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ABRAM
- Jan 31
- 2 min
IREDA Floats 5 GW Tender For Grid-Connected Solar Power Projects Under CPSU Program
The last date to submit the bids is March 04, 2021 The Indian Renewable Energy Development Agency (IREDA) has floated a tender for the setting up of 5 GW of grid-connected solar power projects in India (Tranche III) under the Central Public Sector Undertaking (CPSU) program (Phase II). The last date to submit the bids is March 04, 2021. Bids will be opened on March 08th. The pre-bid meeting will take place on February 18th. Bidders will have to pay an amount of ₹400,000 (~$5
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ABRAM
- Jan 31
- 3 min
500%-800% Rise in Freight Charges Adding Financial Burden on Solar Projects
Some developers are terminating contracts at FOB Incoterms when the freight arrives at the port Indian solar developers face a new challenge while importing modules, especially from China. Solar companies are reporting that shipping/freight charges have shot up substantially in the range of 500%-800% in the last quarter, raising the cost of new installations. As a result, contracts are being terminated at FOB (freight on board) Incoterms and the freight at actuals at the port
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ABRAM
- Jan 30
- 2 min
Vikram Solar Commissions 140 MW Solar Project for NTPC in Uttar Pradesh
NTPC Limited has informed the stock exchanges that it has commissioned a 140 MW Solar Project at Bilhaur, Kanpur, Uttar Pradesh. The Statement -“In line with the Corporate Disclosure requirements, we wish to inform that consequent upon successful commissioning and due approvals, 140 MW capacity Bilhaur Solar PV Project at Bilhaur, Uttar Pradesh, has been declared on Commercial Operation w.e.f. 18.01.2021. With this, the commissioned capacity of Bilhaur Solar PV Project, NTPC
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ABRAM
- Jan 30
- 2 min
Grinntech To Boost Up Lithium-Ion Batteries Production in New Manufacturing Plant
Grinntech, a startup focused on Lithium-Ion batteries for electrical vehicles (EVs) and energy storage systems announced the inauguration of their larger manufacturing plant in Chennai. The new manufacturing plant is built on a one-acre plot, it will have a capacity to produce 400 MWh per year of Lithium-Ion batteries suitable for electric two-wheelers, three-wheelers, farm tractors, and light vehicles. Recounting their achievements, the Co-Founder of Grinntech Puneet Jain st
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ABRAM
- Jan 30
- 2 min
Tata Power Solar Confirms Rs 460 Crore Project Award From GSECL
Tata Power Solar has received an LoA to build a 95 MW solar project for GSECL, the order value of the project is approximately Rs 460 crores. Tata Power Solar, one of India’s largest integrated solar companies and a wholly-owned subsidiary of Tata Power, has announced that it has received a Letter of Award (LoA) to build a 95 MW ground-mounted solar PV project for Gujarat State Electricity Corporation Limited (GSECL). The order value of the project is approximately Rs 460 cro
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ABRAM
- Jan 30
- 4 min
Banking Energy for Wind Power Projects Will Continue: APTEL
The Tribunal said that the Commission's order relied only on the pleas of the DISCOM The Appellate Tribunal of Electricity (APTEL) has set aside an order of the Tamil Nadu State Electricity Regulatory Commission (TNERC) regarding the banking of energy, terming it unjust. The Tribunal reiterated that energy banking for renewable energy projects will continue and the state commissions should not tamper with the provision. TNERC had in an order in 2018 increased the banking char
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ABRAM
- Jan 30
- 2 min
NTPC Invites Bids for Setting up Methanol Production Facilities Across India
The last date to submit the bids is March 31, 2021 NTPC Limited has invited expression of interest (EoI) from Indian and global companies to set up methanol manufacturing facilities at its power projects across India. The setting up of these facilities will be subject to approvals from the state and central governments. The facilities will be developed in an aggregator mode on a build, own, and operate (BOO) basis. The last date to submit the bids is March 31, 2020. The bids
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ABRAM
- Jan 30
- 2 min
CDC Announces $30 Million Green Lending Facility to Tata Cleantech Capital
The facility will help provide loans for e-mobility solutions and energy efficiency U.K.’s development finance institution and impact investor, CDC Group, has announced a $30 million facility to Tata Cleantech Capital Limited (TCCL) through CDC’s directed green lending facility. This first of its kind facility will enable Tata Cleantech Capital to offer loans to businesses that focus on e-mobility solutions and water and energy efficiency to help mitigate climate change. Tata
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ABRAM
- Jan 29
- 2 min
India and Denmark Launch Green Strategic Partnership
India and Denmark have begun a new era in the form of a far-reaching “Green Strategic Partnership” that will enable Denmark in delivering sustainable solutions to India. India and Denmark have begun a new era in the form of a far-reaching “Green Strategic Partnership” that will enable Denmark in delivering sustainable solutions to India. The Green Strategic Partnership is a mutually beneficial arrangement to advance political cooperation, expand economic relations and green g
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ABRAM
- Jan 29
- 2 min
SolarArise Commissions 75 MW Solar Plant in Uttar Pradesh
ThomasLloyd, an investor in Gurugram based SolarArise announced that SolarArise India Projects has commissioned a 75 Megawatt (MW) solar PV plant in Khera village, Budaun District, Uttar Pradesh. Jakson Limited was given the mandate to build by SolarArise. The firm was founded in 2014 by James Abraham, Anil Nayar and Tanya Singhal backed by GEEREF, CIIF and ThomasLloyd Group. In 2018, ThomasLloyd, an emerging markets specialist, invested in Delhi-registered SolarArise alongs
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ABRAM
- Jan 29
- 1 min
SECI Reschedules Pre-Bid Meeting for 25 MW BCCL Solar Plant in West Bengal
SECI has announced that the pre-bid meeting for its tender for 25 MW solar PV power plant at BCCL in West Bengal, has been rescheduled The Solar Energy Corporation of India (SECI) has announced that the pre-bid meeting for its tender for setting up of 25 MW solar PV power plant at the Bhojudh Coal Washery of Bharat Coking Coal (BCCL) in the Purulia district of West Bengal, has been rescheduled. In its notification, the nodal agency has stated that the site visit for the proje
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ABRAM
- Jan 29
- 3 min
West Bengal to Solarize 700 Grid-Connected Agricultural Pumps Under KUSUM Program
The last date to submit the bids is February 13, 2021 West Bengal State Electricity Distribution Company Limited (WBSEDCL) has invited bids to install and commission distributed grid-connected solar systems for agricultural consumers under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM KUSUM) program. Under Component C of the KUSUM program, the government aims to solarize 1.5 million grid-connected agriculture pumps of up to 7.5 HP capacities
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ABRAM
- Jan 29
- 2 min
India's Renewable Power Installations Reached 138 GW at the End of 2020
Thermal-based power sources dominate the power generation in the country, with a 63.3% market share The overall share of renewable energy (excluding large hydro projects) in the country’s installed power capacity mix stood at 138.27 GW, with a total share of 36.7% at the end of 2020, as per data from the Central Energy Authority (CEA), the Ministry of New and Renewable Energy (MNRE), and Mercom’s India Solar Project Tracker. The share of renewable energy was a marginal increa
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ABRAM
- Jan 29
- 1 min
Coal secretary directs officials to expedite rehabilitation process
As per the latest survey, 1.04 lakh families, including 32,000 legal land owners living in 595 fire and subsidence-prone spots in Jharia have to be shifted to safe places under Jharia Rehabilitation and Development Authority (JRDA). Dhanbad: Coal Secretary Anil Jain on Thursday reviewed progress of the rehabilitation project for people living in fire and subsisdence-prone areas in Jharia and directed officials to implement it on a priority basis, a senior mining official said
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ABRAM
- Jan 28
- 2 min
Japan energy firm Inpex sets 2050 net zero emission goal
The move comes after Japanese Prime Minister Yoshihide Suga pledged to make Japan carbon-neutral by 2050 and with global oil and gas companies shifting away from fossil fuel to green energy TOKYO: Inpex Corp, Japan's biggest oil and gas producer, said on Wednesday it is targeting net zero carbon emissions by 2050 through the expansion of renewable and hydrogen energy as well as the use of carbon capture technology. The move comes after Japanese Prime Minister Yoshihide Suga p
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ABRAM
- Jan 28
- 2 min
Government plans $41 billion reform to revive ailing power utilities
Govt plan to revive regional electricity retailers. The announcement is likely to be made on Feb. 1 as part of the government’s budget for the year starting April 1 India plans to spend Rs 3 lakh crore ($41 billion) on a new plan to revive regional electricity retailers, people with knowledge of the matter said, after a previous attempt failed to stem losses at the utilities. The spending would be spread over a few years and is likely to be unveiled on Feb. 1 as part of the g
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ABRAM
- Jan 28
- 3 min
Battery storage cheaper than new coal power plants: Analysis
The report finds the levelized cost of energy for a hypothetical hybrid, solar, wind and li-ion battery storage system for the state to be Rs 4.97/kWh in 2021, which falls to Rs 3.4/kWh by 2030 New Delhi: A new economic viability analysis on Friday revealed that renewable energy along with battery storage in Tamil Nadu is cost competitive with new coal power plants. The report finds the levelized cost of energy for a hypothetical hybrid, solar, wind and li-ion battery storage
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ABRAM
- Jan 28
- 4 min
Biden: 'We can't wait any longer' to address climate change crisis
The directives aim to conserve 30 percent of the country's lands and waters in the next 10 years, double the nation's offshore wind energy WASHINGTON: In the most ambitious U.S. effort to stave off the worst of climate change, President Joe Biden signed executive orders Wednesday to transform the nation's heavily fossil-fuel powered economy into a clean-burning one, pausing oil and gas leasing on federal land and targeting subsidies for those industries. The directives aim to
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ABRAM
- Jan 28
- 1 min
Total targets 100 GW of renewable energy capacity by 2030
"In 2030 we will have invested in 100 gigawatts of gross capacities; this is the objective and it will be spread in ... 30 countries around the world," Patrick Pouyanne told an energy panel PARIS: Oil major Total aims to have 100 gigawatts (GW) of gross renewable energy generation capacity by 2030, the head of the company said on Wednesday. "In 2030 we will have invested in 100 gigawatts of gross capacities; this is the objective and it will be spread in ... 30 countries arou
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ABRAM
- Jan 28
- 1 min
Cipla sets up 30 Megawatt solar power plant in Maharashtra
Spread across 115 acres, the solar project has been commissioned in partnership with AMP Energy India, Cipla said in a regulatory filing. New Delhi: Drug major Cipla on Wednesday said it has set up a 30 MW solar group captive project at Tuljapur, Maharashtra, to support green energy requirements for its plants and reduce environmental footprint. Spread across 115 acres, the solar project has been commissioned in partnership with AMP Energy India, Cipla said in a regulatory fi
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ABRAM
- Jan 28
- 2 min
EDEN Renewables India secures USD 165 million finance for 450-MW solar project
For this transaction, EDEN was advised by Herbert Smith Freehills and L&L Partners Law Offices as legal advisors, and Chatham Financial Europe as hedge benchmark advisor New Delhi: EDEN Renewables India has tied up with DBS Bank Ltd, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation (Singapore Branch) for funding or financing its USD 165-million (about Rs 1,200 crore) 450 megawatt peak solar power project in Rajasthan. "EDEN Renewables India (EDEN) has successfu
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ABRAM
- Jan 28
- 1 min
Increasing partnership between India & IEA could soon yield full membership: IEA Executive Director
According to the IEA's existing framework, only members of the OECD (Organisation for Economic Co-operation and Development) can become full members of the agency An increasing partnership between India and the International Energy Agency (IEA) could soon yield a full-member status for India, IEA's executive director Fatih Birol said on Wednesday. "We hope that after this signing ceremony, the potential pathways to eventual membership will be closely looked into from both sid
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ABRAM
- Jan 28
- 2 min
Hero Electric to convert Shree Maruti Courier's fleet across 5 cities to electric scooters
Shree Maruti Courier Services plans to expand this service to 20 cities and add more than 500 E-bikes in future New Delhi: Electric two-wheeler maker, Hero Electric on Thursday said it has partnered with Ahmedabad-based Shree Maruti Courier Services Pvt Ltd to convert the latter's fleet across five cities to electric scooters. The partnership is part of a pilot project by the logistics firm across Ahmedabad, New Delhi, Mumbai, Pune, and Chennai and is aimed at initiating a no
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