2021-12-21 12:55:00
INDIA'S SOLAR POWER 2.3 GW
ENERDATA - 21 Dec 2021 - The Solar Energy Corporation of India (SECI) has signed Power Purchase Agreements (PPA) with Azure Power for 2,333 MW of inter-state transmission system (ISTS)-connected solar power projects in Rajasthan (India), as part of the 4 GW manufacturing linked projects awarded in 2019 and 2020. The projects will be commissioned in phases, with the first 1,000 MW expected by November 2024, 1,000 MW by November 2025 and the remaining 333 MW by November 2026.
In December 2019, the SECI selected Azure Power to develop 2 GW of solar power projects of 500 MW each across India between 2022 and 2025. SECI had contracted their power generation under a 25-year PPA at a tariff of INR2.92/kWh, enabling Azure Power to avoid curtailment and to override ISTS transmission fees. In addition, in July 2020, the SECI awarded another 2 GW ISTS solar power project to Azure Power, pursuant to the exercise of a greenshoe option as part of an earlier 2 GW win with SECI.
In addition, Azure Power has received a Letter Of Award (LOA) for a 200 MW wind-solar hybrid power project (133 MW solar and 67 MW wind) from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL); the company will supply power at a fixed tariff of INR 2.62/kWh (US$3.5c/kWh) over a 25-year period.
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Earlier:
2021, December, 14, 14:05:00
INDIA'S HYDROPOWER +30 GW
India aims to reach a non-fossil energy capacity of 500 GW by 2030.
2021, November, 19, 11:40:00
INDIA'S COAL DEMAND UP
India has pledged to increase the share of renewables in its energy mix from about 38% last year to 50% by 2030.
2021, November, 18, 13:15:00
INDIA'S RENEWABLE ALLOW
Under the provision, India's power distribution companies will not have to make separate PPAs for selling renewable power, which is cheaper than some other sources of power, and more profitable.
2021, November, 16, 14:20:00
INDIA RENEWABLES NEED INVESTMENT
India’s energy demand will increase by 35% from 2019 to 2030.
2021, November, 15, 11:40:00
INDIA'S RENEWABLE INVESTMENT $20 BLN
Overall, AGEL's investments in renewables and hydrogen could total US$70bn by 2030.
2021, November, 3, 11:55:00
INDIA'S NET ZERO 2070
"And fifth - by the year 2070, India will achieve the target of net-zero. These panchamrits will be an unprecedented contribution of India to climate action."
2021, October, 29, 13:45:00
INDIA'S POWER DEMAND GROWTH
As per the recently released, World Energy Outlook 2021, IEA forecasts that’s India's power demand is slated to nearly treble to 5000 TWh by 2050, let primarily by renewable sources of energy.
