Solar Project

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 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 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

Jakson Group on Monday said it has bagged a 121 MW solar project from Amplus Solar in Bikaner, Rajasthan. Without disclosing financial details of the project, the company said the green capacity will be constructed on an engineering, procurement and construction (EPC) mode. According to industry estimates, to set up every 1 MW of solar capacity, an investment of around Rs 4.5 crore is required. In a statement, Jakson Group said its group company "Jakson Green has bagged a solar EPC order from Amplus Solar. Jakson Green will deliver the solar power project in Bikaner within 8.5 months of initiation." Once completed, the project is expected to offset over 3.1 million tonne of CO2 per year which is equivalent to taking 5,58,100 fuel-engine cars off the road. The project is slated to supply power to leading commercial and industrial customers on a long-term basis.

The corpus was increased to Rs 19,500 crore under the Union Budget 2022-23 to accommodate the large number of bids

Tata Power on Wednesday said that it has inked a pact to develop a 4-MWp solar project at Tata Motors' Pune plant. "Tata Motors and Tata Power have entered into a Power Purchase Agreement (PPA) to develop a 4-MWp on-site solar project at Tata Motors' Pune commercial vehicle manufacturing facility," a BSE filing said. The installation is collectively expected to generate 5.8 million units of electricity, potentially mitigating over 10 lakh tonnes of carbon emission. This is equivalent to planting over 16 lakh teak trees over a lifetime, it stated. Alok Kumar Singh, Plant Head, Commercial Vehicle Manufacturing Facility, Tata Motors, said, "In FY22, the total renewable energy contribution at our CV Pune plant was 32 per cent. With this agreement, we reaffirm our commitment to moving closer to our goals of cultivating 100 per cent renewable energy capacity." Until FY22, Tata Motors at its Pune plant, including at its passenger and commercial vehicle manufacturing facilities, deployed

Tata Power Solar Systems Ltd (TPSSL) has received a letter of award worth Rs 596 crore from NHDC to set up a 125MWp floating solar project in Madhya Pradesh. NHDC is a joint venture of state-owned hydro power giant NHPC and the Madhya Pradesh government, a statement by Tata Power Company Ltd said on Wednesday. NHDC had invited bids early this year for this project to be set up at the Omkareshwar reservoir in Khandwa district of Madhya Pradesh. The LoA was awarded through tariff-based competitive bidding. The project will be commissioned within 13 months from the date of issuance of the letter of award (LoA) and will provide sustainable power to MP Power Management Company. With this win, the company's total utility-scale solar project portfolio touches 9.8 GWp. As on date, TPSSL's total order book stands at Rs 14,908 crore. TPSSL, a solar EPC company, is a wholly-owned subsidiary of Tata Power Renewable Energy Ltd (TPREL). Tata Power holds 93.94 per cent stake in TPREL.

Tata Power Solar has commissioned a 160 MW AC solar project at Jetstar in Rajasthan.

The solar energy generation capacity addition rose 335 per cent to 7.4 GW in the January-September period this year from 1.73 GW a year ago, said Mercom India Research

The contract involves building 100 MW EPC solar project along with 120 MWh utility scale battery energy storage system

Reliance, through this partnership, will secure access to NexWafe's proprietary technology and plans to build large-scale wafer manufacturing facilities in India using NexWafe processes and technology

The project has a long-term power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for Rs 4.235 per unit, with remaining PPA life of about 22 years

Eastern Coalfields Ltd, a subsidiary of Coal India, has commissioned a 250-kilowatt rooftop solar power project, ramping up its total installed solar rooftop capacity to 692 kW

Adani Green Energy in February won five mega solar power projects of 600 megawatt each under the tender

The total value of the project is close to US$ 200 million, of which about a quarter would be financed through equity contributions by the three co-investors, ACME said in a statement.

The world's largest floating 600 MW solar energy project to be constructed at Omkareshwar dam on Narmada river will begin power generation by year 2022-23

Resolution pertaining to material related-party transactions also approved

Anand Kumar, India's renewable energy secretary, said all the contracts have a 'force majeure' clause that companies can invoke to secure an extension on the project schedules

Sector experts say move will hike project costs exponentially, call for tariff hike every year to offset burden

Safeguard duties, a lack of long-term buyers and inefficient cost structures are all holding back Modi's ambitious plan