Odisha’s GRIDCO to Procure 400 MW Wind Power from SECI

Odisha’s GRIDCO to Procure 400 MW Wind Power from SECI

The Solar Corporation of India (SECI) has signed a power sale agreement (PSA) with Grid Corporation of Odisha (GRIDCO), a public sector undertaking of the government of Odisha, for 400 ...
/ / Markets & Policy, Wind
TotalEnergies Sells Half of $300 Million Renewables Portfolio

TotalEnergies Sells Half of $300 Million Renewables Portfolio

France-based energy conglomerate TotalEnergies said it has sold 50% of a 234 MW portfolio of renewable projects to insurance group Crédit Agricole Assurances. The company said that the transaction implied ...
/ / Finance and M&A, Other
Month in a Minute Top Headlines from Indian Renewable Sector in January 2023

Month in a Minute: Top Headlines from Indian Renewable Sector in January 2023

Here is a recap of important headlines from January 2023: India's solar photovoltaic (PV) module manufacturing capacity exceeded 39 GW at the end of September 2022 and is expected to reach ~95 ...
/ / Other, Renewable Energy
Daily News Wrap-Up Union Budget 2023 Focuses on Green Energy Transition

Daily News Wrap-Up: Union Budget 2023 Focuses on Green Energy Transition

The Union Finance Minister Nirmala Sitharaman laid out an expansive budgetary outlay for expediting green transition as she identified ‘Green Growth’ as one of the seven pillars for Budget 2023 ...
/ / Daily Wrap-up
Regulator Rejects Wind Developer’s Plea for Adjustment of Banked Units

Regulator Rejects Wind Developer’s Plea for Adjustment of Banked Units

Maharashtra Electricity Regulatory Commission (MERC) has ruled that a wind power generator was not entitled to an adjustment of banked units from the generating project as the banked units injected ...
/ / Other, Wind
SECI Pays ₹7.91 Billion to Solar and Wind Developers in November

SECI Pays ₹7.91 Billion to Solar and Wind Developers in November

The Solar Energy Corporation of India (SECI) has released ₹7.91 billion (~$96.6 million) in payments to solar and wind power generators for the power purchased in November 2022. The disbursal ...
/ / Other, Renewable Energy
Juniper Green, EDF Renewables, ACME, and Solarcraft Win GUVNL’s 300 MW Wind Auction

Juniper, EDF Renewables, ACME, and Solarcraft Win GUVNL’s 300 MW Wind Auction

Juniper Green Energy, WYN Renewables (EDF Renewables), ACME Pokharan Solar, and Solarcraft Power India won the Gujarat Urja Vikas Nigam’s (GUVNL) auction to supply power from 300 MW of grid-connected ...
/ / Other, Wind
Rajasthan Invites Bids for 1.5 GW of Wind-Solar Hybrid Projects with Storage

Rajasthan Invites Bids for 1.5 GW of Wind-Solar Hybrid Projects with Storage

Rajasthan Urja Vikas Nigam (RUVNL) has invited bids to set up 1,500 MW of interstate transmission system (ISTS)-connected wind-solar hybrid power projects anywhere in India with required storage for distribution ...
/ / Solar, Tenders & Auctions
US-based Corporations Procured 20 GW of Clean Energy in 2022

US-based Corporations Procured 20 GW of Clean Energy in 2022

Even as power purchase agreement (PPA) prices increased, corporations in the United States procured nearly 20 GW of clean energy in 2022. Cumulatively, 326 companies contracted 77.4 GW of clean ...
/ / Other, Renewable Energy
Vedanta to Source 691 MW of Renewables Through Open Access

Vedanta to Source 691 MW of Renewables Through Open Access

The Vedanta Group said it will source 600 MW of solar and 91 MW of hybrid renewable power through open access under the captive mode for its various operations across ...
Solar Accounts for 15% of Installed Power Capacity in 2022; Coal Drops Below 50%

Solar Accounts for 15% of Installed Power Capacity in 2022; Coal Drops Below 50%

At the end of the calendar year (CY) 2022, India's renewable energy capacity, including large hydroelectric projects, made up 40.75% of the country's cumulative power capacity, with 166.9 GW, according ...
Low-Carbon Energy Tech Investment Exceeds $1 Trillion for First Time Globally

Low-Carbon Energy Tech Investment Exceeds $1 Trillion for First Time Globally

Investments in the low-carbon energy transition have accounted for a record-breaking $1.1 trillion in 2022 and have reached parity with capital deployed for fossil fuel supply, a BloombergNEF report has ...
MNRE Grants Timeline Extension for Solar Projects Bid Before BCD Announcement

MNRE Grants Timeline Extension for Solar Projects Bid Before BCD Announcement

The Ministry of New and Renewable Energy (MNRE) has extended the timeline for the completion of solar and wind-solar hybrid projects for which bids were finalized before March 9, 2021 ...
/ / Markets & Policy, Solar
Adani Green's Renewable Capacity Up 35% YoY to 7,324 MW in 9M FY23

Adani Green’s Renewable Capacity Up 35% YoY to 7,324 MW in 9M FY23

Adani Green Energy's (AGEL) total operational capacity has increased 35% year-over-year (YoY) to 7,324 MW in the first nine months (9M) of the current financial year. The company's operational portfolio ...
/ / Other, Renewable Energy
Daily News Wrap-Up: NTPC’s BoS Tender for 1 GW Wind Projects in Gujarat

Daily News Wrap-Up: NTPC’s BoS Tender for 1 GW Wind Projects in Gujarat

NTPC Renewable Energy, a wholly-owned subsidiary of NTPC, has invited bids for the balance of system (BoS) package of interstate transmission system (ISTS)-connected wind power projects of 1,000 MW capacity ...
/ / Daily Wrap-up, Other
Project Finance Brief: Sol Systems Acquires 190 MW Solar Project in Texas

UAE’s Masdar to Develop 5 GW Renewable Energy Projects in Africa

UAE government-owned renewable energy company Masdar has signed agreements with Angola, Uganda, and Zambia to develop renewable energy projects with a combined capacity of up to 5 GW to help ...
NTPC Floats Balance of System Tender for 1 GW Wind Projects in Gujarat

NTPC Floats Balance of System Tender for 1 GW Wind Projects in Gujarat

NTPC Renewable Energy, a wholly-owned subsidiary of NTPC, has invited bids for the balance of system (BoS) package of interstate transmission system (ISTS)-connected wind power projects of 1,000 MW capacity ...
/ / Other, Wind
India's Wind Installations Increased 8% YoY to 229 MW in Q4 2022

India’s Wind Installations Increased 8% YoY to 229 MW in Q4 2022

Total wind capacity installations in India increased year-over-year (YoY) by 8%, with 229 MW added in the fourth quarter (Q4) of 2022 against 212 MW installed during Q4 2021. However, ...
Metals Used in Energy Transition Presents $10 Trillion Investment Opportunity

Metals Used in Energy Transition Presents $10 Trillion Investment Opportunity

The market value for crucial metals needed in energy transition technology will likely triple by 2050 to present a $10 trillion opportunity, BNEF’s first Transition Metals Outlook showed. It said ...
/ / Other, Renewable Energy
US Renewable Sector to See $114 Billion Annual Investments by 2031: Report

US Renewable Sector to See $114 Billion Annual Investments by 2031: Report

The Inflation Reduction Act (IRA) in the U.S. will propel the annual investment in the country’s renewable energy sector to nearly $114 billion by 2031 from $64 billion in 2022, ...
/ / Other, Renewable Energy
Rising Renewables to See the US Cut Back on Conventional Power in 2023-24

Rising Renewables to See the US Cut Back on Conventional Power in 2023-24

The Energy Information Administration (EIA) has forecasted an increase in U.S. power generation from new renewable sources, primarily wind and solar, which would cut down on generation from coal-fired and ...
/ / Other, Renewable Energy
The Crown Estate To Lease Seabed For Six Offshore Wind Projects

The Crown Estate To Lease Seabed For Six Offshore Wind Projects

The Crown Estate, which manages land and the seabed around England, Wales, and Northern Ireland, said it would lease the seabed for six offshore wind projects that could produce as ...
/ / Markets & Policy, Wind
China Installed Over 87 GW of Solar Capacity in 2022, Up 60.3% YoY

China Installed Over 87 GW of Solar Capacity in 2022, Up 60.3% YoY

China installed 87.41 GW of solar capacity in 2022, marking an increase of 60.3% compared with the previous year, according to the numbers revealed by the National Energy Administration (NEA) ...
/ / Markets & Policy, Solar
Regulator Asks DISCOM to Pay Interest on Delayed Payments to Wind Developer

Regulator Asks DISCOM to Pay Interest on Delayed Payments to Wind Developer

The Maharashtra Electricity Regulatory Commission (MERC) has directed the Maharashtra State Electricity Distribution Company (MSEDCL) to pay ₹2.62 million (~$32,073) to a wind developer as interest on delayed payment charges ...
/ / Other, Wind
Chinese Firm Starts Construction of $11.8 Billion Mega Energy Project

China’s Mega Power Project with 12 GW Renewables Share Starts Construction

China Three Gorges (CTG) Corporation, a state-owned power company, has begun constructing the first phase of its 16 GW power project, which will comprise 8 GW of solar, 4 GW ...