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Tata Power Solar Energizes India’s Renewable Sector With A 100 MW Solar And 120 MWh BESS Project In Chhattisgarh
Tata Power Solar Systems Limited (TPSSL), a leading integrated solar company and subsidiary of Tata Power Renewable Energy Limited, has successfully commissioned the nation’s largest Solar and Battery Energy Storage Systems (BESS) in Rajnandgaon, Chhattisgarh. This groundbreaking project includes a 100 MW Solar PV installation coupled with a 120 MWh utility-scale BESS, marking a pivotal advancement in green energy solutions.
Punjab State Electricity Regulatory Commission Amends Rooftop Solar Regulations In 2024
The Punjab State Electricity Regulatory Commission introduces amendments to the Grid-Interactive Rooftop Solar Photo Voltaic Systems Regulations, effective upon publication in the official Gazette. Changes to Regulation 2(za) redefine the “Settlement Period,” while Regulation 3.3 adds two provisos extending application to existing and pending systems. These amendments, enacted under the Electricity Act, 2003, aim to streamline regulations for rooftop solar systems in Punjab, ensuring clarity and consistency in implementation.
Adani Green Energy Activates 1,000 MW In Khavda’s 30,000 MW Renewable Energy Park
Adani Green Energy Limited (AGEL) has energized 1,000 MW solar capacity in Khavda, Gujarat, advancing towards its 2030 goal of 45,000 MW. AGEL installed around 2.4 million solar modules within a year, showcasing dedication to India’s 500 GW non-fossil fuel capacity target. AGEL’s ambitious plans include a 30 GW RE plant, aiming to generate over 15,200 green jobs and implement waterless cleaning robots to conserve water.
Avaada Energy’s ?50 Billion Investment To Power Maharashtra’s Agriculture With 1,138 MW Solar Capacity
Avaada Energy secures a ‘Letter of Award’ from MSAPL to develop and operate 1,138 MW of decentralized agricultural solar PV projects across Maharashtra by 2025. This initiative, part of MSKVY 2.0, aims to solarize 30% of agricultural feeders by 2025, endorsed by Maharashtra’s Deputy Chief Minister, Shri Devendra Fadnavis. The project promises reliable daytime power for irrigation, creating 2,500 jobs and contributing to rural prosperity and sustainable energy solutions.
India’s Coal Industry Charts Greener Future With 9 GW Renewable Energy Target By 2030
The Ministry of Coal in India has unveiled a comprehensive plan to significantly reduce the carbon footprint of the coal and lignite sectors. Announced in line with the Prime Minister’s ambitious ‘Panchamrit’ pledge at COP-26, this initiative seeks to align with the nation’s goal of achieving net zero carbon emissions by 2070. The Ministry is prioritizing the integration of renewable energy sources, with a particular focus on solar power, to transition towards net zero electricity consumption across Coal and Lignite Public Sector Units (PSUs). The ministry’s target is ambitious, aiming to expand the renewable energy capacity of the coal sector to over 9 GW by 2030.
SECI’s 1,500 MW FDRE-II Auction Sees Hero Future, JSW Neo, Serentica Renewables And Renew Win Big
SECI’s recent reverse auction for the ISTS Connected FDRE-II project saw competitive bidding, leading to decreased tariffs for load-following solar projects in Punjab and Madhya Pradesh. Hero Solar Energy, JSW Neo Energy, and Serentica Renewables emerged as key bidders, securing capacities at reduced tariffs, and signaling India’s growing attractiveness for solar investments. This move aligns with the nation’s goal of integrating 1500 MW of solar energy, furthering its commitment to sustainable energy solutions.
Renewable Energy Company Wins Compensation Battle Against MSEDCL Over Increased GST Rates Impacting Solar Project Costs
ACME Heergarh Powertech Private Limited successfully sought compensation from Maharashtra State Electricity Distribution Company Limited due to a GST rate increase affecting their 300 MW solar project. The commission ruled in AHPPL’s favor, recognizing the GST hike as a ‘Change in Law’ event. AHPPL will receive compensation for increased costs and carrying costs. Both parties must reconcile claims within a month. Monthly compensation will be divided over the PPA tenure, adjusted based on the energy supplied, ensuring fair compensation and regulatory clarity.
REC Limited Sets ?20,000 Crore Annual Financing Plan For Rajasthan’s Power & Infrastructure Over Next Six Years
REC Limited collaborates with the Government of Rajasthan, pledging annual loans of Rs 20,000 crores for six years to finance diverse infrastructure projects. The partnership aims to boost economic growth, spanning power generation, transportation, IT, tourism, and more. The MoU signing event witnessed dignitaries from state and central governments, highlighting REC’s commitment to sustainable development and nation-building.
Torrent Power Secures 306 MW Solar Project Under Maharashtra’s MMKVY 2.0 And PM KUSUM Schemes
Torrent Power Limited has been declared the winner in a competitive bid and has received a Letter of Award from the Maharashtra State Electricity Distribution Co. Limited (MSEDCL) on March 7, 2024, for a significant solar power venture. This initiative involves setting up a 306 MW grid-connected solar power project across 48 different locations within the Nasik District of Maharashtra. The prestigious letter was presented by Maharashtra’s Deputy Chief Minister, Shri Devendra Fadnavis.
SIDBI Secures Green Climate Fund Approval For $120 Million Sustainability Project The Small Industries Development Bank of India (SIDBI) announced that it has received the Green Climate Fund’s (GCF) approval for the Avaana Sustainability Fund (ASF), a project with a total value of $120 million. This significant step forward was disclosed during the GCF’s 38th board meeting held in Kigali, Rwanda, on March 5. SIDBI, as an accredited entity of the GCF, will see the fund invest $24.5 million into the ASF, marking a notable advancement in India’s climate finance and sustainability efforts. |
