Oct 234 min read

OneShot: A quick view on Renewable energy NEWS.

Meeting 2030 renewable energy target may push India's solar equipment imports to $30 bn/yr, says GTRI :

The country's target of installing 500 GW of renewable energy by 2030 may push solar equipment import bill to about USD 30 billion per year and increase dependence on Chinese goods, think tank GTRI said in a report on Sunday. It said developing a self-reliant solar manufacturing industry in India will require significant investment to create an integrated supply chain, especially in areas like polysilicon and wafer production.

India’s Solar Panel Import Bill Could Hit $30 Billion :

India could end up paying $30 billion annually for imported solar panels if it is to hit its 2030 capacity target of 500 GW in wind and solar.The forecast comes from a local think tank, the Global Trade Research Initiative, which said such a path would deepen the dependence of the country on its neighbor China, the Business Standard reported.

Brookfield Properties to supply green power to office campuses in Delhi-NCR :

Brookfield Properties will source renewable power from solar project at Bikaner in Rajasthan for supplying green energy at four office campuses across Delhi-NCR.

In a statement on Monday, Brookfield Properties said it has "secured renewable power from Brookfield's Bikaner Solar Power Project in the first partnership in India under the Inter State Transmission System (ISTS) bilateral arrangement.

Meeting 2030 renewable energy target may push India's solar equipment imports to $30 bn/yr :

To meet the government's target of installing 500 GW of renewable energy by 2030, India needs to significantly ramp up installations to 65-70 GW each year, with over 80 per cent of this target expected to come from solar power, according to the Global Trade Research Initiative (GTRI).

ACME to supply power from 150 MW hybrid solar project to SECI :

ACME Solar Holdings has entered into a power purchase agreement with the Solar Energy Corporation of India (SECI) for the supply of hybrid solar power. ACME will supply 150 MW hybrid solar power to SECI. The company has formed ACME Platinum Urja Private Limited, a project-specific special-purpose vehicle (SPV) for this project.

SAEL, Rays, Refex, ReNew and Mahindra win NTPC’s 1.2 GW ISTS solar auction :

SEAL, Rays Power, and Refex Green secured a capacity of 300 MW, 100 MW, and 100 MW, respectively. They all had the same tariff of Rs 2.50 per kWh. On the other hand, ReNew Solar and Illuminate Hybren were awarded 300 MW and 176 MW at a tariff of Rs 2.51 per kWh. The tender was issued in June 2024. NTPC has allocated only 976 MW as of now.

MNRE approves three pilot projects to use hydrogen in steel production :

Financial support amounting to Rs 3.47 billion will be provided to the pilot projects by the government. The projects are expected to be commissioned in the next three years. These are the first projects approved under the National Green Hydrogen Mission.

Oriana Power Secures 75 MW Solar Power Project At Maharashtra :

Uttar Pradesh-based Oriana Power secured an order to develop 75 MW solar power plant from Maharashtra State Electricity Distribution Company Limited (MSEDCL) at Maharashtra.MSEDCL seeks to implement feeder level solarisation under Component C of PM-KUSUM Scheme with land and transmission line.

NTPC REL Floats Tender for 600 MW Solar Project in Maharashtra :

The last date to submit bids is November 20, 2024NTPC Renewable Energy (NTPC REL) has invited bids for the land and development package for a 600 MW interstate transmission system (ISTS)-connected solar project in Dhule, Maharashtra.

MNRE Plans to Increase Rooftop Solar Vendors to 25,000 :

Andhra Pradesh’s Clean Energy Policy 2024 to add 160 GW of renewable energyThe Ministry of New and Renewable Energy (MNRE) is enhancing the number of rooftop solar vendors under the PM Surya Ghar: Muft Bijli Yojana from 8,000 to 25,000.

Gujarat Issues Draft Tender for Long Duration 200 MW/1600 MWh BESS :

GUVNL has invited stakeholder comments until November 10, 2024The Gujarat Urja Vikas Nigam (GUVNL) has issued a draft tender to set up projects of 200 MW/1600 MWh standalone battery energy storage (long duration energy storage) systems in Gujarat under tariff-based competitive bidding (Phase-V).

Reimposition of ALMM Pushes 5 GW of Solar Open Access Projects to 2025 :

On March 29, 2024, the ministry reimposed ALMM for all grid-connected solar projects. In the first half (1H) of 2024, India added 3.6 GW of solar open access capacity, a 153% increase from the 1.4 GW installed in 1H 2023, according to Mercom’s Q2 2024 India Solar Open Access Market Report.

SolaX Power to Invest USD 149.8 Million in Energy Storage and Smart Energy Facility :

SolaX Power has announced a USD 149.8 million investment to establish a cutting-edge research and manufacturing facility in the Zhejiang Province of China, focusing on utility energy storage and integrated smart energy systems.

Government Unveils Solar Power Scheme to Electrify 100,000 Tribal Households :

The MNRE has launched a revised New Solar Power Scheme to electrify 100,000 households in tribal areas and PVTG habitations, with a INR 915 crore budget. This initiative promotes off-grid solar solutions, enhancing energy access and quality of life for tribal communities.

KLK Ventures Launches Platform to Transform Farming with Solar Water Pumps in Jammu and Kashmir :

KLK Ventures has officially launched a new platform aimed at revolutionizing farming in Jammu and Kashmir through sustainable solar water pumps under the PM Kusum Yojana. This innovative initiative seeks to simplify the application process and enhance support and post-installation services for farmers in need of affordable, renewable energy solutions for irrigation.

GUVNL Initiates RfS For 200 MW/1,600 MWh Battery Energy Storage Project in Gujarat Phase V :

The Gujarat Urja Vikas Nigam Ltd. (GUVNL) has initiated a Request for Selection (RfS) for the development of standalone Battery Energy Storage Systems (BESS) in Gujarat. This project, under Phase V, involves the setup of 200 MW/1,600 MWh capacity BESS aimed at providing long-duration energy storage.