Author: PPD Team Date: 24/12/2024
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Global solar and battery storage costs to decline further in 2025
Author: PPD Team Date: 07/02/2025 A BloombergNEF report forecasts a decline in the levelized cost of electricity (LCOE) for grid-scale solar and battery energy storage in 2025. LCOE, which measures lifetime costs divided by energy production, enables cost comparisons across energy technologies. The report projects that the LCOE of fixed-axis utility-scale solar projects will decline 2% year-over-year, from $36 per MWh in 2024 to $35 per MWh in 2025. By 2035, this is expected…
JSW commissions 300 MW wind power plant in Tamil Nadu
Author: PPD Team Date: 19/09/2024 JSW Renew Energy Two, a subsidiary of JSW Energy, has commissioned the 300 MW wind power plant at Tuticorin, Tamil Nadu. The inter-state transmission system (ISTS) project, awarded by the Solar Energy Corporation of India (SECI) under Tranche-X, is the company’s first greenfield wind power plant for SECI. An additional 150 MW of wind capacity under SECI Tranche-X, located at Dharapuram, is also nearing completion, with 138 MW already operational….
GE Vernova delivers 3.4MW wind turbine to NREL for energy research
Author: PPD Team Date: 20/12/2024 GE Vernova’s Advanced Research Center has delivered a 3.4MW-140m wind turbine to the National Renewable Energy Laboratory (NREL) for energy research. The wind turbine will serve as a research platform at NREL, focusing on areas such as grid testing, installation technologies, sensors and controls, mechanical systems, aerodynamic solutions, DC coupling, battery energy storage, and hydrogen electrolysers. The project is funded by the US Department of Energy, aligning with GE Vernova’s…
India approves 50 solar parks to boost 37.5 GW renewable capacity
Author: PPD Team Date: 06/11/2024 The Union Ministry of Renewable Energy has approved the establishment of 50 solar parks with a combined capacity of 37.5 GW, marking a major milestone in India’s renewable energy journey. These solar parks will be strategically placed across various states to optimize energy generation and distribution, supporting India’s goal to transition towards cleaner energy sources and reduce reliance on fossil fuels. Alongside the solar parks, the government is expanding offshore…
Suzlon secures 201.6 MW wind project contract in Madhya Pradesh
Author: PPD Team Date: 14/02/2025 Suzlon Energy Limited (SEL) has won a contract from Oyster Renewable Energy Private Limited (OREPL) for the supply, erection, and commissioning of 64 S144 Wind Turbine Generators (WTGs) with Hybrid Lattice Tubular (HLT) towers. Each turbine has a rated capacity of 3.15 MW, contributing to a 201.6 MW wind power project in Madhya Pradesh. The contract was awarded on February 12, 2025. Suzlon will be responsible for supplying the wind…
Voith Hydro emerges as L1 bidder for Mankulam HEP E&M works
Author: PPD Team Date: 02/01/2025 Voith Hydro Private Limited has emerged as the lowest bidder (L1) for the electro-mechanical (E&M) works of the Mankulam Hydro Electric Project (HEP) by quoting Rs 1,770.14 million. Kerala State Electricity Board (KSEB) had invited bids for the project in March 2024. Bharat Heavy Electricals Limited (BHEL) ranked as the L2 bidder with a quote of Rs 1,970 million. The 40 MW Mankulam HEP-Phase I, located in Devikulam taluk, Idukki…