As per the information provided by Ministry of New & Renewable Energy (MNRE), Government of India, installed capacity of wind power projects in India has reached to 45886.51 MW as on 29th February 2024. During the FY 2023-24 from April 2023 to March 2024 around 3253.38 MW has been added.
It is learnt that According to the latest data from the Union Ministry of New and Renewable Energy, the total new capacity added during FY24 soared to 18,485 MW, surpassing the previous record set in FY23. Notably, the solar power segment accounted for 81 percent of this new capacity.
It is learnt that in response to a petition submitted by the Solar Energy Corporation of India (SECI), the Central Electricity Regulatory Commission (CERC) has granted approval for a tariff of Rs 2.9 per kWh and Rs 2.95 per kWh for SJVN's 100 MW and 500 MW wind project.
It is learnt that SJVN has invited bids for the comprehensive operation and maintenance of the 47.6 MW Khirvire wind power project in the Ahmednagar District of Maharashtra for five years. The last day to submit the bids is May 2, 2024. Bids will be opened on the same day.
It is learnt that Government-owned lender Indian Renewable Energy Development Agency approved loans amounting to Rs 373.54 billion and disbursed Rs 250.89 billion in loans during the financial year 2023-24. The approved and disbursed amounts were the highest-ever annual figures recorded by the lender.
It is learnt that State-run Solar Energy Corporation of India (SECI) has floated a request for selection (RFS) for the survey and development of offshore wind energy capacities. The last date for submitting bids is May 6, 2024 and they will be opened the next day.
It is learnt that The Indian Energy Exchange (IEX) traded 3,227 million units (MU) of renewable energy during the financial year (FY) 2024, a 38% year-over-year (YoY) decrease compared to 5,206 MU.
It is learnt that Consumers with a contracted or sanctioned load of 100 kW and above, including those combining multiple connections to reach 100 kW within the same electricity division of a power distribution company (DISCOM), can procure power through green energy open access (GEOA), according to Telangana State Electricity Regulatory.
It is learnt that the tender mentioned, the period of downloading of bidding documents to be from 12th April 2024 to 22 April 2024 (till 17:00 HRS) and the bid closing date for the bids is 22nd April 2024. The pre-bid conference and last date for receipt of queries from prospective Bidders is 23rd April 2024.
It is learnt that State-run NTPC Ltd, the country's largest integrated power utility, aims to add 5 gigawatt (GW) of installed capacity in the financial year 2024-25. Of this, the company plans to install 3 GW of renewable energy capacity and remaining 2 GW of thermal power capacity.
It is learnt that Torrent Power clinches a significant milestone with the receipt of a Letter of Award (LoA) for 150 MW wind solar hybrid project. Operating under the greenshoe option, the project is set to supply power at a competitive tariff of Rs 3.65 per kWh. Scheduled for commissioning within 24 months from the signing of the power purchase agreement (PPA), the contract spans 25 years. Ensuring robust performance, the project targets a minimum capacity utilization factor (CUF) of 50% annually.
It is learnt that Adani Green Energy has become India's first company to have 10,000 MW renewable energy capacity.
It is learnt that ReNew, a global leader in the clean energy sector announced the completion of 1.94 gigawatts (GW) of renewable energy assets in the financial year 2024, taking its total capacity beyond the 10 GW mark.
It is learnt that NTPC has invited bids for the supply of power from 1 GW of wind-solar hybrid power projects anywhere in India. The projects will be developed on a Build-Own-Operate (BOO) basis and connected to the Interstate Transmission System (ISTS) grid. The last date for bid submission is April 16, 2024.
It is learnt that SJVN, a joint venture of the Government of India and the government of Himachal Pradesh, has invited bids from developers for setting up of 600 MW Inter-state transmission system-connected wind projects in India on a build-own-operate basis. The last date to submit the bids is May 15, 2024.
It is learnt that Uttar Pradesh Power Corporation Ltd. (UPPCL) has planned to generate 14,000MW of energy from solar, wind and hydro-power projects by 2026-27, taking the total to about 24,000MW renewable energy capacity in the coming years. This includes allocating 5,000MW from solar projects and 4,500MW each from wind and hydro-power projects.
It is learnt that Adani Green Energy Limited (AGEL) currently has an operating renewable portfolio of over 9.5 GW, the largest in India, spread across 12 states. Adani Green Energy Limited (AGEL) has operationalized 126 MW wind power capacity in Gujarat. This marks the completion of the 300 MW of project, with 174 MW being operationalized earlier.
It is learnt that the KPI Green has won the GUVNL tender for a 500 MW hybrid renewable power project. The tender includes a greenshoe option for an additional 500 MW. KPI Green Energy received the Letter of Intent (LOI) for a 50 MW project comprising 16.80 MW Wind and 50 MW Solar.
It is learnt that JSW Neo Energy, a wholly owned subsidiary of JSW Energy, has received letter of awards (LoA) for an additional 500 megawatt (MW) of wind capacity from Solar Energy Corporation of India (SECI) (Tranche XVI). The company received a letter of award (LoA) for an additional 500MW under the greenshoe option for SECI wind power projects, taking the total capacity to 1,000 MW.
It is learnt that I-Fox Windtechnik India Pvt Ltd (Subsidiary company of Inox Green Energy Services) has bagged an order for restoration of 33 wind turbine generators (WTGs) of 1.5MW each from NLC India. The scope of the contract comprises supplies of materials/spares and other activities for the restoration of 33 WTGs within a period of eight months.
It is learnt that National Asset Reconstruction Company (NARCL) emerged as the winning bidder in an uncontested Swiss challenge auction for a majority debt of Wind World (India). NARCL offered to acquire debt from lenders, providing an 18% recovery.
It is learnt that JSW Renewable Energy (Coated), a wholly owned subsidiary of JSW Neo Energy and a step down subsidiary of the JSW Energy, will buy 45 MW Wind Power Project from Reliance Power, in Maharashtra.
It is learnt that Torrent Power Limited has received letter of award (LoA) from Torrent Power Limited-Distribution Unit for setting up of 150 MW (renewable energy power) grid-connected wind solar hybrid projects under greenshoe option. The renewable energy project will supply power at a tariff of Rs 3.65 per kWh, and will be commissioned within 24 months from the signing of power purchase agreement. The contract will be for 25 years from the commissioning of the project.
It is learnt that Gujarat has received intention proposals for 10GW of renewable energy projects under the Renewable Energy Policy 2023. The Gujarat Energy Development Agency (GEDA) has received proposal intentions for 5GW of solar projects and 5GW of wind and wind-solar hybrid projects.