Page 2 - Solar

Tata Power arm to invest ₹1,200 cr to develop 80 MW FDRE renewable project

Tata Power Renewable Energy Ltd (TPREL) has signed a power purchase agreement with Tata Power Mumbai Distribution to set up an 80 MW FDRE project at Rs 1,200 crore. An FDRE (Firm and Dispatchable Renewable Energy) project integrates advanced solar, wind and battery storage systems to enable reliable energy dispatch during peak demand, thereby strengthening grid stability. The time period for project execution is 24 months, Tata Power, the parent company of TPREL, said in an exchange filing. On the broad size of the order, the company said the capex is about Rs 1,200 crore. In a separate statement, Tata Power said the project is expected to generate approximately 315 million units (MUs) of electricity annually, mitigating over 0.25 million tons of carbon dioxide emissions per year. A key feature of this initiative is the commitment to a 4-hour peak power supply, ensuring at least 90 per cent availability during peak demand hours to support the growing energy needs of Tata Power Mum

India's ground-mounted solar power potential at 3,343 GWp: Govt report

India has potential to have about 3,343 GWp ground-mounted solar PV from 27,571 square km of wasteland across the nation, a report by National Institute of Solar Energy (NISE) said on Tuesday. NISE is an autonomous specialised institute under the Ministry of New and Renewable Energy (MNRE), mandated for research and development, solar component testing and certification, capacity building, and development of solar products and applications. This report provides a comprehensive analysis of India's ground-mounted solar PV potential, building on the earlier estimate of 748.98 GWp in 2014. The study integrates advanced geospatial datasets and refined methodologies, accounting for key development constraints such as terrain (slope and aspect), sustainable land use, solar irradiance, and proximity to roads and electrical substations. It identifies feasible ground-mounted solar potential of 3,343 GWp across India, derived from 27,571 sq km of wasteland. The report shows that apart from .

US tariffs, China reliance thwarting India's $7 trillion solar prize

India's economic growth and rapidly accelerating electricity consumption are helping to propel a local solar industry that's forecast to become second in size only to China by the mid-2030s

Vikram Solar's ₹2,079 cr IPO subscribed 54.63 times on strong demand

Solar module maker Vikram Solar's initial public offer garnered 54.63 times subscription on the last day of bidding on Thursday. The IPO received bids for 2,47,81,57,740 shares against 4,53,61,650 shares on offer, as per NSE data. The portion for Qualified Institutional Buyers (QIBs) fetched a huge 142.79 times subscription. Non Institutional Investors' part received 50.90 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 7.65 times. Vikram Solar on Monday mobilised Rs 621 crore from anchor investors. The Rs 2,079-crore initial public offering (IPO) has a price band of Rs 315 to Rs 332 per share. The IPO includes fresh issues of equities worth up to Rs 1,500 crore and an offer for sale (OFS) of over 1.74 crore shares, valued at around Rs 579.37 crore at the upper end of the price band, by its promoters. Of the fresh issuance, the company plans to use the proceeds for funding capital expenditure for investment in its wholly owned subsidiary,

India achieves 100 GW solar PV module capacity under ALMM: MNRE

Solar PV manufacturing under MNRE's quality-assured ALMM norms grows from 2.3 GW in 2014 to 100 GW, with 100 firms now operating 123 units nationwide

US Solar firms file trade petition against India over cheap imports

The new anti-dumping and countervailing duty petitions were filed by the Alliance for American Solar Manufacturing and Trade, which includes First Solar Inc, Mission Solar Energy and Qcells

SG Mart enters renewables with solar brand, wins ₹266 crore orders

SG Mart diversifies into renewables with its new brand APL Apollo SunSteel, securing ₹266 crore in orders for solar module mounting structures from leading IPPs

India's renewable energy capacity grows 3-fold to 232GW in last decade

India has logged threefold growth in its renewable power capacity in the last decade, with the installed green energy capacity reaching 232GW, including large hydro power plants, currently compared to 75.52GW capacity in March 2014, official sources said. India has emerged as a global front runner in renewable energy space as the traiff of the grid-connected solar power plants has gone down by 80 per cent to Rs 10.95 per unit (for 170MW at Neemuch), sources said. In March 2014, India's installed solar energy capacity was 2.82 GW, which has crossed 108GW now, recording multifold growth. Wind energy capacity has more than doubled to 51GW presently from 21GW in 2014. Sources mentioned that during the UPA regime, India was almost absent in the solar manufacturing scene, with a meagre 2GW of solar module production in 2014. In 2024, India has transformed into a global leader, with solar module manufacturing skyrocketing to 90GW and by 2030, the nation will reach an impressive 150GW, the

Andhra CM Naidu seeks Centre's support for solar and defence projects

Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday met three Union ministers here and sought the Centre's support for the state's renewable energy initiatives, a defence manufacturing hub proposal and a major water transfer project. In his meeting with Union New and Renewable Energy Minister Prahlad Joshi, Naidu requested for the allocation of rooftop solar capacity under the Pradhan Mantri Surya Ghar Muft Bijli Yojana and urged expediting approval of the proposals submitted by state electricity distribution companies (DISCOMs) in January. "Had a fruitful meeting... With the Centre's support, we will reduce energy costs, empower our people, and lead India's clean energy transition," Naidu, a key ally of the NDA, said in a post on X after meeting Joshi. The chief minister has set a target of installing 20 lakh rooftop solar units by 2025. Under the scheme, SC/ST households will receive free rooftop solar systems, while backward caste households will get Rs 10,000 per kWp ...

Global Investors Summit 2025: Railways signs 170 MW solar PPA with MP

Cheapest solar procurement in India, focus on wind and nuclear too, says Vaishnaw

Manohar Lal Khattar opens Delhi Metro's first vertical solar plant

DMRC targets 60 MW solar power plant capacity by end of its Phase-IV projects

NASA's Parker solar probe is 'safe' after historic closest approach to Sun

History has been created as NASA's Parker Solar Probe achieves the closest approach to the Sun. It passed within 3.8 million miles of the Sun's surface to reveal secrets of its outer atmosphere

Nasa's Parker probe to have closest sun flyby on Christmas Eve, know more

According to reports, Parker is expected to transmit a beacon signal to share information about its health and operational status. It is going to be closest to the sun this Christmas eve

Lack of regulatory clarity could drive away private ESG finance for India

Political shift is affecting ESG investing

US solar industry shifts focus from climate in strategy for Trump era

The policy agenda marks a stark shift in tone for the solar sector, which is a major beneficiary of subsidies contained in outgoing President Joe Biden's landmark 2022 climate change law

SolarSquare raises $40 million in series B funding from Lightspeed

Company plans to use the funding to expand its operations, hire talent, and for brand building

Solar sector caught in a haze as Adani storm to hit funding, project plans

Sector majors are likely to shy away from SECI tenders, stating that Letters of Allocation (LoA) are no longer a gold standard

Unravelling mysteries of the sun: Where's Nasa's Parker Solar Probe now?

The Parker Solar Probe mission aims to investigate the mysteries of the sun's corona, its outer atmosphere. Here's all you need to know

India re-elected as President of International Solar Alliance till 2026

Union Minister Pralhad Joshi on Monday said India has been re-elected as the President of Indian Solar Alliance (ISA) from 2024 to 2026. Addressing the press conference at 7th General Assembly of the ISA, Joshi informed that France has been reelected as Vice-President of the ISA. India's election to the President post is a testament to the impactful work the country, under the leadership of Prime Minister Narendra Modi, has been doing over the years for the global good in advancing solar energy adoption across the globe and boosting investment in essential solar projects, including mini-grids and healthcare solutions, Joshi opined. Eight Vice Presidents of the Standing Committee, two from each of the four ISA geographical regions, were also selected by the Assembly. From the Africa Region, Ghana and Seychelles have been selected as the Vice Presidents, while South Sudan and the Comoros will support the Vice Presidents as Vice-Chairs of Africa. From the Asia and the Pacific Region

JSW Energy ink pacts to supply 1,200 MW solar-wind power to Maha discom

JSW Energy on Friday said that its two arms have signed agreements to supply 1,200 MW of power to Maharashtra State Electricity Distribution Company. JSW Renew Energy Six Ltd and JSW Renew Energy Thirty Ltd, step-down subsidiaries of JSW Energy, have signed power purchase agreements (PPAs) with Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for state transmission utility (STU)-connected solar-wind hybrid capacity, according to a company statement. The agreements have been signed for two hybrid projects, each with a capacity of 600 MW, totalling 1,200 MW. The letters of award for these projects were received on August 29, 2024, and September 10, 2024, respectively, JSW Energy said. The projects are expected to be commissioned within 24 months, it said, adding that the agreements are set for a 25-year period at a tariff of Rs 3.60/kWh. Currently, the company has a project pipeline of 8.3 GW, with PPAs signed for 4.4 GW. JSW Energy has total locked-in generation cap