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MoP issues draft for competitive bidding on pumped storage plant projects
The Ministry of Power (MoP) has released a draft for tariff-based competitive bidding (TBCB) aimed at procuring storage capacity or stored energy from pumped storage plants (PSP). The draft outlines a single-stage, two-part bidding process, including technical and financial bidding stages, for securing storage capacity from these projects. According to the draft, for on-river pumped storage projects, operations must commence within 66 months of signing the power purchase agreement (PPA). For off-river projects, the completion…
IREDA receives approval to launch subsidiary for retail renewable energy business
The Indian Renewable Energy Development Agency (IREDA) has received in-principle approval from the Department of Investment and Public Asset Management (DIPAM) to establish a wholly-owned subsidiary focused on retail and B2B renewable energy sectors. This new entity will manage initiatives under PM-Suryaghar (Rooftop Solar), PM-KUSUM schemes, and other B2C segments, while also exploring emerging sectors such as electric vehicles (EVs), energy storage, and green technologies.
Rajasthan unveils RIPS to boost renewable energy investments
The Rajasthan government has introduced the Rajasthan Investment Promotion Scheme (RIPS) to enhance renewable energy investments, tapping into its potential of 24.22 GW in solar energy and 5.19 GW in wind energy. Under RIPS, enterprises investing in solar, wind, hybrid, and energy storage projects, including battery energy storage systems and biomass, receive various incentives. The scheme offers a 100 per cent subsidy on cross-subsidy and additional surcharges for renewable energy used in green hydrogen production…
Sustainiam to generate carbon credits for 400 MW renewable assets of Brookfield Asset Management
Sustainiam announced it has onboarded 400 MW of renewable assets from Brookfield Asset Management as part of a 5-year agreement aimed at generating and trading carbon credits. The renewable assets include 50 wind projects across states such as Gujarat, Tamil Nadu, Karnataka, and Rajasthan. Sustainiam will evaluate the green energy practices at these assets to generate carbon credits and International Renewable Energy Certificates (I-REC). Additionally, Sustainiam will facilitate Brookfield in trading these credits through its…
Sterling and Wilson Renewable Energy wins Rs 5.12 billion orders
Sterling and Wilson Renewable Energy (SWREL) has secured two new domestic orders from private independent power producers (IPPs), valued at Rs 5.12 billion. The company will provide engineering, procurement, and construction (EPC) services for a 200 MW AC/250 MWp DC solar PV project in Gujarat and a 50 MW AC/65 MWp DC solar PV plant in Maharashtra. The company, a global end-to-end renewable EPC provider, is active in utility-scale solar, floating solar, and hybrid energy…
It’s time for Punjab to hand over Shanan power project to Himachal: CM Sukhu
Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu visited the historic 110 MW Shanan Power House in Mandi district, emphasizing the need for its control to be transferred to the Himachal Pradesh government following the expiration of the lease period. Although the power house is currently operated by the Punjab government, Sukhu mentioned that discussions are ongoing regarding its handover. He noted that the Shanan project, built over a century ago, is not covered under the…