JSP Green, Adyant Enersol, Green Prairie Energy IV, AMPIN Energy Utility, Adani Renewables Energy Holding Twelve won NTPC’s auction to supply 1,200 MW wind-solar hybrid power from projects connected to the inter-state transmission system with a greenshoe option of up to 600 MW. JSP Green won 350 MW at a tariff of ₹3.38 (~$0.0395)/kWh. Adyant Enersol, Green Prairie Energy IV, and AMPIN Energy Utility won 150 MW, 200 MW, and 150 MW, respectively, at a tariff of ₹3.44 (~$0.0402)/kWh.

Mercom India conducted a series of exclusive interviews with top executives from the renewable energy sector and government agencies, sharing their insights on the industry and the way forward. Here is a look back at some impactful interviews that delve into renewable energy policies, the rooftop solar sector, smart metering innovations, commercial and industrial solutions, and parametric insurance for the renewables sector.

In 2024, India witnessed significant momentum in the renewable energy sector, with tenders for nearly 70 GW of utility-scale solar projects issued nationwide. Among these, Rajasthan emerged as a leader. The largest tender of the year, launched by Rajasthan Urja Vikas and IT Services, targeted 8,000 MW of ground-mounted solar projects. These projects are designed to integrate with the state transmission utility at a voltage level of 33 kV or higher.

Approximately 11 GW of wind-solar hybrid tenders (without storage) were issued during 2024 by various implementing agencies. These hybrid projects gained momentum as they offered more consistent energy supply and better capacity utilization than standalone wind or solar projects. Their co-located design minimizes land use and allows shared evacuation infrastructure. This article provides an overview of the top wind-solar hybrid project tenders floated in 2024, based on Mercom India Research.

The Jharkhand Renewable Energy Development Agency issued an expression of interest to develop 3 GW of grid-connected ground-mounted solar photovoltaic projects in Jharkhand in a build-own-operate mode. Bids must be submitted by January 15, 2025, and will be opened on January 17. Selected bidders must identify suitable land, design, build, and construct the energy evacuation facilities for the projects.

The Ministry of New and Renewable Energy has issued guidelines for implementing two critical components of the PM Surya Ghar: Muft Bijli Yojana program. The first component pertains to the central financial assistance for residential consumers eligible under the renewable energy service company (RESCO) and utility-led aggregation models. The second component involves the payment security mechanism to cover defaults and delays and ensure timely payments to RESCO developers.

Waaree Renewables Technologies (WRTL), a subsidiary of Waaree Energies, has secured an engineering, procurement, and construction (EPC) contract for a 2 GW solar project in Bikaner, Rajasthan, from Sunbreeze Renewable Nine, a special-purpose vehicle of Jindal Renewables. This is the largest-ever solar EPC contract bagged by Waaree. The scope of work includes designing, engineering, procuring, supplying, constructing, testing, and commissioning the solar project. WRTL will also ensure clean energy delivery to the designated point of injection.

Noida-based rooftop solar solutions and products company Fujiyama Power Systems (UTL Solar) has filed the draft red herring prospectus in preparation for an Initial Public Offering (IPO). The IPO, with a face value of ₹1 (~$0.012) per share, comprises a fresh issue of shares worth up to ₹7 billion (~$81.77 million) and an offer-for-sale of up to 20 million shares. The company aims to use the proceeds from the fresh issue amounting to ₹2.5 billion (~$29.20 million) to establish a manufacturing facility in Ratlam, Madhya Pradesh, ₹3 billion (~$35.05 million) to repay outstanding borrowings, and the rest for general corporate purposes.

BatX Energies (BatX), an India-based sustainable and circular Lithium-ion (Li-ion) battery recycling company, has inaugurated its critical minerals extraction project (HUB-1) in Sikandrabad, Uttar Pradesh. The facility aims to extract high-purity lithium, cobalt, nickel, and manganese from used Li-ion batteries to address the resource demands of India’s growing electric vehicle market. This facility builds on BatX’s black mass production unit, established in 2022 in the same region. The company has scaled its operations to a commercial level after a 21-month industrial pilot in 2023.