|

Reliance Industries awarded 10-GWh battery storage plant under PLI scheme

By

The government has awarded Reliance Industries Limited (RIL) a 10-GWh Advanced Chemistry Cell (ACC) battery storage plant under the Production-Linked Incentive (PLI) scheme, selected through a quality and cost-based selection (QCBS) mechanism. Under the scheme’s terms, RIL has to ensure at least 25 per cent domestic value addition, increasing to 60 per cent within five years, and make a mandatory investment of Rs 2.25 billion per GWh for the committed capacity within two years. According…

|

Alpex Solar plans to double solar module capacity to 2.4 GW by FY26

By

Solar solutions provider Alpex Solar is set to double its photovoltaic solar module capacity to 2.4 GW by FY26. The company is developing a greenfield project with 1.2 GW capacity at Kosi Kotwan, Mathura in Uttar Pradesh. Alongside this, Alpex Solar is exploring entry into solar cell manufacturing at gigawatt scale to meet rising domestic and global demand. The company recently completed the expansion of its solar PV module capacity to 900 MW, with the…

|

Welspun signs MoU for 1.2 GW pumped hydro storage project in Maharashtra

By

Welspun New Energy has signed a memorandum of understanding (MoU) with the Maharashtra government for the construction of the 1.2 GW ‘Dhamni Pumped Hydro Project’. The Rs 50 billion project will be located in Pune and Raigad districts and is expected to be completed within six to seven years. The MoU, signed in Mumbai on 3 August 2024 in the presence of Deputy Chief Minister Devendra Fadnavis, focuses on providing long-duration energy storage to balance…

|

Infineon explores power semiconductor segment in India 

By

German semiconductor giant Infineon is considering entering the power semiconductor market in India, with plans to produce wafers and silicon carbide (SiC) chips for use in electric vehicles (EVs), industrial, and telecom sectors. On 4 September 2024, company executives met with Minister of Electronics and IT Ashwini Vaishnaw in Delhi to discuss this potential venture. This move follows Infineon’s recent opening of the first phase of the world’s largest 200 mm SiC fab plant in…

|

PM Modi addresses the first International Solar Festival 2024

By

Prime Minister Narendra Modi virtually addressed the first International Solar Festival 2024, organized by the International Solar Alliance (ISA), a coalition of 119 member and signatory countries promoting solar energy for a carbon-neutral future. The festival centred on the role of youth, communities, women, and the private sector in advancing solar power, with a focus on innovation, financing, and global cooperation. PM Modi reaffirmed India’s commitment to a green and inclusive future. Mauritius Prime Minister…

|

UPNEDA issues tender to solarise 10,000 agricultural pumps under PM-KUSUM

By

The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has released a tender to solarise 10,000 agricultural pumps under component C-1 of the PM-KUSUM scheme. The scope of work includes the supply, installation, testing, and commissioning of distributed grid-connected solar photovoltaic systems, along with maintenance for five years. The deadline for bid submissions is September 23, 2024. As per the tender guidelines, bidders are required to submit a tender fee of Rs 11,800 and…

|

KPI Green secures approvals for 16 MW solar projects

By

KPI Green Energy Limited has received approvals from the Chief Electrical Inspector for 16 MW of solar power projects under its captive power plant (CPP) business. These projects were executed for KPI Green Energy’s clients and developed through its wholly-owned subsidiaries, KPIG Energia Private Limited and Sun Drops Energia Private Limited.

|

Sunsure Energy secures Rs 2.26 billion in financing from Tata Capital for solar projects in Uttar Pradesh

By

Sunsure Energy Private Limited has reportedly secured Rs 2.26 billion in long-term debt financing from Tata Capital to support its portfolio of open-access solar projects in Uttar Pradesh. These projects, with a combined operational capacity of 75 MWp, are financed through five special purpose vehicles (SPVs) and are strategically distributed across the state. The solar projects are already supplying clean energy to several prominent industrial consumers, contributing to a greener energy future by offsetting approximately…

|

Sun Drops secures 7 MW solar projects under CPP segment

By

Sun Drops Energia Private Limited, a wholly owned subsidiary of KPI Green Energy Limited, has received letters of intent (LoI) to execute solar power projects with a cumulative capacity of 7 MW under the company’s captive power producer (CPP) business segment. These projects are slated for completion in the financial year 2024-25, with execution to occur in phases as outlined in the order’s terms.

|

Interstate transmission system to boost Andhra Pradesh’s renewable energy integration

By

The National Committee on Transmission (NCT) recently approved an interstate transmission system (ISTS) to integrate 4.5 GW of renewable energy from the Anantapur-II Renewable Energy Zone (REZ) in Andhra Pradesh. The project, estimated at Rs 46.79 billion, will facilitate energy evacuation through infrastructure enhancements. The project will be implemented under the tariff-based competitive bidding (TBCB) route, with PFC Consulting Ltd (PFCCL) serving as the bid process coordinator. Named “Transmission System for Integration of Anantapur-II REZ…