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Tata Power commissions 126 MW floating solar project in Madhya Pradesh
Tata Power Renewable Energy Limited (TPREL) has commissioned a 126 MW Omkareshwar floating solar project in the Khandwa district of Madhya Pradesh. The Rs 5.96 billion engineering, procurement, and construction (EPC) project was awarded by NHDC Limited and will supply power to the Madhya Pradesh Power Transmission Company Limited (MPPTCL). Completed within 26 months, this installation is among India’s largest floating solar projects, marking a significant milestone in the country’s renewable energy sector. With this…
REC to finance Rs 3 trillion for infrastructure projects in Rajasthan
REC Limited has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan during the “Rising Rajasthan Investors Meet.” As part of the agreement, REC will increase its annual financing from Rs 200 billion to Rs 500 billion for power and non-power infrastructure projects in the state. The six-year MoU, running until 2030, is valued at Rs 3 trillion.
KPI Green signs PPAs with GUVNL for renewable energy projects
KPI Green Energy has signed power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam (GUVNL) for 620 MWAC (917 MWDC) renewable energy projects. The agreement includes a 250 MWAC (275 MWDC) grid-connected solar photovoltaic project, won through a competitive bidding process under Phase-XXIV, aimed at procuring power from 500 MW grid-connected solar projects across India, with an additional greenshoe option for up to 500 MW. Additionally, KPI Green secured a 370 MWAC (642 MWDC) grid-connected…
HydroWing and PLN to develop Indonesia’s first tidal energy plant
HydroWing, a division of Inyanga Marine Energy Group, has signed a binding agreement with a sub-holding of Indonesia’s state-owned power company, PLN (Perusahaan Listrik Negara), to develop the country’s first tidal energy project. The 10 MW tidal current power plant is planned for East Nusa Tenggara in the Indonesian archipelago. This partnership builds upon a 2022 Memorandum of Understanding between HydroWing and PLN aimed at accelerating tidal energy development in Indonesia through site selection, resource…
CEA clears two hydro pumped storage projects in Maharashtra
The Central Electricity Authority (CEA) has cleared the 1,500 MW Bhavali PSP by JSW Energy and the 1,000 MW Bhivpuri PSP by Tata Power, adding over 15 GWh of energy storage capacity. For FY25, CEA aims to approve 15 hydro PSPs totalling 25,500 MW, with four projects already cleared. The renewable energy share in India’s power generation is expected to rise to 35 percent by FY30. Additionally, the Union Cabinet has approved a revised scheme…
IndiGrid, Kintech and H.G. Infra win NVVN’s BESS auction
IndiGrid, Kintech Synergy, and H.G. Infra Engineering have emerged as winners in NTPC Vidyut Vyapar Nigam’s (NVVN) auction to develop 500 MW/1,000 MWh standalone battery energy storage systems (BESS) with Viability Gap Funding (VGF) support. NVVN, a subsidiary of NTPC, allocated 250 MW to IndiGrid 2 at a tariff of Rs 236,999 per MW per month. Kintech Synergy received 65 MW at Rs 237,490/MW/month, and H.G. Infra was awarded 185 MW at Rs 238,000/MW/month. According…