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MNRE Revises Module Efficiency Thresholds For Solar PV, Enhancing Renewable Energy Standards
India strengthens solar PV standards, mandating higher efficiencies for crystalline-silicon and cadmium telluride modules in utility, rooftop, and lighting applications. The move aims to boost solar technology adoption and meet clean energy goals. Approved by the Minister of Power and New and Renewable Energy, the amendment emphasizes India’s commitment to sustainable energy and global competitiveness. Stakeholders are urged to comply with the updated criteria to drive renewable energy advancements.
Delhi Electricity Regulatory Commission Approves Power Sale Agreement For Renewable Energy Procurement
DERC’s pivotal order on BRPL’s petition against SECI allows procurement of 110 MW from Wind-Solar Hybrid projects at ?2.48/kWh, contingent on trading margin legal proceedings. The approval aligns with RPO targets and emphasizes direct procurement’s benefits over RECs. The commission acknowledges the competitive bidding process and legal considerations, highlighting regulatory commitment to sustainable energy practices.
Adani Green Energy Launches 180 MW Solar Power Plant In Jaisalmer, Securing 25-Year PPA With SECI
Adani Green Energy Limited (AGEL) has inaugurated a 180 MW solar power facility in Devikot, Jaisalmer, Rajasthan. This development marks a substantial stride towards India’s ambition for energy security and its transition towards a low-carbon economy. The plant, under a 25-year power purchase agreement with the Solar Energy Corporation of India (SECI), is expected to generate around 540 million units of electricity annually. This output will suffice to power over 110,000 homes and is projected to cut carbon emissions by approximately 390,000 tonnes each year.
DERC Amends Guidelines For Renewable Energy Adoption With Group And Virtual Net Metering 2024
DERC announces amendments to Group Net Metering and Virtual Net Metering guidelines, effective April 1st, 2024. Changes refine definitions, mandate Distribution Licensees to bear capital expenditure, and set capacity limits for Ground Mounted Renewable Energy Systems. Projects commissioned until March 31st, 2027, exempt from certain charges, gradually increasing thereafter. Distribution Licensees must display available capacity under VNM/GNM Guidelines on their websites quarterly. Amendments aim to promote transparency and incentivize investment in renewable energy, aligning with India’s clean energy goals.
Tata Power Leads E-Mobility Revolution In Ayodhya: Installs Charging Points Along Key Routes
Tata Power, a key player in electric vehicle (EV) charging infrastructure, has joined hands with the Ayodhya Development Authority (ADA) to make Ayodhya EV-friendly by installing EV charging points in and around the city. This partnership aims to expedite EV adoption and encourage sustainable transportation solutions. These charging points will transform travel experiences for both residents and visitors, promoting the adoption of e-mobility and sustainable transport, particularly among pilgrims and tourists visiting the holy city.
NTPC Group Secures JPY 30 Billion Loan From JBIC For Green Projects
The NTPC group has announced its entry into loan agreements with the Japan Bank for International Co-operation (JBIC), a policy-based financial institution of the Japanese Government. The agreements cumulate to a total of JPY 30 billion (approximately USD 200 million or ?1,650 crore), evenly distributed between NTPC Limited and its renewable energy subsidiary, NTPC Renewables Energy Limited (NREL), with each receiving JPY 15 billion.
Varanasi Embraces Green Energy: Over 28,000 Sign Up For ‘Har Ghar Solar’ In Record Time
In a significant push towards renewable energy and sustainable development, Varanasi has emerged as a leading city under the “Har Ghar Solar Yojana,” with registrations for solar rooftop grid systems soaring past initial targets. Launched by Prime Minister Narendra Modi on February 15, 2024, the scheme has rapidly gained popularity, amassing over 28,000 registrations within just two and a half months, surpassing the goal of 25,000 connections.
KERC Adapts Tariff For Solar Rooftop Installations Under Government Subsidy Scheme
KERC issued an order to establish separate tariffs for Solar Rooftop Photovoltaic (SRTPV) installations under the PM-Surya Ghar scheme, distinct from Generic Tariff Order norms. The initiative aims to align tariff structures with subsidy scheme objectives, facilitating household-level renewable energy adoption. This proactive move by KERC signifies the commitment to tailored support for subsidized rooftop solar installations, promoting sustainable energy development in Karnataka.
GRIDCO Releases Tender For Supply Of 500 MW Energy Storage Capacity, Linked To CTU/Odisha STU
The Grid Corporation of Odisha (GRIDCO) is seeking proposals for the acquisition of 500 MW (equivalent to 2,500 MWh) of energy storage capacity, providing 5 hours of peak power support daily, over a five-year term commencing April 1, 2026. Bid submissions are due by April 23, 2024. Bids must range from a minimum of 250 MWh (50 MW x 5 hours) to a maximum of 1,250 MWh (250 MW x 5 hours). To participate, bidders must submit an earnest money deposit of ?200,000 per MW. To sign the energy storage purchase agreement (ESPA), successful bidders must provide a performance bank guarantee of ?10 lakh per MW of assigned capacity. |
