Sep 34 min read

OneShot: A quick view on Renewable energy NEWS

CIL Invites Bids for 300 MW Solar Project in Gujarat :

The last date to submit the bids is September 23.The scope of work covers the design, engineering, procurement, supply of equipment and materials, erection, testing, and commissioning of the project. It also includes the supply, packing and forwarding, the transportation of PV modules up to Khavda Solar Park, including the transit insurance of crystalline solar modules with nominal wattage and dimensions as mentioned in the scope of supply for the 1500V system voltage.

Adani Energy Bags Transmission Project to Evacuate 7 GW of Renewable Energy :

AESL will be commissioned in 24 months on a BOOT basis.The REC Power Development and Consultancy (RECPDCL) has handed over the Khavda Phase-IV Part-A transmission to Adani Energy Solutions (AESL) to evacuate 7 GW of renewable energy (RE) from the Khavda Renewable Energy Park.

UPNEDA Issues Bids To Solarise 10,000 Solar Pumps :

Intending to solarize 10,000 grid-connected agriculture pumps under KUSUM Component C-1, the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) recently released a tender. The tender aims to supply, install, test, and commission distributed grid-connected solar PV systems with 5 years of comprehensive maintenance. UPNEDA has set 23rd September as the last date for bid submission.

JinkoSolar’s Revenue Drops 21.6% YoY in Q2 2024 on Lower Module Prices :

Operating expenses rose due to a write-off of the book value of equipment damaged in a fire China-headquartered solar cell and module manufacturer JinkoSolar‘s revenue dropped 21.6% year-over-year (YoY) to RMB24.05 billion (~$3.31 billion) in the second quarter (Q2) of 2024 due to a decrease in the average selling price of solar modules.

Solar power company bags 600 MW wind-solar hybrid power project from Maharashtra State Electricity Distribution Company Ltd (MSEDCL) :

JSW Neo Energy Limited (JSW Neo), a wholly-owned subsidiary of JSW Energy Limited, has received a Letter of Award (LoA) for an additional 400 MW of Wind-Solar Hybrid Power Project under a greenshoe option from Maharashtra State Electricity Distribution Company Limited (MSEDCL) against MSEDCL – Phase III.

Navratna crown for Railtel, Satluj Jal Vidyut Nigam, NHPC, and Solar Energy Corp. :

Railtel Corporation of India, Satluj Jal Vidyut Nigam, National Hydroelectric Power Corp., and Solar Energy Corporation of India Ltd have been upgraded to Navratna status, the finance ministry's department of public enterprises announced on Friday.

Billionaire Nithin Kamath backs start-up democratizing access to solar energy :

Billionaire Nithin Kamath, the co-founder of Zerodha, has announced an investment in SundayGrids, a Bengaluru-based start-up focused on addressing India's solar power harvesting challenges.

Sunsure Energy supplies 32 GWh of solar energy to Sandoz in Navi Mumbai :

Sunsure Energy begins supplying solar energy to Sandoz's Navi Mumbai plant, enabling an 11% reduction in the company's CO2 emissions. This operation is part of a Power Purchase Agreement.

5 Indian Solar Firms With Plans To ‘Make In USA’ :

The Solar Energy Manufacturers for America Coalition (SEMA) released a report this year revealing that Chinese-headquartered companies now produce 99% of the world’s solar wafers and over 80% of the world’s polysilicon. These two components alone account for more than half the value of a solar panel.

Solar Generation In India Improved In FY24: Fitch Ratings :

“Spotlight: Indian Renewable Energy Performance FY24,” the company rated the performance of the 10 rated Indian restricted groups (RGs). Fitch’s portfolio of wind and solar project-finance transactions improved in the financial year ended March 2024, but overall power generation remained below Fitch’s one-year P90 forecasts. Meanwhile, cash collection continued its upward trend since FY23, supported by reforms implemented by India’s central government.

Reliance to commercialize perovskite, back-contact HJT-IBC solar by 2026 :

Reliance Industries will begin producing PV modules by the end of this year, according to Chairman and Managing Director Mukesh D. Ambani. The company is developing the first phase of its integrated solar production facilities, which will include modules, cells, glass, wafers, ingots, and polysilicon, with an initial annual capacity of 10 GW.

India sees 26% growth in rooftop solar capacity in H1 2024 :

India experienced a 26% growth in rooftop solar capacity in the first half of 2024. This surge reflects the country’s increasing adoption of renewable energy solutions, driven by supportive government policies, declining costs, and rising awareness of sustainable energy. The growth in rooftop solar installations contributes significantly to India’s overall renewable energy targets and its efforts to reduce carbon emissions.

Maharashtra No. 2 in cumulative rooftop solar installations in the country | Mumbai News :

Maharashtra ranks second in India for cumulative rooftop solar installations. The state has made significant strides in adopting solar energy, contributing to the country’s renewable energy goals. This achievement highlights Maharashtra’s commitment to sustainable energy and its role in driving the growth of rooftop solar power in India.

Solartive Lands ₹48.8 Cr JREDA Tender for Solar Pumps in Jharkhand :

Solartive has been awarded a prestigious contract under the PM Kusum Yojana by the Jharkhand Renewable Energy Development Agency (JREDA) to supply solar pumps to farmers across Jharkhand. The project, valued at approximately ₹48.8 crore including GST, is set to transform the state’s agricultural sector by offering sustainable and efficient irrigation solutions.

MERC Second Amendment 2024 Regulation Enhances Rooftop Solar Flexibility With Virtual Net Metering And Microgrid Integration :

The Maharashtra Electricity Regulatory Commission (MERC) recently issued the Second Amendment to its Grid Interactive Rooftop Renewable Energy Generating Systems Regulations, 2024, which primarily focuses on incorporating Virtual Net Metering (VNM) and aligning with updated consumer rights rules.