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Reliance Power wins 500 MW Battery Energy Storage contract from SECI

India, News

Reliance Power has secured a contract from the Solar Energy Corporation of India (SECI) to establish a 500 MW/1000 MWh Battery Energy Storage System (BESS). Awarded through a tariff-based competitive bidding (TBCB) process, the standalone BESS will operate on a build, own, and operate (BOO) model for ‘on demand’ usage, marking the company’s entry into the renewable energy and storage sector. Reliance Power will oversee the entire project, including land identification, installation, approvals, and interconnection…

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SECI announces winners for 1.5 GW electrolyser manufacturing auction

India, News

The Solar Energy Corporation of India Limited (SECI) has announced the winners for tranche 2 (Envelope-2 opening) of its electrolyser manufacturing auction, totaling 1,500 MW in capacity. These projects will be developed under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme, with awards divided across three different buckets. Bucket 1, the largest category, allocated 1,100 MW of electrolyser manufacturing capacity based on any stack technology. Waaree Energies secured the largest share with 300 MW,…

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SECI Tranche XVI auction results: 500 MW of solar projects awarded

India, News

The Solar Energy Corporation of India Limited (SECI) has announced the results of its Tranche XVI auction to develop 1.2 GW of inter-state transmission system (ISTS) connected solar projects across India. The auction, which was issued in May 2024, awarded a total of 500 MW of capacity. Sustainable and Affordable Energy for Life (SAEL) Industries Limited and NTPC Limited secured 250 MW and 200 MW respectively, both at a tariff of Rs 2.48 per kWh….

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SECI’s latest solar tender shakes up market with Rs 4.98 tariff for 630 MW

India, News

The Solar Energy Corporation of India’s (SECI) recent renewable energy tender has stirred the solar market, setting a tariff rate of Rs 4.98-4.99 per unit for 630 megawatts (MW) of solar power. This power will be supplied to BSES Rajdhani Power, BSES Yamuna Power, and Gift City in Gandhinagar. Vena Energy, Hero Future Energies, Hexa Climate, JSW Energy, and Serentica Renewables secured the bids, with JSW Energy winning 230 MW at Rs 4.98 per unit,…

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JSW secures 230 MW renewable energy contract from SECI

India, News

JSW Energy’s wholly-owned subsidiary, JSW Neo Energy Limited, has been awarded a contract to supply 230 MW of power from its renewable energy project by the Solar Energy Corporation of India (SECI). This contract was secured through a tariff-based competitive bidding process, emphasizing the company’s strong position in the renewable energy sector. The new contract brings JSW Energy’s total locked-in generation capacity to 16.4 GW, including 2.3 GW of hybrid renewable energy. The company aims…

Power Sector News Roundup for November 20, 2024

Power Bytes

Global: Neoen secures 164 MWp in French solar and agrisolar tenders Ocean Winds submits planning application for 2 GW offshore wind farm CHN Energy connects first PV units of 1 GW offshore solar project to grid Kyrgyzstan completes key infrastructure for CASA-1000 electricity project HydrogenPro and J.H.K partner for green hydrogen projects in Europe India: Omega Seiki Mobility to launch hydrogen-powered three-wheelers CERC proposes framework for carbon credit certificate trading Saatvik Green Energy to supply…

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Battery storage critical for India’s shift from coal, renewable capacity lags behind

India, News

India’s transition to renewable energy is encountering significant obstacles, according to a new report by Zero Carbon Analytics, as the country strives to meet its ambitious target of 500 GW of non-fossil fuel capacity by the early 2030s. Although renewable energy investment reached USD 12.4 billion in 2023, it is far from the USD 200 billion needed to achieve this goal. To stay on track, India needs to add 300 GW of new renewable capacity…

Power Sector News Roundup for November 8, 2024

Power Bytes

Global: European clean energy stocks fall amid Trump’s victory and policy concerns Global energy efficiency improvements lag behind COP28 targets: IEA Nigeria calls for bids to develop 4 GW gas-fired power plants Ireland’s EirGrid awards contracts for renewables integration technologies RWE chooses Thyborøn Port to build Denmark’s largest offshore wind farm EDF in talks to source nuclear power for 1 GW data centre projects in France Ireland releases geophysical data ahead of 900 MW offshore…

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ACME Solar launches Rs 30 billion IPO

India, News

ACME Solar launched its initial public offering (IPO) today, November 6, 2024, valued at Rs 30 billion, with a price band of Rs 275 to Rs 289 per equity share. The IPO, open until Friday, November 8, 2024, requires a minimum bid of 51 shares, with additional bids in multiples of 51.  The offering includes a fresh issue of Rs 23.95 billion and a sale offer of Rs 5.05 billion by ACME Cleantech Solutions. An…

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India issues 11,098 MW in renewable energy tenders, draws $103 mn in October investments

India, News

In October, India’s renewable energy sector surged with 16 new tenders, totalling a capacity of 11,098 MW.  Auctions allocated 6,316 MW to various developers, pushing India’s total renewable capacity beyond 200 GW, including large hydro, while total electricity generation capacity reached 452.69 GW.  Rajasthan, Gujarat, Tamil Nadu, and Karnataka led in renewable installations. Key tenders included NHPC’s 1,200 MW solar and SECI’s 1,200 MW round-the-clock renewables.  NTPC launched a 1,200 MW wind-solar hybrid tender with…