Advancing India’s Renewable Energy Goals: Insights from the 4th International Conference on Stationary Energy Storage India 2024:
India is making substantial progress in bolstering its renewable energy sector as it endeavours to reach its ambitious goal of attaining 500 gigawatts (GW) of non-fossil energy capacity. The 4th Edition of the International Conference on Stationary Energy Storage India (SESI) 2024 served as a forum for more than 250 industry leaders, government officials, and delegates from allied nations to engage in discussions concerning strategies and obstacles associated with the integration of renewable energy.
NTPC floats EPC tender for 225MW Solar projects:
NTPC Renewable Energy has invited bids for the engineering, procurement and construction package for 225MW of grid-connected solar power projects to be set up in Gujrat state.
Oriano secures EPC order for 75 MWp solar power plant:
Oriano Clean Energy has secured the engineering, procurement, and construction (EPC) contract for a 50 MW AC/ 75 MWp solar power plant, with a commissioning period of seven months.
Read more: https://www.pv-magazine-india.com/2024/05/20/oriano-secures-epc-order-for-75-mwp-solar-power-plant/
Renew Surya Ojas’ 300 MW Project:
Navigating Challenges And Penalties In India’s Renewable Energy Landscape.
ReNew Surya Ojas Private Limited, a company dedicated to renewable energy, faced a financial predicament due to fines imposed by the Southern Regional Power Committee. The dispute arose over deviations in the scheduled power supply, leading to a heated legal challenge against the fines .
Solar and wind generation will soon pass nuclear, hydro :
Despite its relatively low capacity factor, solar generation is tracking to surpass nuclear generation in 2026, wind in 2027, hydro in 2028, gas in 2030 and coal in 2032.
Solar and wind are strongly dominating powerplant construction, whereas construction of all other generation technologies is both small and stagnant.
Read more: https://www.pv-magazine.com/2024/05/20/solar-and-wind-generation-will-soon-pass-nuclear-and-hydro/
Travancore Cochin Chemicals Invites Bids for 22 MW Renewable Energy Project
The Travancore Cochin Chemicals (TCC) has invited bids from developers to set up a 22 MW renewable energy project, which will be implemented in a group captive model.
The last date for the submission of bids is June 19, 2024. Bids will be opened the same day.
Solar power prosumers in Kerala demand withdrawal of higher charges
With the number of solar power prosumers in Kerala exceeded 1.20 lakh, the community recommended a multi-pronged approach including proportionate average power purchase cost (APPC) rate adjustments, transparency and communication initiatives, and incentive programs to encourage continued participation in the solar
Envision Strengthens Leadership In India Wind Energy Market
In its quarterly report on the wind sector in India, MEC highlights that, notably, other than the Shanghai headquartered leader Envision itself, Indian firms have enjoyed a strong revival with Suzlon regaining its second position (20%), even as Inox Wind in third position (15%), and Adani (fourth)entering the fray with its 5.2 MW turbine. Otherwise, the market has decisively shifted to a 3 MW plus size now.
Competition, oversupply to reduce n-type solar module prices
Global solar demand will continue to grow in 2024, with module demand likely to reach 492 GW to 538 GW. Amy Fang, a senior analyst at InfoLink, looks at module demand and supply chain inventories in a market still affected by oversupply.
Onix Renewable wins 187 MW of solar projects under PM Kusum Yojana
Onix Renewable arm Onix Trans Stellar will build 187 MW of solar projects under Component C of PM KUSUM Scheme. It will execute these projects across 60 different locations in Gujarat.
Navigating Taxation Turmoil: Legal Battle Surrounding A 250 MW Solar Power Project In Rajasthan
In a recent turn of events, a renewable energy firm has found itself entangled in a legal battle following a substantial change in taxation that has significantly impacted the cost of its ambitious solar power project. The company, known for its expertise in sustainable energy solutions, is facing unforeseen financial strains after a government directive altered the tax rate on solar equipment, causing a notable escalation in the project’s capital expenditure.
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