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SJVN invites bids for 700 MW solar projects in Gujarat

India, News

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…

Power Sector News Roundup for October 17, 2024

Power Bytes

Global: – World Bank approves USD 250 million for renewable energy in Lebanon– Masdar and Presight to launch AI tool for managing RE assets globally– Fugro to site investigate Rhein-Main-Link offshore wind cable project in Germany– Sumitomo and CEP Solar to deliver 1.5GW of clean energy projects in Virginia– Ignitis Group to bid in Lithuania’s second offshore wind tender – Quinbrook signs offtake agreements with Tesco and Shell for Cleve Hill Solar Park– VNG AG…

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Vikram Solar files for Rs 15 billion IPO with SEBI

India, News

Vikram Solar Ltd has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) comprising a fresh issue worth up to Rs 15 billion and an offer-for-sale (OFS) of 17.45 million equity shares by its promoters. The face value of each equity share is Rs 10, with a reservation for eligible employees, offering them a discount in the subscription segment. The company may…

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Gautam Solar to invest Rs 10 billion in 2 GW solar cell manufacturing plant in Haryana

India, News

Gautam Solar plans to establish a 2 GW solar cell manufacturing plant with an investment of Rs 10 billion. The facility, part of the company’s strategy to meet the growing demand for renewable energy, will help Gautam Solar comply with the Ministry of New and Renewable Energy’s ALMM guidelines, promoting locally manufactured components for government-subsidized projects. The company has acquired a 60-acre site in Bhiwani, Haryana, and aims to boost its competitiveness by producing high-quality,…

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India adds 3.6 GW solar open access capacity in first half of 2024, a 153% surge

India, News

India added 3.6 GW of solar open access capacity in the first half of 2024, marking a 153% increase from the 1.4 GW installed during the same period in 2023, according to a report by Mercom India. This addition surpasses the total annual installations of all previous years. In Q2 2024 alone, the country added 1.8 GW of solar open access capacity, representing a 152% year-over-year increase compared to 712.8 MW in Q2 2023. Adani…

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India’s solar installations reach 14.9 GW in first half of 2024, despite Q2 slowdown

India, News

In the second quarter (Q2) of 2024, India commissioned 5 GW of solar capacity, a significant drop of over 49% compared to the 9.9 GW installed in Q1 2024. Despite this, the first half (1H) of 2024 saw a record 14.9 GW of solar projects added, a 282% increase compared to 1H 2023, according to Mercom India’s Q2 2024 Solar Market Update. The rise in capacity is attributed to the completion of several previously delayed…

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India reinstates domestic module requirement for solar projects, sparking concerns

India, News

The Ministry of New and Renewable Energy has reinstated the requirement for solar projects in India to use modules from a government-approved list of domestic producers, known as the Authorized List of Manufacturers and Models (ALMM). This move mandates that Indian solar project developers purchase solar modules from these domestic companies, rather than opting for less expensive foreign suppliers. Economic Impact: The cost of solar projects in India has surged significantly due to this requirement….

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Axitec launches 300 MW solar module plant in Tamil Nadu

India, News

Axitec has unveiled a new manufacturing plant in Tiruvallur, Tamil Nadu, with an operational capacity of 300 MW per year. The facility will produce solar modules using n-type TOPCon technology, strategically located to optimize production and streamline the supply chain for timely product delivery. This expansion is part of Axitec’s efforts to meet growing market demands and deliver high-quality solar solutions more efficiently. The plant is in the process of obtaining ALMM certification, with listing…

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India tightens scrutiny on solar manufacturers with new reporting rules

India, News

The Indian government has mandated domestic solar cell and module manufacturers to upload details of their annual imports, exports, and manufacturing facility locations on two online portals. This move by the Ministry of New and Renewable Energy (MNRE) aims to prevent the mislabeling of imported solar cells as domestic products, ensuring compliance with Domestic Content Requirement (DCR) standards. The new rules require manufacturers listed in the Approved List of Models and Manufacturers (ALMM) to report…

India

News Subsections News India Global Socomec launches compact automatic transfer switching equipment September 10, 2024 Socomec India has unveiled its latest innovation, the “ATyS a M” pre-programmed Automatic Transfer Switching Equipment (ATSE), designed for commercial establishments, high-rise buildings, industries, and sectors like healthcare and hospitality. This… NCT approves TBCB route for Rs 100 billion interstate transmission projects September 10, 2024 The National Committee on Transmission (NCT), in its 22nd meeting on August 23, 2024, recommended…