Avaada Energy gets 820 MW hybrid project from SJVN
Avaada Energy announced on Monday that it has secured an 820-megawatt hybrid project from state-owned power producer SJVN. This achievement came through an e-Reverse Auction process.
RE-take
Electric Vehicles
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Faster nod for power connection to EV charging stations proposed
The Indian government has proposed new guidelines to reduce the approval time for electricity connections for electric vehicle (EV) charging stations. The approval time in metropolitan areas will be cut from seven days to three days, and in municipal areas from 15 days to seven days. In rural areas, the time will be reduced from 30 days to 15 days. The draft guidelines also call for an online single-window clearance system for faster processing of these connections.
Karnataka Industries Minister Patil blames Bommai govt for losing Ather EV project to Maharashtra
Bellad emphasizes the necessity of a leadership change to restore Karnataka's reputation as an investment-friendly state, calling for a shift towards concrete actions and results to attract investments.
Solar Energy
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Karnataka to set up solar park in Madhugiri, boost renewable energy production: Minister K J George
The Karnataka government plans to establish a solar park in Madhugiri taluk, following the success of the Pavagada Solar park in Tumakuru. The park will be developed in a strategic partnership with Tehri Hydro Development Corporation India Limited (THDCIL), owned by the central government. The project aims to enhance environmental stewardship and energy security in the state.
NHPC, ENGIE sign pacts for two 200 MW solar projects in Gujarat
State-owned NHPC and energy solutions provider ENGIE have signed power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam Ltd (GUVNL) for two 200 MW solar projects. NHPC's project will be located within Gujarat State Electricity Corporation's renewable energy park at Khavda, with an estimated cost of Rs 846.66 crore and a completion period of 15 months from the PPA execution date.
Insight
Hybrid Power
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Avaada Energy gets 820 MW hybrid project from SJVN
Avaada Energy announced on Monday that it has secured an 820-megawatt hybrid project from state-owned power producer SJVN. This achievement came through an e-Reverse Auction process.
Airtel's Nxtra to become 100 pc renewable energy data centre company
According to the statement, Nxtra has become the only data centre organisation in India to have pledged to RE100 and the 14th Indian company to achieve this milestone.The company claims to have increased its renewable energy use and has contracted 422,000 MWh renewable energy till date.
Wind Energy
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Viability gap funding set to boost offshore wind energy space: Crisil
The government's outlay, announced on June 19, includes Rs 6,853 crore for the installation and commissioning of 1 GW of offshore wind energy projects of 500 MW each off the coast of Gujarat and Tamil Nadu. It also has Rs 600 crore for augmentation of two ports to meet the logistics requirements for offshore wind energy projects farms and encourage developers to enter this space.
Cabinet approves offshore wind energy projects in Gujarat, Tamil Nadu with total outlay of Rs 7,453 cr
The Union Cabinet approved India's first offshore wind energy projects with a capacity of 1 GW, divided equally between Gujarat and Tamil Nadu, at a total cost of Rs 7,453 crore. Information & Broadcasting Minister Ashwini Vaishnaw highlighted this as a landmark decision, emphasizing the significant opportunity it represents for India's renewable energy sector.
Policy and Regulations
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Odisha govt approves renewable energy projects worth Rs 903 Cr
The panel approved the proposal of HPCL Renewable & Green Energy Ltd to set up a 48-MW wind energy project at Umerkote in Nabarangpur district, while ONGC Tripura Power Company Ltd got the go-ahead to develop a 49.5-MW wind energy project in Astaranga in Puri district, the statement said.
ACME ties up Rs 5,600 cr loan for green energy project in Andhra Pradesh
The projects will have the ability to supply power nationwide during peak hours without disruptions. ACME, ReNew Power, Hero Future Energies and Amp Energy won parts of the tender.
People
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View: FAME III, tax rationalization, PLI tweak & more - What the Indian EV sector needs from Budget 2024-25
India, as per IBEF, is the world’s third-largest automobile market and supports the EV 30@30 Campaign. The Finance Minister, Smt. Nirmala Sitharaman, will table the Union Budget 2024-25 next month.
Powering ahead: The role of renewable energy in electric vehicle charging infrastructure
India aims for a sustainable future with EVs & renewable energy. Challenges include sparse charging stations & policy reforms. By 2030, target is 500 GW renewable energy for a greener tomorrow.
More From Renewables
View: FAME III, tax rationalization, PLI tweak & more - What the Indian EV sector needs from Budget 2024-25
India, as per IBEF, is the world’s third-largest automobile market and supports the EV 30@30 Campaign. The Finance Minister, Smt. Nirmala Sitharaman, will table the Union Budget 2024-25 next month.
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