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IEX records 4% increase in traded electricity volume in October 2024
The Indian Energy Exchange (IEX) reported a traded electricity volume of 9,642 million units (MU) in October 2024, marking a 4% year-on-year growth. IEX also traded 4.44 lakh renewable energy certificates (RECs) in October, a notable 105% increase from the previous year. India’s energy consumption for October reached 140.4 billion units (BUs), a 1% increase from the previous year, according to government data. The Market Clearing Price in the Day-Ahead Market (DAM) fell 39% year-on-year…
SJVN invites bids for 700 MW solar projects in Gujarat
SJVN Green Energy has issued a tender for the design, engineering, supply, erection, testing, and commissioning of solar projects with a cumulative capacity of 700 MW (100 MWx7 plots) at the Khavda Renewable Energy Park in Gujarat. The bid submission deadline is set for November 19, 2024, with bids to open the same day. The projects are divided into two phases: Phase 1: 500 MW under Gujarat Urja Vikas Nigam (GUVNL) Phase-XXI, comprising five plots…
Ormat Technologies to build 101MW geothermal plant in New Zealand
Ormat Technologies has signed a $200 million engineering, procurement, and construction (EPC) contract with Contact Energy for the development of the 101 MW Te Mihi Stage 2 geothermal power plant in New Zealand. Scheduled for completion by mid-2027, this project will contribute to New Zealand’s renewable energy goals by gradually replacing the 1950s-built Wairakei geothermal power station. Te Mihi Stage 2 marks Ormat’s fourth major project in New Zealand, leveraging its expertise in binary technology…
Maharashtra’s PM Surya Ghar Muft Bijli Yojana achieves 100 MW rooftop solar capacity
The PM Surya Ghar Muft Bijli Yojana has successfully surpassed 100 MW of rooftop solar (RTS) power generation capacity in Maharashtra. Under this initiative, 25,086 customers have installed 101.18 MW RTS power plants, leveraging the program’s incentives. The Maharashtra State Electricity Distribution Company (MahaVitaran) oversees the implementation of the scheme. Launched in February, the initiative offers a maximum subsidy of Rs 78,000 for a 3 kW plant, funded by the Central government. A direct payment…
Amperon launches Asset-Level Renewable Generation Forecasts
Amperon, an AI-powered electricity forecasting and analytics services provider in USA, has launched Asset-Level Renewable Generation Forecasts. This service enables renewable energy producers and utilities to view solar generation forecasts at individual site and aggregate levels for improved portfolio management. Each hour’s forecast accuracy is calculated based on the asset’s nameplate capacity, enhancing transparency and accountability. The forecasts provide 15-day solar predictions updated hourly and sub-hourly at 5-minute intervals, helping reduce financial losses from over-scheduling…
Swedish firm OX2 buys 1GW onshore wind project in Australia
Renewable energy developer OX2 has acquired its first onshore wind project in Western Australia, with a planned capacity of 1GW. Located north of Perth, the project is in the early development stages and will include a 100MW battery energy storage system. The acquisition involves collaboration with 20 landowners, and the original developers will continue to oversee the approval process alongside OX2. This acquisition is part of OX2’s strategy to expand its renewable energy portfolio in…