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    India to add 6,000 MW wind power in FY18

    According to reports, Indian wind energy sector witnessed a record installation of 5,400 MW in FY17, registering a 60 per cent growth as against 3,400 MW in FY16. With this addition, the total installation of wind moved from 27 GW to 32 GW. There was huge investor interest in the sector and a critical role was played by the State governments for this result. There was support by the State governments to establish greenfield manufacturing units, presence of FIT framework, project ... Read More »

    Fortum commissions 70 MW solar power plant in Rajasthan

    According to reports, Solar power company Fortum has commissioned a 70 Megawatt solar power plant at Bhadla solar park in Rajasthan, the company’s third and so far biggest commissioned solar project. Fortum won a reverse auction for the project in January 2016 and the building of the solar plant was conducted on schedule. The power plant will operate based on a Power Purchase Agreement (PPA), with a fixed tariff for 25 years. The Power Purchase Agreement has been made with NTPC ... Read More »

    RaysExperts commissions 5.5 Megawatt solar power project for DMRC

    According to reports, Indian solar power Engineering, Procurement and Construction (EPC) company RaysExperts has announced it has commissioned a 5.5 Megawatt solar project for Delhi Metro Rail Corporation (DMRC). The project has the capacity to produce 87 million units of power every year. “RaysExperts’ solar installation will supply power to multiple metro stations, cleaning bays, parking yards and other metro rail supporting facilities,” the company said in a statement. RaysExperts claimed this will be one of the largest distributed rooftop ... Read More »

    ADB lends $175 m to Power Grid Corporation

    According to reports, the Asian Development Bank (ADB) has extended a $175 million loan to the Power Grid Corporation of India Ltd. An official statement stated that this will be “to support construction of high voltage transmission systems to evacuate power generated from new mega solar parks to the interstate grid, and improve reliability of the national grid system.” The project will improve the capacity and efficiency of interstate transmission networks, particularly in transmitting the electricity generated from the new ... Read More »

    Power Grid eyes electric vehicle play

    According to reports, enthused by the market potential for electric vehicles (EV) in India, state-owned Power Grid Corp. of India Ltd (PGCIL), the power transmission utility responsible for establishing green energy transmission corridors, is considering setting up charging stations for EVs. The public sector unit is also exploring commercially viable energy storage solutions such as batteries that would help with grid stability—the balance between production and consumption. “We are working on developing an EV business. The idea is to store ... Read More »

    ReNew Power doubles installed capacity to over 2 GW with $1-bn investment

    According to reports, Sumant Sinha-led ReNew Power Ventures doubled its power generation capacity in a year’s time to cross 2,000 MW. It achieved the target with Rs 6,700 crore (approximately $1 billion) investment adding 430 MW of solar and 626 MW of wind capacity. Over the past six years, the company has increased its capacity multifold — starting from 200 MW in the financial year (FY) 2011-2012 to 2 GW as on March 31, 2017.  “In April 2016, we were the ... Read More »

    Tata Power Renewable Energy commissions 100 MW wind farm

    According to reports, Tata Power Renewable Energy Ltd (TPREL) today announced the commissioning of its 100 MW wind farm project in Nimbagallu, Andhra Pradesh. The Tata Power arm had commissioned 36 MW wind capacity of the plant in December 2016. Announcing the commissioning of the balance 64 MW today, Tata Power said with this, the operating renewable portfolio of TPREL has grown to 1,959 MW, comprising 907 MW wind, 932 MW solar and 120 MW waste heat recovery capacity. The ... Read More »

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