A report has stated the renewable-plus-fossil fuel model is the best short term option to meet the assured supply conditions in the Solar Energy Corporation of India’s round-the-clock power tenders. Further out, as the cost of batteries decline, that technology is likely to become the most viable option for providing critical, non-intermittent power.
The Indian company is planning to invest INR 3,000 crore ($403 million) in the new manufacturing facility.
The company has landed the signature of state-owned body the Solar Energy Corporation of India, which awarded Azure 4 GW of solar farms in return for the developer committing to set up 500 MW worth of cell and module production lines.
The state-owned oil and gas company is seeking bids to set up green hydrogen generation units with annual capacities of 5,000 MT and 2,000 MT, respectively, at two of its facilities in India.
SJVN’s board of directors approved a plan to set ut a wholly-owned subsidiary for the development of solar PV, wind, storage, and green hydrogen projects.
Indian generators and distribution companies will evenly split the gains achieved by bundling cheaper renewable energy with high-cost thermal sources.
The Indian authorities have announced plans to provide more funding to help more manufacturers under its production-linked incentives scheme, which is designed to support gigawatt-scale manufacturing of high-efficiency solar modules.
Shirdi Sai Electricals, an Indian transformer manufacturer and EPC contractor, has placed a $252.16 million incentive bid to set up a fully integrated, 4 GW polysilicon-to-module fab under the Indian government’s production-linked incentives scheme.
Indian renewable energy developer Adani Green had an operational capacity of 5.4 GW – including 4.76 GW of solar and 647 MW of wind – as of Sept. 30.
The Ministry of New and Renewable Energy has asked the dispute resolution committee to look into commissioning extension requests for solar projects that are due for delivery before April 1, 2022.
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