Daily News Wrap up: Karnataka Set To Install 40,000 Solar Pumps Under PM-KUSUM

RENEWABLE ENERGY NEWS

Karnataka Set To Install 40,000 Solar Pumps Under PM-KUSUM

Karnataka 2024 Budget released some key initiatives to support the solar sector such as through the installation of solar pumps. The 2024 budget emphasized some key initiatives to make farmers self-sufficient. The Karnataka government will install 40,000 off-grid solar pump sets under the PM-KUSUM Component-B...Read more.

SJVN Concludes 1500 MW Wind-Solar Hybrid Auction With Competitive L1 Tariff of Rs 3.43/kWh

Satluj Jal Vidyut Nigam Limited (SJVN), a renewable energy sector company has announced that it successfully concluded a reverse auction for a 1500 MW wind-solar hybrid project on February 20. The auction witnessed competitive bidding, resulting in the establishment of an opening L1 tariff of...Read more.

GERC Revises Tariff To Rs 2.57 For 700 MW Project Between SECI, GUVNL

Gujarat Electricity Regulation Commission (GERC) recently approved the power usage agreement signed by Gujarat Urja Vikas Nigam Limited (GUVNL) with Solar Energy Corporation of India Limited (SECIL). The agreement was undertaken for procurement of 700 MW power from their solar PV power plant that is...Read more.

PM Modi Launches Four RE Projects By Torrent Power At UP Summit

At the recently held UP investors summit, Prime Minister Narendra Modi laid the foundation stone for four projects with an investment of approx. ? 25,000 crores being developed by Gujarat based Torrent Power in Uttar Pradesh.The Torrent Group's four projects were launched during GroundBreaking Ceremony...Read more.

BluSmart, TATA Power Sign 30 MW PPA To Procure Green Energy

BluSmart, an eMobility ride-hailing service and electric vehicle (EV) charging infrastructure network provider, announced a multi-year Power Purchase Agreement (PPA) with Tata Power Trading Company Limited (TPTCL) a wholly owned subsidiary of Tata Power.?The PPA will allow BluSmart to source green power from TPTCL....Read more.

New Rooftop Subsidy Only For Applications Post Feb 13-MNRE

The Ministry of New and Renewable Energy (MNRE), in a fresh update on Geb 20, has declared that only applications received after Feb 13, 2024 will be considered for Central Financial Assistance (CFA) under the PM Surya Ghar Muft Bijli Yojana. The move comes even...Read more.

ReNew Announces Q3 Results With Net Loss Of Rs 3,216 Million

Gurugram based ReNew Energy Global Plc, a leading decarbonization solutions company, has announced its unaudited consolidated IFRS results for the third quarter of FY-2024 and nine months ended December 31, 2023. ReNew has released the operating highlights. The firm says that as of December 31,...Read more.

Roofsol Energy Commissions 27.2 MWp Utility-Scale Project In Tamil Nadu

Mumbai-based company for ground mount and rooftop solar solutions for commercial & industrial clients Roofsol Energy Pvt Ltd announced the commencement of a 27.2 MWp utility-scale project in Tamil Nadu. In a post on Linkedin, the company said that it has now commissioned a 27.2...Read more.

Goa Govt, PFC Collaborate To Set Up Blended Finance Facility With World Bank

Power Finance Corporation (PFC), a NBFC, power sector PSU and renewable energy financier in India, collaborated to support the climate ambitions in Goa. They signed a Memorandum of Understanding (MoU) to support the climate ambitions of the state of Goa. The support extended would be...Read more.

U-Solar and GMR Ink Deal to Develop Solar Projects Across India

GMR Green Energy Limited, the renewable arm of the GMR Group, and U-Solar Clean Energy Solutions, a Bengaluru-based solar EPC and RESCO company, have signed a Memorandum of Understanding (MoU) to execute their 250 MWp pipeline of solar projects across multiple states in India within...Read more.

IREDA To Establish Subsidiary For Retail Finance

In a clear sign of its determination to go it alone if required for achieving solar rooftop targets, the?Chairman and Managing Director (CMD) of Indian Renewable Energy Development Agency Ltd. (IREDA), Pradip Kumar Das has confirmed IREDA's plans for establishing a subsidiary to cater to...Read more.

CEA Proposes Key Changes In Draft Regulations For Connectivity

In a draft notification proposing specific changes through a second amendment to the to the Connectivity and General Network Access to the inter-State Transmission System) Regulations, 2022, the Central Electricity Authority has proposed some key changes. The first amendment was done back in 2023, while...Read more.

Italy’s PLT Energia And GGS Energy to Develop 1 GW RE Projects in Texas

Italy-based renewable and energy storage company PLT Energia has announced that its subsidiary PLT Energy US Corp has entered into a joint venture with GGS Energy to develop more than 1 GW of renewable energy in Texas, United States. According to a press statement, the...Read more.

Ciel & Terre Taiwan, HEXA Complete Floating Solar Project In Taiwan

Ciel & Terre Taiwan, a floating solar PV (FPV) solution provider, and HEXA Renewables, a pan-Asia renewable energy platform, recently announced the successful conclusion of Taiwan’s near-shore floating solar projects. The project is situated within the Changbin Industrial Park in Changhua County, this project represents...Read more.

EV'S & STORAGE NEWS

MNRE Notifies Guideline For 13 GW RE, 12GWh BESS Projects In Ladakh

The Cabinet Committee on Economic Affairs (CCEA) in its notification shared the recent President's sanction for the implementation of a 13 GW renewable energy project in Ladakh (IST GEC - II). The long awaited project comprises of 13 GW renewable energy capacity along with a...Read more.

Bengaluru-Based EV Startup Pravaig Dynamics To Export Batteries To Greece

Bengaluru-based electric vehicle startup Pravaig Dynamics has announced that it won a deal to export its energy storage systems for solar farms in Greece, according to a report by the news agency PTI. This has been a breakthrough for an Indian company in the highly...Read more.