046 crore in the March 2024 quarter compared to the year-ago period, mainly on the back of higher ...

This SME stock has surged 100% in 1 month; zoomed 330% against IPO price

Shares of KP Green Energy (KPGE) locked in upper circuit for the fourth straight day, up 5 per cent at Rs 619.85 on the BSE on Tuesday at 12:50 pm; in otherwise a weak market.

Tech, human resource needed from China to kickstart solar PLI: Indosol

Indosol Solar Private Limited (ISPL) is an SPV formed by Shirdi Sai Electricals Limited (SSEL), which is a Telangana-based power equipment manufacturer

Gujarat Toolroom buys 65 acre land for Rs 570 crore hybrid energy project

Gujarat Toolroom on Thursday said it has acquired a 65-acre land parcel in Gujarat to set up a green energy project at an investment of Rs 572 crore. "Upon completion, the Hybrid Power Plant aims to contribute 97.5 megawatts of clean and sustainable electricity to the grid, the company said in an exchange filing. The company said it aims to set up the plant in 3-5 years. The company has acquired 65 acres of land on long-term lease in Gujarat for the establishment of Green Energy Hybrid Power Plant Project worth Rs 5.72 billion, it said. While 60 acres of the acquired land will be dedicated to the installation of solar panels, the remaining will be utlised for essential power management infrastructure, including transformer stations and high-voltage line terminals. The land layout plan includes provisions for the placement of 15 on-shore wind turbines. Each turbine is expected to produce 2.5 megawatts of power per hour. Ahmedabad-based Gujarat Toolroom is into manufacturing and ...

Microsoft, Brookfield to partner to develop new wind, solar farms

The agreement provides a pathway for Brookfield to deliver the new renewable energy capacity between 2026 and 2030 in the U.S. and Europe, a Microsoft spokesperson told Reuters

'At least $12 trn needed for tripling renewable energy capacity by 2030'

At least USD 12 trillion is required to create new infrastructure over the next six years for tripling global renewable energy capacity by 2030, COP28 President Sultan Al Jaber said on Friday. Addressing the annual Petersberg Climate Dialogue, Al Jaber said the energy transition will not happen without significant investment and a level-up in climate finance. He said the four key priorities to level up climate finance are infrastructure, technology, people and the Global South. "On infrastructure, we need to invest at least USD 6 trillion over the next six years to meet our 2030 target of 11TW of renewable energy capacity. And we need to spend a similar amount to upgrade outdated or non-existent grids," the COP28 president said. World leaders reached a historic agreement at COP28 in Dubai last year to triple global renewable energy capacity by 2030. According to the International Energy Agency, tripling global renewable energy capacity and doubling energy efficiency is crucial to

Amara Raja Infra bags 500 MW solar project from Greenko in Andhra Pradesh

Amara Raja Infra Pvt Ltd on Friday said it has secured a 700 MWp solar project from Greenko in Andhra Pradesh. With the latest win, the order book of Amara Raja Infra Private Limited (ARIPL) stands at Rs 1,516 crore at the end of FY24, the company said in a statement. "ARIPL has achieved a significant milestone in the renewable energy sector by securing a solar BoS project of 500 MW/700MWp from Greenko," it said. The project spans across an area of 2,200 acre site near Uyyalavada Town in Kurnool district of Andhra Pradesh. The work includes Engineering, Procurement and Construction (EPC) of the entire balance of system (BoS) for the 700 MWp (Megawatt peak) project, which is part of Greenko's Integrated Renewable Energy Project.

China solar industry faces challenges, but rock-bottom prices to persist

Overcapacity in China's solar industry is emblematic of the challenges facing the world's second-biggest economy

Tata Power Renewable Energy commissions 200 MW solar project in Rajasthan

Tata Power Renewable Energy Ltd on Monday said it has commissioned a 200 MW solar project in Bikaner, Rajasthan. The project is expected to generate around 485 million units of green energy annually offsetting over 3,88,000 tonnes of carbon footprints, Tata Power Renewable Energy Ltd (TPREL) said in a statement. Subsidiary TP Saurya Ltd (TPSL) has commissioned a 200 MW solar project located in Bikaner, Rajasthan, for Tata Power Trading Company Ltd (TPTCL). The project will be integrated into the Central Transmission Utility (CTU) Bus, ensuring efficient distribution of clean energy across the region, it said. The total renewables capacity of TPREL has reached 9,018 MW (PPA capacity is 7,632 MW), including 4,547 MW projects under various stages of implementation and operational capacity is 4,471 MW, which includes 3,444 MW solar and 1,027 MW wind. A subsidiary of Tata Power, TPREL is a developer of renewable energy projects, including solar, wind, hybrid, round-the-clock (RTC), peak

Delhi govt notifies solar policy, will provide 400 units per month subsidy

The Arvind Kejriwal government has notified Delhi Solar Policy, 2023, that will help the consumers with monthly use of over 400 units to get zero bills through rooftop solar plants, a statement on Saturday said. Under the policy, the consumers who do not get subsidy for using more than 400 units per month can now install rooftop solar panels and get zero bills. The power bills of commercial users will be halved if they go for rooftop plants, said the statement of Delhi government. Currently, domestic consumers receive zero bills up to 200 units monthly consumption while monthly consumption 50 percent subsidy is given for 201-400 units. The Delhi Solar Policy, 2023, was announced by Chief Minister Arvind Kejriwal on January 29. The Delhi government will spend Rs 570 crores towards the implementation of the policy, it said. It provides for generation-based incentives' to solar panel installers, allowing for additional earnings of up to Rs 900 per month. Expenses incurred for ...