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Government Issues Delhi Solar Policy 2023 For A Sustainable Future In The Capital
The Delhi government unveils the Delhi Solar Energy Policy 2023 to accelerate solar adoption, targeting 4,500 MW of solar capacity by 2026-27. The policy introduces innovative models like group net metering and hybrid RESCO to address consumer challenges. Generation Based Incentives and capital subsidies incentivize adoption, while operational guidelines ensure effective implementation. Key stakeholders collaborate to realize the policy’s objectives, aiming to transform Delhi into a solar leader and foster a cleaner, more sustainable energy landscape for its residents.
India’s Leap into Green Future: MNRE Unveils Guidelines for Hydrogen Hubs under National Green Hydrogen Mission
The Ministry of New and Renewable Energy (MNRE) initiates the National Green Hydrogen Mission, aiming to establish two green hydrogen hubs by 2025-26. Each hub receives ?100 crore for infrastructure development and targets annual hydrogen production of 100,000 metric tons. Projects are selected based on production capacity, technology, and investment criteria. MNRE endorses successful projects, providing funding in phases for core infrastructure development.
Alpex Solar Wins Orders Worth ?43.70 Crore for 1,434 Solar Water Pumps in Haryana Under PM-KUSUM Scheme
Alpex Solar Limited has secured significant orders from the Department of New & Renewable Energy Haryana (HAREDA), under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM Scheme), for the provision of 1,434 solar water pumping systems. These systems, aimed at bolstering sustainable agricultural practices, will be installed across Haryana. The company, based in Noida, received two major orders. The first, valued at ?26.49 crore, involves the installation of 845 solar water pumps. The second order entails setting up 589 pumps with a contract value of ?17.21 crore. These initiatives fall under the PM Kusum scheme’s Component-B, focusing on replacing traditional diesel pumps to enhance the efficiency of irrigation in off-grid areas.
Mahindra Susten Secures 300 MW Solar Project in NTPC Tender, Bolstering India’s Clean Energy Agenda
Mahindra Susten Private Limited has clinched the title of the lowest bidder for a substantial 300 MW solar project in the NTPC 1,500 MW Solar Tender bid. The achievement follows a rigorous competitive bidding process culminating in an e-reverse auction conducted by the National Thermal Power Corporation (NTPC) on March 18. Mahindra Susten secured a project capacity of 300 MW at a quoted tariff of 2.59, with NTPC Limited as the off-taker. This win marks Mahindra Susten’s fifth successful bid within the fiscal year, consolidating its aggregated underdevelopment capacity to over 2 GWp.
NHPC to Develop 200 MW Solar Power Project in Gujarat’s RE Park, Aiming for Green Energy Boost
NHPC Limited has successfully secured a contract to establish a 200 MW solar power facility. This significant project will be part of the expansive 1,125 MW Renewable Energy Park owned by Gujarat State Electricity Corporation Ltd. (GSECL), located in the Khavda area of Gujarat’s Kachchh district. The initiative is anticipated to produce approximately 473 million units of electricity during its initial year post-commissioning. The development of this solar power project will adhere to a build-own-and-operate model, with the estimated investment reaching about ?847 crores.
SJVN Secures LOI for 200 MW Solar Endeavor in Kachchh’s Khavda from Gujarat Urja Vikas Nigam
SJVN Green Energy Limited (SGEL), a subsidiary of the renowned SJVN focused on renewable energy, has marked a significant milestone by securing a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited (GUVNL) to develop a 200 MW solar power project. This project, part of GUVNL’s Phase-XXIII, was awarded to SGEL following a tariff-based competitive bidding process, where SGEL proposed an impressive bid of Rs. 2.66 per unit. The bidding concluded with an electronic reverse auction.
RECPDCL and BHEL Forge Partnership for Utility-Scale Renewable Energy Development
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has entered into a MoU with Bharat Heavy Electrical Limited (BHEL) for the joint development of utility-scale renewable energy projects across the nation. This collaboration is aimed at contributing to the nation’s clean energy goals through the creation of a dedicated Special Purpose Vehicle (SPV). The SPV, benefiting from BHEL’s core engineering expertise and REC Limited’s prowess in infrastructure investment, is set to initially focus on the commercial and industrial (C&I) segment, targeting an initial capacity of 1 GW with plans for future expansion.
India Reaffirms Strict Vigilance On Solar PV DCR Compliance Under MNRE Schemes
The Ministry of New and Renewable Energy (MNRE) enforces Domestic Content Requirement (DCR) policies to boost India’s solar industry and reduce import reliance. MNRE’s Office Memorandum warns of strict actions, including criminal charges and blacklisting, for DCR violations in solar PV projects. Recent concerns prompt MNRE to reiterate DCR compliance importance, reinforcing stringent penalties for non-compliance. This reaffirmation reflects the government’s commitment to supporting domestic solar manufacturers and advancing renewable energy goals.
India Launches PM Surya Ghar: Muft Bijli Yojana With ?75,021 Crore Outlay For Rooftop Solar Power Adoption
The Government of India has launched a significant initiative aimed at promoting the adoption of rooftop solar power systems in households across the nation. Known as the PM Surya Ghar: Muft Bijli Yojana, this scheme has been approved by the President of India and boasts a substantial financial outlay of ?75,021 crore. This ambitious project, launched on February 13, 2024, targets the installation of rooftop solar plants in approximately one crore households. It encompasses various components, including the incorporation of the previous Phase II of the grid-connected rooftop solar program, thereby consolidating financial resources and responsibilities under the new scheme.
Himachal Pradesh Electricity Regulatory Commission Sets Tariff Courses For Solar PV Projects In FY 2024-25
The Himachal Pradesh Electricity Regulatory Commission sets new generic tariffs for Solar PV projects for 2024-25 after extensive consultations. Acknowledging falling module costs and tech advancements, the Commission adjusts project component costs to mirror market conditions. It addresses concerns for smaller projects by allowing cost escalation, aiming to boost solar installations. Tariffs are determined transparently, considering factors like O&M expenses and project scale, to promote competitive solar power generation in the region. |
