Sep 33 min read

OneShot: A quick view on Global Renewable energy NEWS

Solar, wind energy generation rises as discoms cut payment delays in FY24 :

Wind and solar power generation in India rose as payment delays narrowed in FY24, according to Fitch Rating, bringing the nation closer to its renewable energy target.

Producers of clean power received payments from distribution companies or discoms closer to the schedule in FY24 than the year before, boosting cash collections, the ratings agency said in a report on Friday.

NLCIL signs 200 MW solar power agreement with Telangana discoms :

In March 2024, NLC India Green Energy Limited, a subsidiary of NLCIL inked a power purchase agreement with Gujarat Urja Vikas Nigam Limited for a 600 MW solar project. Further, in the same month, NLCIL signed a Memorandum of Understanding with Rajasthan government for formation of joint venture to set up 125 MW lignite-based power plant and 1,000 MW solar power plant.

UPNEDA Invites Bids for 5 MW Solar Power Project in Uttar Pradesh :

The Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA) has issued a Request for Selection (RfS) inviting bids for the development of a 5 MW grid-connected solar photovoltaic (PV) power project in District Mau, Uttar Pradesh. The project will be executed under the “Build Own Operate” (BOO) model.

InSolare Energy Pvt. Ltd., through its fully owned subsidiary Suryayashish KA1 Solar Park Pvt. Ltd.,Secures 10 MW Electrolyser Capacity in Indigenous category under SIGHT Scheme Tranche II for Electrolyser Manufacturing :

In a significant achievement, InSolare Energy Pvt. Ltd., through its fully owned subsidiary Suryayashish KA1 Solar Park Pvt. Ltd., has been awarded a Production-Linked Incentive (PLI) under the Government of India’s ambitious scheme to boost electrolyser manufacturing. The company has secured a capacity allocation of 10 MW in the highly competitive Bucket 2B category, which is exclusively reserved for indigenous technology.

Solar Energy Corporation of India Ltd (SECI) attains Navratna Status :

Solar Energy Corporation of India Ltd (SECI) has been granted Navratna status, a significant milestone recognizing its exceptional performance and strategic importance. This status enhances SECI’s autonomy and operational flexibility, allowing it to make quicker decisions and expand its role in India’s renewable energy sector. SECI’s elevation to Navratna status underscores its crucial contribution to advancing the country’s clean energy goals.

Technical Committee for Solar Powered Cold Storage :

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.

BHEL Issue Tender for Supply of 2.5 MW Solar RTS Project at 5×800 MW Yadadri STPP, Bhuvanagiri-Telangana :

BHEL Issue Tender for Supply of 2.5 MW Solar RTS Project at 5×800 MW Yadadri STPP, Bhuvanagiri-Telangana.

India’s installations exceed 1GW in H1 2024, growth driven by residential boom :

India’s rooftop solar installations surpassed 1 GW in the first half of 2024, driven by a surge in residential adoption. This growth reflects increasing awareness of renewable energy benefits among homeowners, alongside supportive government policies and incentives. The trend highlights India’s commitment to expanding its clean energy footprint and reducing reliance on traditional power sources.