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Waree Renewable Technologies targets 15.5 GW bidding pipeline for FY25
Waree Renewable Technologies, an EPC company within the Waree Energies group, aims to achieve a 15.5 GW bidding pipeline in FY25. Chief Financial Officer Dilip Panjwani noted that the company’s order book has grown from 800 MW last year to 2.1 GW currently. For FY25, Panjwani emphasized their existing order book of 2.1 GW and highlighted the government’s policy mandating 50 GW of renewable energy tenders annually as a significant opportunity within their 15.5 GW…
Gentari, Juniper Green, and others secure SJVN’s 1.2 GW hybrid power auction
Gentari Renewables India Utilities 2, Juniper Green Energy, EG Energy Development (Enfinity Global), Sunsure Solarpark RJ One, and Adyant Enersol (Datta Infra) emerged as winners in SJVN’s Phase III auction for 1,200 MW of ISTS-connected wind-solar hybrid power projects in India. Gentari, Juniper, EG Energy, and Adyant secured 400 MW, 300 MW, 300 MW, and 70 MW, respectively, at Rs 3.19 per kWh. Sunsure won 130 MW of its quoted 150 MW using the bucket-filling…
Doosan Enerbility, SGRE and Equinor sign MoU for South Korean wind farm
Doosan Enerbility has entered into a memorandum of understanding (MoU) with Siemens Gamesa Renewable Energy (SGRE) and Equinor to collaborate on the 750MW Bandibuli floating offshore wind farm project off the coast of Ulsan, South Korea. The project, led by Equinor, will deploy Siemens Gamesa’s 15MW large-size wind turbines, while Doosan Enerbility will assemble nacelles at its Changwon wind turbine facility. Doosan Enerbility, which started its offshore wind business in 2005, is the only company…
MoP modifies budgetary support for hydropower
The Ministry of Power (MoP) has revised the provision of budgetary support for hydroelectric and Pumped Storage Projects (PSPs), allocating Rs 124.6 billion from FY 2024–25 to 2031–32 to support 31 GW of hydroelectric capacity, including 15 GW from PSPs. The support is capped at Rs 10 million/MW for projects up to 200 MW, and Rs 2 billion plus Rs 7.5 million/MW for projects exceeding 200 MW, with an increase to Rs 15 million/MW for…
Sri Lanka, India’s Petronet LNG sign MoU for power generation
The Sri Lankan government and India’s Petronet LNG Limited have signed a memorandum of understanding (MoU) to develop infrastructure for LNG storage, regasification, and supply for a combined cycle power plant. The agreement with Sri Lanka’s LTL Holdings Limited focuses on the Sobadhanavi Combined Cycle Power Plant in Kerawalapitiya, north of Colombo. The initiative would reduce energy costs by up to 50% compared to fuel-based power generation. The project, expected to be implemented within 18…
India’s energy storage capacity to rise 12-fold: SBICAPS report
India’s energy storage capacity is projected to increase 12-fold to 60 GW by FY 2032, as outlined in a new SBICAPS report. This expansion is anticipated to outpace the growth in renewable energy (RE) sources, as RE tenders increasingly include storage, rising from 5% of projects in FY 2020 to 23% by FY 2024. Battery energy storage systems (BESS) are expected to make up the majority of this growth, with projected expansion to 42 GW…