Daily News Wrap-Up: Tata Power Bags 150 MW Solar Project from Maharashtra DISCOM

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Tata Power Renewable Energy (TPREL), a wholly-owned subsidiary of Tata Power, received the letter of award from the Maharashtra State Electricity Distribution Corporation to set up a 150 MW solar project in Solapur. With this, the total renewables capacity, including pipeline projects of TPREL, has reached 5.79 GW. Out of the total installed capacity of 3.88 GW, solar accounts for 2.95 GW and wind for 928 MW. Another 1.91 GW of projects are under various stages of implementation. The project will be commissioned within 18 months from the date of the signing of the power purchase agreement.

Amazon India and TVS Motor Company announced a strategic agreement to strengthen electric mobility, electric infrastructure, and connected services. As part of this deal, a fleet of electric two-wheelers and three-wheelers from TVS Motor will be deployed for Amazon’s last-mile deliveries. To test solutions, the two companies will pilot TVS Motor’s EV solutions through partner base and delivery associates across India. In 2020, Amazon India announced that it would include 10,000 EVs in its delivery fleet by 2025. The collaboration is also in line with TVS Motor’s announcements aiming to have EVs across segments like delivery, commuter, and premium.

Emergent Solren (ESPL) has been incorporated as a wholly-owned subsidiary of Mahindra Holdings, which in turn is a wholly-owned subsidiary of Mahindra & Mahindra. The subsidiary has been incorporated for producing and selling solar power, generating electricity and distributed energy, including rooftop solar installation for the commercial, industrial, institutional and residential segments, solar water pumps, and other related matters. The authorized share capital of ESPL is ₹1 million (~$12,290), comprising 100,000 equity shares of ₹10 each (~$0.12). The paid-up share capital of ESPL is ₹500,000 (~$6,145), including 50,000 equity shares of ₹10 (~$0.12) each.

Gautam Solar has expanded its G2X series of modules by launching high-efficiency solar modules of 450W with bigger M10 cells. The modules are said to be compact in size, making them easier to handle, particularly in rooftop solar installations. With a dimension of 1,923 mm x 1,134 mm x 35 mm, the modules offer 206.4 W/m2 of power per unit area. The modules are being manufactured at the company’s manufacturing facility in Haridwar, Uttarakhand, which expanded its manufacturing capacity to 400 MW, with plans to expand it to 1 GW in the near future.

The Central Electricity Regulatory Commission (CERC) has notified that the ‘Deviation Settlement Mechanism and Related Matters Regulations, 2022’ will come into force from December 5, 2022. The regulations were first proposed in September last year and were finalized in March 2022. In another notification, CERC added that the ‘Terms and Conditions for Renewable Energy Certificates for Renewable Energy Generation Regulations, 2022’ will also be valid from December 5, 2022. The regulation was finalized in May this year.