Page 6 - Solar Power

SJVN receives 1,352 MW solar energy projects worth Rs 7,436 crore

State-owned power producer SJVN arm SJVN Green Energy has secured 1,352 MW solar power projects, entailing an investment of Rs 7,436 crore. "SJVN has received Letter of Awards (LoA) for 1,352 MW Solar Power Projects to be developed through SJVN Green Energy Ltd (SGEL), a wholly-owned subsidiary of SJVN," a company statement said. According to the statement, these LoAs have been received in the presence of Maharashtra Deputy Chief Minister Devendra Fadnavis, SJVN Director (Finance) Akhileshwar Singh and SGEL CEO Ajay Singh in Mumbai. SJVN Chairman and Managing Director Geeta Kapur informed that these projects of 1,352 MW will be developed at various locations in Maharashtra -- Nashik, Solapur, Ahmednagar and Pune under Mukhya Mantri Saur Krushi Vahini Yojana 2.0. The projects have been bagged by SGEL through a competitive bidding process in a tender floated by MSEB Agro Power Limited, Maharashtra. The total capacity of the tender was 7,000 MW and SGEL participated for 1,500 MW -- 5

Uttar Pradesh govt to rake in Rs 80K crore through solar energy push

The Yogi Adityanath government is planning installations of rooftop solar plants and solar parks to achieve this target

Adani Green operationlises additional 448 MW solar projects at Khavda

Adani Green Energy subsidiary Adani Green Energy Twenty Four B has operationalised an additional 448.95 MW solar power projects at Khavda in Gujarat. Together with earlier intimation dated February 14, 2024, an aggregate of 1,000 MW of solar power projects are operationalised at Khavda, Gujarat, a regulatory filing stated. According to the filing, Adani Green Energy Twenty Four A Ltd and Adani Green Energy Twenty Four B Ltd, wholly-owned step-down subsidiaries of Adani Green Energy Ltd (AGEL) have operationalised an incremental 448.95 MW of solar power projects at Khavda. With the operationalisation of these plants, AGEL's total operational renewable generation capacity has increased to 9,478 MW in its journey of 45 GW capacity by 2030. Based on the relevant clearances, it was decided at 11.49 pm on March 4, 2024, to operationalise the plants and commence the sale of power generated from March 5, 2024, the filing said. On February 14, 2024, the company informed that its arms A

Rays Power Infra bags 3 solar projects totalling 520 MW from PSUs

Renewable energy solutions provider Rays Power Infra on Monday said it has secured three solar projects totalling 520MWp capacity from two big central public sector firms and one from a global developer. The combined order value for these projects underlines the company's commitment to advancing sustainable energy solutions, a company statement said. According to the statement, Rays Power Infra Ltd announces the acquisition of three orders in its solar EPC (Engineering Procurement Construction) business totalling 520 MWp, two from a renowned CPSU (Central Public Sector Undertaking) and another from a global renewable energy developer. These orders marked the company's entry into the Gujarat and Assam markets. This also positions the company as one of the key EPC players in 14 States in India, it stated. The company has submitted multiple bids for solar EPC projects in India, Mauritius, Liberia, Bangladesh, and Sierra Leone, with a cumulative value exceeding Rs 3,400 crore, and ...

The evenings are hard

Mounting stress upon India's grid engineers

Cabinet approves Rs 75,021 crore rooftop solar scheme for 10 mn households

The Cabinet approved the PM-Surya Ghar Muft Bijli Yojana on Thursday, aiming to install rooftop solar panels in one crore households at a total cost of Rs. 75,021 crore

SJVN commissions 100 MW Raghanesda solar power project in Gujarat

State-owned SJVN on Tuesday announced the commissioning of 100 MW Raghanesda solar power project located at Banaskantha district in Gujarat. The project, bagged at a tariff of Rs 2.64 per unit, has been commissioned through its subsidiary SJVN Green Energy Ltd (SGEL), SJVN said in a regulatory filing. The "Power Purchase Agreement (PPA) has been signed with Gujarat Urja Vikas Nigam Limited (GUVNL) for 25 years. The cost of construction/development of this project is Rs 642 crore. The project will generate 252.3 million units (MUs) in the first year," it said. The project is expected to generate 5,805 MU of solar power over a period of 25 years.

Rooftop solar power systems: Shinning a light on better tomorrow

With an outlay of Rs 75,000 cr, it's aimed at installing rooftop solar panels in 10 million households

Private capital yet to embrace energy transition, says CEA Nageswaran

While urging multilateral development banks to act on the recommendations of the independent expert group under India's Group of Twenty (G20) presidency to mobilise private capital, the CEA added

Adani Green starts generating power at Khavda renewable power plant

Adani Green said once the Khavda plant is fully operational, it will be able to generate 81 billion units of clean electricity

Govt plans $9 billion rooftop solar push amid looming Lok Sabha elections

Sluggish deployment of rooftop systems has cast doubt on India's target of almost quadrupling solar power generation capacity from 73 gigawatts by the end of the decade

SWRE places orders with Nextracker for solar trackers for Gujarat projects

SWRE is implementing solar projects at NTPC Renewable Energy Ltd's (NTPCREL) solar park in Khavda, Rann of Kutch, a company statement said

US solar boom opens $2 billion Indian door to banned products from China

Imports of Waaree panels raise questions about how US Customs and Border Protection officials are enforcing a ban on products tied to the repression of Uyghur people in China's Xinjiang region

NTPC Green Energy gets Dipam nod to get listed for raising Rs 10,000 crore

State-owned power giant NTPC has received approval from the Department of Investment and Public Asset Management to list its green energy arm NTPC Green Energy Ltd (NGEL) to raise up to Rs 10,000 crore, according to a source. NGEL is expected to go public to raise up to Rs 10,000 crore anytime after March, the source told PTI. The NTPC's proposal for NGEL listing was approved by the Department of Investment and Public Asset Management (DIPAM), as per the source. The company is planning to utilise the funds towards energy transition and setting up green energy projects, including solar and green hydrogen. In December 2023, NTPC CMD Gurdeep Singh told PTI that his company is looking towards listing its green energy vertical in the next 1-2 years, as it anticipates higher demand for power going forward. The company has a target to add 60GW of renewable energy capacity by 2030, which it expects to achieve even earlier. NGEL is a wholly-owned subsidiary of NTPC with an operational cap

Stock of this smallcap power generation company has zoomed 123% in 3 months

Shares of KPI Green Energy were locked in the 10-per cent upper circuit at Rs 1,823.80, hitting a new high on the BSE in Wednesday's intraday trade

Goldman, JPMorgan Weigh in as ESG funds suffer loss of over $5 bn

Against a backdrop of attacks by the Republican Party and lackluster returns, ESG funds in the US bled more than a net $5 billion in the final three months of 2023

REC to collaborate with NIIFL for financing renewable, infra projects

State-owned REC has inked an initial pact with the National Investment and Infrastructure Fund Ltd for collaborating to finance renewable and large scale infrastructure projects in the country. Both entities have signed a Memorandum of Understanding (MoU) in this regard, according to a statement on Thursday. "The collaboration with REC aligns perfectly with NIIFL's broader strategy to enhance financing and attract private capital into the infrastructure sector. Through this partnership, we aim to develop innovative financial solutions supporting major infrastructure," Prasad Gadkari, Executive Director & Chief Strategy Officer at NIIFL, said.

SJVN bags solar project worth Rs 550 cr from Gujarat Urja Vikas Nigam

State-owned SJVN Ltd on Thursday said it has bagged a 100 MW solar project under an e-reverse auction conducted by Gujarat Urja Vikas Nigam Ltd (GUVNL). SJVN bagged the 100 MW solar project at the rate of Rs 2.54/unit on a build-own and operate basis through a tariff-based competitive bidding process of GUVNL Phase XXI, a company statement said. According to the statement, SJVN has secured the full quoted capacity of a 100 MW solar power project through e-Reverse Auction conducted by GUVNL. This ground-mounted solar project will be developed by SJVN through its wholly-owned subsidiary SJVN Green Energy Limited (SGEL) at a tentative cost of Rs 550 crore. The project will be executed by SGEL in Solar Park being developed by Gujarat Industrial Power Corporation Limited in Khavda, Gujarat, through an EPC contract. The power purchase agreement will be executed after the issuance of the Letter of Award from GUVNL. The project is expected to generate about 252 million units in its first

Hero Future Energies inks tolling agreement with Pixon Green Energy

Hero Group's renewable energy arm Hero Future Energies on Thursday said it has inked a tolling agreement with PIXON Green Energy for supply of solar modules. Under the agreement, PIXON Green Energy will provide Hero Future Energies with high-efficiency modules for up to 500 MW annually on a prioritised basis for a period of two years from their fully automated Ecoprogetti line based in Rajkot, Gujarat, a company statement said. Both parties will also be involved in the procurement of strategic components for module manufacturing. According to the statement, Hero Future Energies has announced the signing of a strategic tolling agreement with PIXON Green Energy, a leading domestic module manufacturer, for supply of solar PV modules. "Global supply chains have been subject to disruption recently. Entering into a strategic partnership will allow us to control our costs better and have more visibility in our supply chain," Hero Future Energies Global CEO Srivatsan Iyer said in the ...

SAEL secures $1 billion capital to fund its renewable energy portfolio

Renewable energy firm SAEL on Tuesday said it has secured USD 1 billion funds from various financial institutions, including Norfund, DFC, ADB, and Tata Cleantech, to finance its renewable energy portfolio. The investment will be used to expand the company's solar and biomass projects, capitalising on the conducive market potential and government schemes in the renewable energy sector, a company statement said. According to the statement, SAEL -- an Indian renewable energy company specialising in solar and waste-to-energy projects -- announced forging of partnerships and securing financial closure for capital totalling up to USD 1 billion at an event in New Delhi. The event was attended by the Ambassador of Norway, Deputy Chief of Mission, United States, and other dignitaries. Norfund, DFC, ADB, Tata Cleantech were the major participants in the capital raise, besides other financial institutions. In addition to the USD 1 billion partnership announcement, the SAEL has plans to comp