Solar Projects

Vibrant Energy gets over Rs 2,200 cr for its 300MWac wind-solar projects

Vibrant Energy has tied up over Rs 2,200 crore of project financing from state-run Power Finance Corporation (PFC) to build 300 MWac wind-solar hybrid projects in Madhya Pradesh and Karnataka. Vibrant Energy (Vibrant), which develops corporate renewable energy solutions, in a statement said that the financing will stand out as one of the largest project financing deals in the Indian Renewables Industry in 2023. Srinivasan Viswanathan, CEO of Vibrant Energy, said that the company is hopeful of enabling more green energy solutions for corporate India.

Jindal Stainless to invest Rs 120 cr to set up two rooftop solar projects

Jindal Stainless Ltd (JSL) on Tuesday said it will invest Rs 120 crore to set up rooftop solar capacities at its Jajpur and Hisar facilities. While a project of 21 megawatt peak (MWp) will be set up in Jajpur, another 6 MWp rooftop solar capacity will be installed at company's unit in Hisar, JSL said in a statement. "The two rooftop solar plants will be generating about 795 million units of electricity, with a carbon abatement potential of 5,64,450 tonnes in a span of 25 years," it said. Both the projects are scheduled to be completed by March 2024, the company said, adding that the energy generated will be for captive usage. JSL managing director Abhyuday Jindal said: "This is an important step towards achieving our net zero target. Our commitment is responsible business practices and dedication to reducing carbon footprint. We will continue this practice." The company's Hisar unit has already commissioned rooftop solar projects of 4.1 MWp, which is capable of generating 110.7 ..

Reliance, Tata Power, others bid for Rs 19,500 cr solar incentives

The financial assistance is part of PM Modi's aim to turn the nation into a manufacturing powerhouse, creating more jobs in the economy and reducing imports that can drain foreign exchange

Himachal Pradesh targets to be first 'green energy state' by 2025: CM Sukhu

The Himachal Pradesh government intends to make the state as the first Green Energy State by the end of 2025 by harnessing hydro, hydrogen and solar energy and switching to green products, Chief Minister Sukhvinder Singh Sukhu said on Friday. Presiding over a meeting of senior officers of the energy department and HPSEBL, he directed all the concerned departments including HPSEBL, HIMURJA, Himachal Pradesh Power Corporation Limited (HPPCL) and the Department of Energy to initiate action in this direction and make policy changes, wherever required. He said that refurbishing the present system is essential and the departments should focus on harnessing green energy in the best interest of the State. To ease the norms, the Chief Minister directed the officers to make necessary amendments to the existing power policy and open all the solar projects up to 5 MW capacity for allotment. The state government would also invest in solar plants and will install 500 MW solar projects during the

Govt allows agencies to extend commissioning date of solar, hybrid projects

In a bid to provide relief to renewable energy players, the government has allowed the implementing agencies to extend the commissioning date of solar PV and solar PV-wind hybrid power projects till March 31, 2024. "Solar PV power developers/associations have represented to MNRE that there is a supply chain disruption in the solar PV sector and have requested appropriate reliefs to tackle the same," the Ministry of New and Renewable Energy (MNRE) said in a notification on Thursday. "This issue has been examined in the Ministry and it has been decided that implementing agencies SECI/NTPC/NHPC may extend the scheduled commissioning date (SCD) till 31.03.2024 and commensurately extend other associated intermediate milestones of such solar PV/Solar PV-wind hybrid power projects, wherein the last date of bid submission was on or after 10.04.2021 and whose SCD, including time-extensions, already granted, if any, is before 31.03.2024, and who wish to avail such time-extension," it said. Th

SJVN bags Maharashtra discom's 200-MW solar project worth Rs 1,200 crore

State-owned SJVN Ltd on Saturday said that its arm SJVN Green Energy has bagged a 200 MW solar project worth Rs 1,200 crore from Maharashtra State Electricity Distribution Company Ltd. "Company through its wholly-owned subsidiary SJVN Green Energy Limited has bagged 200 MW solar power project on Build Own and Operate (BOO) basis from Maharashtra State Electricity Distribution Company Limited (MSEDCL) through e-RA (Reverse Auction) conducted on December 2, 2022," a BSE filing said. The tentative cost of this project is around Rs 1,200 crore and the project is expected to generate 455.52 Million Units (MUs) in the 1st Year and the cumulative energy generation over a period of 25 years would be about 10,480.82 MUs, it said. The commissioning of the project is expected to reduce 5,13,560 tonnes of carbon emission and would contribute to the government of India's mission of reduction in carbon emission. Currently the company's renewable portfolio stands at 4,320.5 MW, out of which 179.5

SJVN, Grid Corporation of Odisha to form JV for hydro, solar projects

State-run SJVN Ltd on Thursday said its arm SJVN Green Energy and Grid Corporation of Odisha (GRIDCO) will form a joint venture to develop a 1,000 MW hydro electric project and 2,000 MW solar project entailing an investment of Rs 20,000 crore. The two companies signed a Memorandum of Understanding (MoU) at Bhubaneswar for developing hydro and solar projects by incorporating a joint venture company, SJVN said in a statement. "This MOU will pave a way for formation of Joint Venture between SGEL and GRIDCO for generating green power, new direct & indirect employment opportunities, boost to local businesses, carbon emission reduction, sustainable and overall development of the state. This will also enhance green generation capacity and will help in meeting the Renewable Purchase Obligation target of Odisha," SJVN Chairman & Managing Director Nand Lal Sharma said. The development of 1000 MW Hydro Electric Project and 2000 MW Solar Power Project will attract an investment of Rs ...

SBI signs Rs 1,240-cr loan agreement with Germany's KfW for solar projects

State Bank of India has signed a 150 million euro (Rs 1,240 crore) loan agreement with the German development bank KfW for funding solar projects. The long-term loan, under the Indo-German solar partnership, will facilitate new and upcoming capacities in the solar sector and further contribute to the country's goals announced during the COP26, the bank said in a statement on Wednesday. The successful closure of the phase-1 under the solar partnership- promotion of solar/PV between SBI and KfW, paves the way for the current phase-2 in our partnership with this German lender, Ashwini Tewari, a managing director at SBI said. With this facility, he added, the bank has taken another step towards sustainable financing arrangements for meeting the nation's renewable capacity goals and upholding environmental and social standards. In 2015, New Delhi and Berlin had signed a memorandum of understanding to foster solar energy through technical as well as financial cooperation. Through this ..

Tata Power Renewable Energy to set up 150 MW solar project in Solapur

Tata Power Renewable Energy said it has received a 'letter of award' to set up a 150 MW solar project in Solapur, Maharashtra. The project will be commissioned within 18 months from the power purchase agreement (PPA) execution date. "Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power receives the 'Letter of Award' (LoA) from the Maharashtra State Electricity Distribution Corporation Ltd (MSEDCL) to set up 150MW solar project in Solapur, Maharashtra," it said in a statement. The LoA was won through tariff-based competitive bidding followed by an e-reverse auction, it added. TPREL CEO Ashish Khanna said, "The award is in line with our commitment to create a sustainable ecosystem for transitioning towards a greener future and affirms our potential to deliver...world-class solar projects." With this, the total renewables capacity of TPREL has reached 5,786 MW with an installed capacity of 3,877 MW (solar - 2,949 MW and wind - 928 MW) and 1,909 MW under various stages

Reverse auction must be done away with in solar: Vikram Solar vice chairman

In a Q&A, Gyanesh Chaudhary dwells on the gaps in the PLI scheme for solar projects and his company's current and future plans in this space

Solar projects can't use concessional duty as govt seeks to curb imports

Step seeks to stop project developers from avoiding basic customs duty, but it could raise cost of production

Next big thing is to take solar to everyone's life: ISA Director-General

In a Q&A, Dr Ajay Mathur talks about the Alliance's current agenda, and financing and capacity building plans across green sectors

SJVN unit, Assam discom to form JV to set up 1kMW floating solar projects

State-owned SJVN on Monday said its arm SJVN Green Energy and Assam's power distribution company APDCL have inked a pact to form a joint venture to set up 1,000 MW floating solar projects worth Rs 6,000 crore in Assam. Nand Lal Sharma, Chairman & Managing Director, SJVN, informed in a statement that a Memorandum of Understanding (MoU) has been signed between SJVN's wholly-owned subsidiary SJVN Green Energy Ltd (SGEL) and APDCL (Assam Power Distribution Company Ltd) in Guwahati. According to the statement, the MoU has been inked for developing 1,000 MW floating solar power projects in Assam by incorporating a joint venture company in the presence of the state chief minister Himanta Biswa Sarma. The MoU was signed by Sharma and APDCL managing director Rakesh Kumar. Sharma said that the project will generate 2,192 million units in the first year after commissioning, and around 50,425 million units cumulative energy will be generated over 25 years. An investment of Rs 6,000 crore will

Gujarat tops in rooftop solar with 84% of country's installations

Overall, only a third of India's residential rooftop solar capacity has been installed

Solar projects awarded before customs duty change allowed cost pass-through

Change in law allowed for hike in GST rate too as project developers face cost hikes

Module producers, project developers at loggerheads over solar policy

Both are cogs in the wheel to help India install 500 gigawatts (Gw) of non-fossil fuelled power by 2030

WAARE partners with SBI to finance projects for consumers, channel partners

/ -- WAAREE, India's largest Solar Panel manufacturer, has entered into an Agreement with SBI for availing unsecured financing for solar projects through Surya Shakti Solar Finance Scheme and providing working capital for Channel Partners under EDFS (Electronic dealer finance scheme). WAAREE intends to leverage over 500 Cr of a credit line through Surya Shakti Solar Finance Scheme and provide a digital platform for hassle-free journey to loan applicants for financing solar projects. WAAREE enjoys the largest footprint across India through its Channel partner network, which caters to the customer base in the remotest corner of the country. This unsecured financing facility shall be extensively used by Commercial Institutions, Industries, Resorts, hotels, Manufacturing Units, Warehouses for adopting solar as their new energy source. Hence boosting solar penetration across India, aiding our country's energy security and accelerating decarbonization of power. The entire ecosystem has bee

Tata Motors signs PPA with Tata Power to develop onsite solar project

Tata Motors has signed a Power Purchase Agreement (PPA) with Tata Power to develop a 7.25 Mwp onsite solar project at its commercial vehicle manufacturing facility here. The project will be a significant move to increase the renewable energy portfolio at its manufacturing facility, the company said in a statement on Tuesday. With this project, the onsite solar plant capacity of Tata Motors' Jamshedpur facility will reach 14 MWp, which will generate 442 million units of green electricity having the potential to reduce carbon emission by 3.5 lakh tonnes. This is equivalent to planting 5.6 lakh trees. Commenting on the occasion, Vishal Badshah, Plant Head, Jamshedpur, Tata Motors said, "It has been our continuous endeavour to reduce greenhouse gas emissions to achieve Net Zero Emission goal. With this agreement, we are reaffirming our commitment to sustainability by increasing the share of renewable energy in our operations. We firmly believe that this will strengthen our journey towar

NGSL to build balance of systems for 325-MW solar projects in MP's Shajapur

Engineering firm NTPCGE Power Services Pvt Ltd has bagged contracts to build balance of systems for two power projects with total capacity of 325 MW at Shajapur Solar Park in Madhya Pradesh

NTPC's 100 MW floating solar project becomes fully operational in Telangana

NTPC on Friday said its 100 megawatt (MW)floating solar photovoltaic project in Telangana has become fully operational. "Consequent upon successful commissioning, last part capacity of 20 MW out of 100 MW Ramagundam floating solar PV project at Ramagundam, Telangana is declared on commercial operation with effect from 00:00 hours of 01.07.2022," it said in a BSE filing. With this, the standalone installed and commercial capacity of NTPC has become 54,769.20 MW, while group installed and commercial capacity is 69,134.20 MW. The company did not provide any financial details of the project.