Shares of Inox Wind ended over 4 per cent higher at Rs 149.40 on the BSE
Inox Wind on Tuesday said it has bagged a 150 MW wind energy project from NTPC Renewable Energy Limited (NTPCREL) in Gujarat. With this, the total orders awarded to Inox Wind from NTPC to date stands at 550 MW, the company said in a statement. Inox Wind has bagged the order for a 150 MW wind power project from NTPC Renewable Energy Limited. The project will be executed in the state of Gujarat, it added. Inox Wind CEO Kailash Tarachandani said as part of the order, his company will supply and install existing and new technology state-of-the-art wind turbine generators at the project site. Additionally, it will also be responsible for operation and maintenance (O&M) services for the project. Inox Wind Limited (IWL) is India's leading wind energy solutions provider, servicing independent power producers (IPPs), utilities, PSUs and corporate investors.
Renewable energy solution provider Suzlon has bagged a 99-MW wind energy project from Vibrant Energy. "Suzlon Group has received an order from Vibrant Energy for 33 wind turbine generators featuring its new 3 MW (each) series with a Hybrid Lattice Tubular tower for a 99 MW wind power project which is expected to be commissioned by FY25," the statement added. The company, however, did not disclose the value of the order. "We are delighted to announce our first order with Vibrant Energy which is a highly respected corporate renewable energy solutions provider. I look forward to a long partnership with Vibrant Energy in the coming years towards building a sustainable India," J P Chalasani, Chief Executive Officer, Suzlon Group, said. A project of this size can provide electricity to 307 thousand households and curb 2.92 lakh tonnes of CO2 emissions every year, a company statement said. "We are happy to partner with Suzlon Energy for our project which will provide round-the-clock ...
The Vibrant Group said that a project of this size could provide electricity to 307,000 households and curb 292,000 tonnes of carbon emissions every year
Renewable energy solutions provider Suzlon has bagged an order to develop 69.3 MW wind power project from Juniper Green Energy. The project is located at Surendra Nagar district in Gujarat and is expected to be commissioned in 2024, a company statement said. "Suzlon Group today announced the second order of the 3 MW product series for the development of a 69.3 MW wind power project for Juniper Green Energy Private Limited," it stated. The company, however, did not disclose the financial details of the order. "We are delighted to announce our first order with Juniper Green Energy Private Limited and our second order for the 3 MW series," JP Chalasani, CEO, Suzlon Group, said. Suzlon will install 22 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower of their new product with a rated capacity of 3.15 MW each. This is the first major order for the company's largest turbine rated 3.15 MW, S144-140m from the 3 MW series. As part of the agreement, Suzlon will supp
India's latest tendering target is a case of ambition overtaking the policy environment for doing business
G7 ministers finish two days of meetings on climate, energy and environmental policy in the northern Japanese city of Sapporo on Sunday
Of this, at least one Gw would be wind energy
Deployment of new wind and solar power plants needs to be drastically ramped up by the end of the decade to meet the world's climate goals, the International Renewable Energy Agency said Tuesday. In an advance preview of its annual report on the global shift from fossil fuels to clean energy, the agency said renewables accounted for 83 per cent of new power generation last year. Worldwide, the share of installed power generation coming from renewables reached 40 per cent in 2022, it said. But in order to halve greenhouse gas emissions by 2030 and put the world on track to cap global warming at 1.5 degrees Celsius (2.7 degrees Fahrenheit), existing targets for renewable power deployment would need to be more than doubled, the Abu Dhabi-based agency said. Governments agreed in the 2015 Paris climate accord to limit the global temperature rise to 2 C (3.6 F) ideally no more than 1.5 C above pre-industrial averages. The lower target would prevent significant harm from climate change
A parliamentary panel has attributed low installation of solar roof-top and wind energy projects as key reasons for the shortfall in achieving India's renewable energy capacity target of 175 GW by 2022. India set an ambitious target of installing 175 GW of renewable energy capacity by the year 2022, which included 100 GW from solar, 60 GW from wind, 10 GW from bio-power and 5 GW from small hydro-power. However, a renewable energy capacity of 120.90 GW has been installed in the country as of 31st December 2022 which is about 69 per cent of the overall target, the Standing Committee on Energy said in a report. "Keeping in view the fact that renewable energy installed capacity has increased by more than 236 per cent since 2014, this is indeed a commendable achievement. However, it should also be mentioned that whatever shortfall has occurred in achievement of the target that is because of low installation of solar roof-tops and wind energy projects," the committee said. Keeping in vie
Positive policy moves by the new and renewable energy ministry can crank up the annual wind capacity addition by 6-8 gigawatt (GW) from fiscal 2026, around 4 times more than 1.6 GW of growth clocked in the past five fiscals, a report said. According to a Crisil analysis, the aggressive tariff bids in reverse auctions since fiscal 2018 has been one of the key drivers of the wind energy growth. The process led to discovery of irrationally low tariffs that were favoured by state distribution companies, but compromised returns left little incentives for developers to complete the projects. There were also delays in land acquisition and setting up of evacuation infrastructure. Under reverse auction, bidders compete on an open e-platform, adjust tariffs within timeframes with their quotes visible to all participants. Prior to FY18, wind projects were awarded under the feed-in-tariff regime, where payments at fixed tariffs were made by discoms to producers under long-term contracts without
Tamil Nadu was the second highest generator of electricity from wind energy power projects, as it generated 15,703 million units of electricity during the period under review
Tata Power Renewable Energy has signed an agreement with Tata Power Delhi Distribution Ltd (TPDDL) to supply electricity from its 510 MW solar-wind hybrid project, a statement said on Friday. It is one of the largest hybrid projects in the country with the capacity bifurcation of 170 MW solar & 340 MW wind power. The project will save an average of 1540 MUs (million units) of CO2 emissions annually for Tata Power-DDL, a joint venture between Tata Power and the Government of Delhi, that supplies electricity to a populace of over 7 million in North Delhi, the statement said. The power purchase agreement signed between Tata Power Renewable Energy Ltd and TPDDL has the capacity bifurcation of 170 MW solar and 340 MW wind power. Located in Karnataka, it is one of the largest hybrid projects in the country and will be commissioned within 24 months from the PPA execution date. Ashish Khanna, CEO, Tata Power Renewable Energy Ltd, said, Tata Power Renewable has signed one of the largest .
Clean energy solutions provider Amplus Solar on Friday announced an association with EverRenew, an NTC group company, to set up a 200 MWp open-access solar power plant at Tuticorin, in Tamil Nadu. The 200MWp plant is expected to generate approximately 450 million units of green electricity in the first year of its operation itself, a company statement stated. The wind-solar hybrid plant in Tamil Nadu is Amplus' second open-access project in the state, it said. "We are happy to set up our first wind and solar hybrid with an experienced partner, EverRenew, in the state. "Wind-solar hybrids have vast potential in enhancing grid stability, and we look forward to setting up more such projects across the country in the coming years," Sharad Pungalia, MD and CEO of Amplus Solar, said. The hybrid plant will combine the power from co-located solar panels and wind turbines to produce an uninterrupted supply of green energy for commercial and industrial consumers in the state. Amplus Solar
Commercial and industrial customers will find Rs 4/unit tariffs lucrative compared with grid tariff of Rs 7-8/unit in Gujarat and Tamil Nadu
Inox Green Energy Services on Monday said it will acquire a majority stake in an independent wind service provider that operates majorly in South India with a 230+MW fleet. However, the company did not disclose the value of the transaction and the name of the target company. The transaction is subject to certain regulatory and other customary closing conditions and is expected to conclude by the end of January 2023, a company statement said. "Inox Green...has signed a term sheet for acquisition of majority stake in a renowned independent O&M (operations and maintenance) wind service provider with a 230+MW fleet that operates majorly in South India," it said. The target company specializes in O&M of multibrand wind turbine OEMs (original equipment manufacturers) and provides comprehensive O&M services as well as specialized corrective maintenance services. Inox Green is actively pursuing inorganic growth opportunities along with the rapid growth that it envisages from the ..
State-owned SJVN on Friday said it will set up a 100 MW wind power project at an estimated cost of Rs 700 crore. In a statement, SJVN said it has won the project from Solar Energy Corporation of India (SECI) through an e-reverse auction process. "SJVN has won the full quoted capacity of 100 MW wind power project at (tariff of) Rs 2.90 per unit on build, own and operate basis through e-reverse auction. The tentative cost of the development of this project is Rs 700 crore," the statement said. The project, SJVN said, will be developed anywhere in India through its wholly owned subsidiary SGEL. The project is expected to generate 262 MU (million unit) of green energy in the first year of commissioning and cumulative energy generation over a period of 25 years will be about 6,574 MU. SJVN CMD Nand Lal Sharma said the project will be commissioned in a 24-month period from the date of signing of the Power Sale Agreement (PSA) with SECI. "We have already commissioned Sadla & Khirvire ..
ACME Group on Friday announced its foray into the wind power sector with a 50 MW project in Gujarat. The group has forayed into the wind power business and signed a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL), a company statement said. At present, ACME operates solar power plants in 12 states and supplies electricity to 13 state discoms. "ACME Group wins its first 50 MW grid-connected wind power project. This is a significant milestone as the company gears up to provide solar-wind Hybrid and RE RTC power. This is in line with ACME Group's vision to become a prominent RE RTC player," ACME Group Chief Operating Officer Sandeep Kashyap said. The company was awarded the project through a tariff-based competitive bidding process for electricity procurement from grid-connected wind power projects. The project should be commissioned within 24 months from the signing of the PPA. The electricity from this project will help to light up nearly 6 million home
The project will connect solar plants in the sun-drenched deserts of Rajasthan and Gujarat and wind farms in Tamil Nadu to the national network
According to govt estimates, 14 locations have been identified in the state, with potential to generate 25 Gw of wind energy