Aug 312 min read

OneShot: A quick view on Renewable energy NEWS

Reliance to commission first solar giga-factory this year – EQ :

Reliance is set to commission its first solar giga-factory within this year. This significant milestone marks a major step in the company’s renewable energy ambitions, contributing to India’s push towards sustainable energy. The giga-factory will enhance Reliance’s capacity to produce solar modules, further supporting the nation’s clean energy transition and reducing dependency on fossil fuels.

Prozeal Green Energy Secures Major Contract for 50 MWp Solar Power Plant in Tamil Nadu – EQ :

Prozeal Green Energy has secured a significant contract to develop a 50 MWp solar power plant in Tamil Nadu. This project represents a crucial step in the state’s renewable energy expansion, contributing to India’s broader clean energy goals. The solar plant will enhance Tamil Nadu’s energy infrastructure, promoting sustainability and reducing carbon emissions.

NTPC commissions 160 MW solar capacity in Jaisalmer – EQ :

NTPC has successfully commissioned a 160 MW solar power capacity in Jaisalmer, Rajasthan. This project is part of NTPC’s ongoing efforts to expand its renewable energy portfolio and contribute to India’s clean energy goals. The new solar installation will enhance the region’s renewable energy capacity, supporting the country’s transition to sustainable energy sources.

Solar Module Manufacturer Premier Energies’ IPO Oversubscribed 74 Times :

The IPO proceeds will be used to part-finance a 4 GW cell and 4 GW module facility Telangana-based solar cell and module manufacturer and EPC solutions provider Premier Energies ‘ ₹28.30 billion (~$337.4 million) initial public offering (IPO) of shares received an overwhelming response from various investor categories, with the issue subscribed over 74 times.

Northeast Frontier Railway Invites Bids for 2.93 MW Rooftop Solar Project :

The last date to submit the bids is September 27, 2024 The Northeast Frontier Railway (NFR) has floated a tender to set up grid-connected rooftop solar projects with a cumulative capacity of 2.93 MW at 42 stations, service buildings, and 204 level crossings in the Rangiya railway division in Assam.

India Reaches 1 GW Rooftop Solar Capacity in 1H 2024 :

MNRE adds 4,089 MW of solar module capacity to ALMM India added 1.1 GW of rooftop solar capacity in the first half (1H) of calendar year 2024, the highest half-yearly installations to date, according to Mercom India’s newly released Q2 2024 India Rooftop Solar Market Report. The capacity addition was about a 26% year-over-year (YoY) increase from the 873 MW installed in 1H 2023. Rooftop solar capacity additions in the second quarter of 2024 were unprecedented, with 731 MW, up 89% YoY from 388 MW. Sequentially, capacity additions grew by 99% from 367 MW.

NTPC Issues 1.2 GW Hybrid Tender With 600 MW Greenshoe Option :

NTPC has released a tender to select hybrid power generators for the supply of 1.2 GW of power from inter-state (ISTS)-connected wind-solar hybrid power projects anywhere in India. This project has a greenshoe option for an additional capacity of up to 600 MW on a Build-Own-Operate (BOO) basis with 20th of September.