Solar Project

Tata Power consistently meets guidance, growth inspires confidence

Tata Power has consistently met guidance. Profitability till FY30 will be driven by RE, T&D, and hydro

Adani's solar contract has lower tariff, can find new buyer: Analysts

Adani Group's solar power contract, which is at the centre of bribery allegations, has tariffs that are lower than competition and can find new buyers in case the pact is cancelled, according to analysts. US authorities have charged Adani Group Founder-Chairman Gautam Adani and others for being part of a scheme to offer USD 265 million bribe to Indian officials to gain a contract to supply 8 gigawatt of electricity generated from solar energy by Adani Green Energy Ltd (AGEL). The group has denied all charges. "If Adani promoters are found guilty, we believe the size of potential penalty is manageable given it is up to three times the value of the bribe," Nomura said in a report. The brokerage said there are about 1.8 GW solar projects commissioned in Gujarat from February-March 2024, with tariff of Rs 2.42 per unit under the 25-year power purchase agreements (PPAs). These operational projects are running under 5 special purpose vehicles, namely Adani Green Energy Twenty Four A Ltd

Andhra Pradesh govt may rethink Adani's solar deal amid bribery allegations

According to reports, Andhra Pradesh CM N Chandrababu Naidu is personally reviewing the situation and is expected to discuss the matter with his cabinet on Tuesday

Tata Power Renewable Energy bags 400 MW wind-solar project from MSEDCL

Tata Power Renewable Energy on Wednesday said it has secured a 400 MW wind-solar hybrid project from Maharashtra State Electricity Distribution Company Ltd (MSEDCL). Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power, has successfully secured a Letter of Award (LoA) from MSEDCL, a wholly-owned entity under the Maharashtra government, for the development of a 400 MW wind-solar hybrid project in Maharashtra, a statement said. The company said that the LoA includes an original contracted capacity of 200 MW, along with a greenshoe option for an additional contracted capacity of 200 MW. This would be the largest renewable energy project in Maharashtra till date for TPREL. The LoA was issued through a competitive bidding process conducted via an electronically-based reverse auction portal. The project is expected to be completed within 24 months from the signing of the Power Purchase Agreement (PPA) between TPREL & MSEDCL and will play a crucial role in cutting carbon ..

JSW Neo Energy bags 600 MW wind-solar hybrid project from MSEDCL

JSW Energy on Tuesday said that its arm JSW Neo Energy has bagged a 600 MW wind-solar hybrid power project from Maharashtra State Electricity Distribution Company (MSEDCL). Subsequent to this, the company's total locked-in generation capacity has increased to 18.2 GW, which includes a total locked-in hybrid capacity of 3.8 GW (including FDRE), a company statement said. According to the statement, JSW Neo Energy, a wholly owned subsidiary of JSW Energy (company), has received Letter of Award (LoA) for 600 MW of wind-solar hybrid power project including 400 MW allotted under greenshoe option from MSEDCL against MSEDCL Phase IV. The company, however, did not disclose any financial details. The company expects to have an installed generation capacity of 10 GW by FY25, up from 7.5 GW currently. This project enhances the company's energy solution offerings and supports its transition towards becoming an energy products and services company. JSW Energy has total locked-in generation cap

Brick kiln workers in western UP begin transition to solar energy

Smoke swirls from brick kiln chimneys rise up lazily, clouding around sleek solar panels that reflect the monsoon skies above, the ancient and the very new melding easily across the flat lands of western Uttar Pradesh where solar energy is changing lives in ways big and small. The harsh summer of endless days of the sun beating down mercilessly has given way to rain and sullen clouds. But the stored solar energy in the panels continues to do its work, bringing down pollution in the traditional brick kiln industry and providing electricity, and digital connectivity, to villages in the area. Eight brick kilns in Aligarh district's Kodiaganj, Pilakhana and Akrabad have already made the pioneering shift from coal to solar panels to meet their electricity needs. It's a fraction of the district's 555 brick kilns according to a report by the UP Pollution Control Board but at least a beginning. Om Prakash Sharma, who owns a brick kiln, said the initial costs were steep at Rs 7 lakh but

North India's largest floating solar project commissioned in Omkareshwar

The largest floating solar project in central and north India generating 90 MW energy has been commissioned at Omkareshwar in Madhya Pradesh, a state minister has said. The Omkareshwar Floating Solar Project, costing Rs 646-crore, was commissioned on August 8, state Renewable Energy Minister Rakesh Shukla said in a statement. This project was developed under the Union Ministry of Renewable Energy and it is the biggest solar park in India and largest floating solar project in central and north India, he said. The project is executed by SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN, the minister said, adding that on the commissioning of the project, the total installed capacity of SJVN has increased to 2466.50 MW. The project is likely to generate 196.5 million units of electricity in the first year and 4,629.3 million units in the 25 years, he said. After commissioning, the project will reduce carbon emissions by 2.3 lakh tonnes and contribute significantly to

TPSSL commissions 100 solar project with 120 MWh battery storage capacity

Tata Power Solar Systems (TPSSL) on Tuesday said it has commissioned 100 MW solar PV project, coupled with 120 MWh utility scale battery energy storage systems (BESS), at Rajnandgaon in Chhattisgarh. TPSSL bagged the Rs 945-crore project on EPC (engineering procurement construction) basis from the Solar Energy Corporation of India Ltd (SECI) in December 2021, a statement said. The order scope included engineering, design, supply, construction, erection, testing, O&M, and commissioning of the projects. According to the statement, TPSSL, a fully integrated solar company in India and a wholly owned subsidiary of Tata Power Renewable Energy Ltd (TPREL), has successfully commissioned the country's largest solar and BESS project comprising 100 MW Solar PV Project coupled with 120 MWh Utility Scale Battery Energy Storage System (BESS), at Rajnandgaon in Chhattisgarh. The TPSSL team displayed exceptional project execution and engineering prowess during the project execution, which faced ..

Apraava Energy bags 250-MW solar project from NHPC via auction route

Apraava Energy on Thursday said it bagged a 250-MW solar energy project from state-owned NHPC Ltd. The project, won through the e-reverse auction mechanism at a walk-out tariff of Rs 2.53 per kWh, is scheduled to be completed within 24 months, a company statement said. This is Apraava's first greenfield solar power project through the auction route. The interstate transmission system (ISTS) connected solar energy project has been awarded by the NHPC Ltd in Rajasthan, the statement said. Rajiv Ranjan Mishra, Managing Director, Apraava Energy, said in the statement, "We are excited to strengthen our solar energy portfolio with this win in Rajasthan, a pivotal state driving the growth of renewable energy in India." The Power Purchase Agreement (PPA) between the NHPC and Apraava Energy is for a period of 25 years from the scheduled commissioning date. As part of the agreement, Apraava Energy will be responsible for design, construction and operation of the project for the PPA tenure.

Avaada Energy secures 1,400 MW solar project in bidding hosted by NHPC

Avaada Energy on Tuesday said it has bagged a 1,400 MW solar project under tariff-based competitive bidding hosted by state-run hydro power giant NHPC Ltd. The project won through an e-reverse auction process showcases Avaada Energy's commitment to competitive pricing with a winning tariff of Rs 2.53 per kWh, as per a company statement. "Avaada Energy, a key player in the Avaada Group's diversified portfolio is proud to announce its latest achievement -- securing a 1,400 MWp Solar Project through an e-reverse auction hosted by NHPC Ltd, the Renewable Energy Implementing Agency of the Government of India," a company statement said. The power purchase agreement will span a period of 25 years, with the project slated for completion within a 24-month timeframe. Upon commissioning, the solar facility is projected to produce an estimated 2,500 million units of renewable energy each year, contributing significantly to India's green energy supply and powering nearly 1.8 million rural ...

Solar module manufacturing capacity to touch 60 GW mark by 2025: ICRA

The domestic solar photovoltaic (PV) module manufacturing capacity is expected to touch 60 gigawatts (GW) by 2025, according to Icra. At 60 GW, there will be a 62 per cent growth in module manufacturing capacity compared to the current level of 37 GW, the rating agency said on Monday. It is likely to increase to nearly 100 GW as the capacity awarded under the production-linked incentive (PLI) scheme comes on stream, led by the strong policy support and growing demand from domestic solar power installations, Icra said. The solar PV module supply chain is dominated by China, with over 80 per cent share in manufacturing capacity across polysilicon, wafer, cell, and modules. In comparison, the manufacturing capacity in India is relatively low and is largely restricted to the last manufacturing stage. The PLI scheme is expected to change this, with integrated module units expected to come up in India over the medium term. The Government of India (GoI) has awarded incentives for setting

Diversification of solar manufacturing must to achieve net-zero goal: Govt

Diversification of solar manufacturing and supply chains besides building adequate renewable energy storage are necessary to meet the net zero emission targets, Union Minister R K Singh told ISA member countries on Wednesday. Without these, the net zero target is going to remain only a goal, Singh, who is the president of the International Solar Alliance (ISA), said. "Net zero will remain only a goal unless the world gets together to solve the problems of lack of diversification of solar manufacturing capacity and associated supply chains," Union Power and New & Renewable Energy Minister said at a session of the ISA conference. The ISA president also said that storage remains critical for greater utilisation and round-the-clock provision of renewable energy. The developed world kept talking about the need for energy transition, they did not do anything about it. "Today, about 90 per cent of the solar manufacturing capacity is in one country, mostly dependent on one chemistry, ...

India's solar tech firm finalist in Prince William's Earthshot Prize 2023

A solar-powered tech venture that is combating food waste in India is among 15 worldwide finalists competing for the GBP 1 million 2023 Earthshot Prize, founded by Britain's Prince William and dubbed the Eco Oscars'. S4S Technologies, founded in 2013 by seven university friends Nidhi Pant, Vaibhav Tidke, Swapnil Kokte, Ganesh Bhere, Shital Somani, Tushar Gaware and Ashwin Pawade, is shortlisted in the Earthshot Prize to Build a Waste-Free World category as the finalists were unveiled by the royal during a visit to New York on Tuesday. S4S, which stands for Science for Society, made the cut for its work in tackling food waste, rural poverty, and gender inequality by helping smallholder female farmers preserve and market surplus produce. The organisation provides rural communities with cheaper solar-powered conduction dryers and food processing equipment to prepare their crops on-site, rather than using cold storage or other more expensive methods of conventional industrial food ...

South Eastern Coalfields plans Rs 1,218 cr investment for solar projects

As part of its net zero commitments, Chhattisgarh-based mining company SECL has lined up an investment of Rs 1,218 crore spread up to financial year 2025-26 for setting up solar projects. South Eastern Coalfields Ltd (SECL), with 67 blocks, is among the top three coal producing subsidiaries of Coal India Ltd (CIL), under the Ministry of Coal. In FY23, CIL's output was 703.21 MT, out of which SECL's contribution was 167 MT. "SECL aims to become a net-zero energy company. SECL plans to develop solar projects of more than 600 MW in the coming years, and plans to invest more than Rs 1,000 crore in renewable energy. The investments are part of the company's strategy to expand and diversify its business to achieve net zero commitments," SECL said in a statement. Sharing the break up of the investment plan, SECL said two solar projects of 20 megawatt (MW) each are being set up at Bhatgaon and Bishrampur, and another 0.8 MW at Saraipali Korba area in Chhattisgarh. Total cost of these projec

SJVN bags 100 MW solar project worth Rs 600 cr from Raj's Urja Nigam

State-owned SJVN Ltd has bagged 100 MW solar power project worth Rs 600 crore from Rajasthan Urja Vikas Nigam Ltd. SJVN Green Energy Ltd (SGEL), a wholly-owned subsidiary of SJVN, participated in an open competitive tariff bidding process followed by e-Reverse Auction (e-RA) organised by Rajasthan Urja Vikas Nigam Ltd (RUVNL). Nand Lal Sharma, Chairman & Managing Director of SJVN, informed in a statement that SJVN has bagged 100 MW State Transmission Utility (STU) connected solar power project in Rajasthan. SGEL bagged the project at a tariff of Rs 2.62 per unit on Build Own and Operate (BOO) basis in the bidding process, the statement said on Friday. Further, Sharma apprised that the ground mounted solar project will be developed by SGEL anywhere in Rajasthan through EPC contract. With the allotment of this project, SJVN now has 1,100 MW solar power projects in Rajasthan, including 1,000 MW Bikaner Solar Project which is scheduled to be commissioned during the current financial .

Maha plans to generate 7,000 MW solar power for farmers by 2026: MSEDCL

The state government plans to generate 7,000 megawatts of solar power by 2026 to provide daytime electricity supply to farmers which could also reduce the burden of cross-subsidy on industries, said the Maharashtra State Electricity Distribution Company Limited (MSEDCL) on Friday. Addressing a press conference here, MSEDCL's independent director Vishwas Pathak said farmers now get electricity for irrigation at night and find it troublesome. Under the Mukhyamantri Saur Krishi Vahini Yojana 2.0 (MSKVY 2.0), the government will ensure daytime supply by installing solar panels near agricultural feeders, he said. This will provide reliable electricity supply to farmers during the day. Their demand of many years will be fulfilled, he said. Pathak said that Chief Minister Eknath Shinde and Deputy CM Devendra Fadnavis have decided to implement MSKVY 2.0 in the state with the aim of running at least 30 per cent of agricultural feeders in each district on solar energy by December 2025. Unde

BVG India bags BOS order for 100 MW solar project of SJVN Green Energy

SJVN's arm SJVN Green Energy has awarded a Rs 132.64 crore contract for a balance-of-system package for its 100 MW solar project in Punjab to BVG India. The company's wholly-owned subsidiary SJVN Green Energy Ltd (SGEL) has entered into an agreement for a balance-of-system (BOS) Package for a 100 MW solar project in Punjab, Nand Lal Sharma, Chairman and Managing Director, SJVN, said in a statement. The firm has entered into an agreement with BVG India Ltd -- SGEL's first awarded BOS contract, amounting to Rs 132.64 crores, it stated. The BOS encompasses all components of a photovoltaic system other than the photovoltaic panels. This includes wiring, switches, a mounting system, one or many solar inverters, a battery bank and a battery charger. The contract also includes the operation and maintenance of the solar PV plant for a period of three years. SJVN bagged the project through tariff based competitive bidding process on a build, own and operate (BOO) basis through e-reverse ..

Sunnier days help solar projects improve their performance in FY23: Report

Longer sunnier days have ensured that the performance of solar power farms improved to 75 per cent in the current fiscal from 59 per cent in the year-ago period, according to a report. Rating agency Crisil has prepared the report based on the performance of 115 solar projects aggregating to 4.6 GW of power generation and those having an operational record of at least one full year. As per the report, 75 per cent of these projects reached P90 level of generation in the current financial year compared to only 59 per cent in the year-ago period. P90 generation estimate indicates generation that is likely to happen with 90 per cent confidence during the project's tenure annually. For example, a P90 value of 10,000 kWh for the annual output implies that it will generate over 10,000 kWh power for 90 per cent of the time. The performance on the P90 metric is crucial as it is used widely to estimate the cash flow cushion available for debt servicing. A project's future cash flow are estim

State-owned SJVN Green Energy bags 200 MW solar project in Maharashtra

State-owned SJVN on Saturday said its green energy subsidiary has bagged a 200MW solar project entailing an investment of Rs 1,000 crore in Maharashtra. "Wholly-owned subsidiary of the company...SJVN Green Energy Ltd (SGEL) received a Letter of Award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 200 MW solar power project to be developed anywhere in Maharashtra," a BSE filing stated. The project shall be constructed in a period of 18 months which shall be reckoned from the date of signing of PPA (power purchase agreement) with MSEDCL. Tentative cost of construction / development of this project shall be around Rs 1,000 crore, it stated. The project is expected to generate 455.52 MU (million units) in the first year and the cumulative energy generation over a period of 25 years would be about 10,480.82 MU. Commissioning of this project is expected to reduce 5,13,560 tonne of carbon emission and would contribute towards government mission of 500 GW ..

REC to provide aid to MP discoms, MPPMCL, Rewa Ultra Mega Solar project

REC has inked three separate pacts with MP Power Management Company Limited (MPPMCL), discoms in Madhya Pradesh and Rewa Ultra Mega Solar Ltd to this effect