Here are some noteworthy cleantech announcements of the day from around the world:
Tata Power Renewables Energy Ltd, a wholly-owned subsidiary of Tata Power, announced the commissioning of its 300 MW solar power project in Dholera, Gujarat. Believed to be India’s largest single-axis solar tracker system, the project will generate 774 million units (MUs) annually. The project will also help reduce approximately 704340 metric tons per year of carbon emissions. The installation includes 873,012 monocrystalline photovoltaic modules. With the addition of 300 MW, the renewables capacity in operation for Tata Power is now at 3.4 GW with 2.5 GW of solar and 932 MW of wind. Tata Power’s total renewable capacity is 5.02 GW, including 1.6 GW of projects under various stages of implementation.
NTPC announced the commissioning of the last part capacity of 80 MW out of the 160 MW Jetsar solar project in Rajasthan. It also announced the commissioning of a separate 250 MW captive power unit at Rourkela in the state of Odisha. The captive power project is located at NTPC Sail Power Company, a joint venture company of NTPC, in Odisha. With this, the installed and commercial capacity of NTPC Sail Power Company has become 1.06 GW, and NTPC’s standalone installed and commercial capacity has become 54.6 GW, while the group installed and commercial capacity of NTPC has become 68.9 GW and 68.3 GW, respectively.
The Uttar Pradesh Electricity Regulatory Commission (UPERC), in a recent ruling, allowed Avadh Sugar and Energy to use the existing 132 kV transmission line to evacuate power from its bagasse and slop-based power project. The Commission noted that Avadh Sugar and Uttar Pradesh Power Corporation must sign a supplementary power purchase agreement as the parties have agreed to a revised tariff of ₹2.59 (~$0.034)/kWh for the energy supplied from Avadh Sugar’s power project.
Bhageria Industries, a pharmaceutical and solar project developing company, announced the commissioning of its 4.5 MW solar project at Kombhalne village in Ahmednagar, Maharashtra. The project is a turnkey engineering, procurement, and construction (EPC) based project for its client’s captive consumption.
Hindustan Zinc, a subsidiary of Vedanta, approved the proposal for entering into a long-term group captive renewable power development plan up to 200 MW. The project will be built under a group captive norms and build-own-operate (BOO) basis under a special purpose vehicle (SPV), in which Hindustan Zinc will own 26% of the equity with the contribution of up to ₹3.5 billion (~$46.35 million). The SPV is expected to start delivering power within 24 months of signing the power delivery agreement.
Indian Oil Corporation, Larsen & Toubro (L&T), and ReNew Power announced the signing of a binding term sheet to form a joint venture (JV) to develop the green hydrogen sector in India. The tripartite venture aims to bring together L&T’s credentials for designing, executing, and delivering EPC projects, Indian Oil’s expertise in petroleum refining and its presence across the energy spectrum, and the expertise of ReNew in developing utility-scale renewable energy solutions. Additionally, Indian Oil and L&T have signed a binding term sheet to form a joint venture with equity participation to manufacture and sell electrolyzers used to produce green hydrogen.
Satish Shetty is a Copy Editor with Mercom India. Prior to Mercom, Satish was a multimedia news producer at Reuters, where he gained experience in digital news media. Satish has his Bachelor of Arts (B.A.) degree in Broadcast Journalism from Limkokwing University of Creative Technology, Malaysia.
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