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MNRE Exempts Renewable Energy Plants In SEZs And EOUs From RLMM Requirements For Green Hydrogen Production
MNRE issues a memorandum granting exemption from ALMM requirements for renewable energy plants in SEZs or EOUs supplying power exclusively to Green Hydrogen production facilities. Effective until December 31, 2030, this move aims to promote Green Hydrogen utilization, aligning with strategic directives from the Minister of Power and New & Renewable Energy.
Avaada Energy Secures ?315 Crore Financing From AIFL For Captive Solar PV Project In Karnataka
Avaada Energy, a subsidiary of the Avaada Group and a prominent player in the renewable energy sector, has obtained ?315 crore in financing from Aseem Infrastructure Finance Ltd (AIFL) for a solar photovoltaic (PV) power project in Karnataka. This project is part of a long-term captive Power Purchase Agreement (PPA) with the Karnataka Cooperative Milk Producers’ Federation Ltd (KMF). The solar project, situated in the Kalaburagi district, will supply power to KMF, the leading organization in the dairy cooperative movement in Karnataka. KMF holds an A+ (Stable) rating from ICRA, indicating its strong financial stability.
ADB Pledges $2.6 Billion To India For Urban Development And Power Sector Reforms In 2023
In 2023, the Asian Development Bank (ADB) pledged $2.6 billion in sovereign lending to India, targeting projects aimed at urban development, industrial corridor enhancement, power sector reforms, climate resilience, horticulture support, and connectivity improvement. Additionally, ADB provided $23.53 million in technical assistance and $4.1 million in grants. The bank also committed over $1 billion for private sector projects within the year.
GERC Releases Draft Regulations For Fourth Amendment (2024) On Net Metering For Rooftop Solar PV Grid Interactive Systems
The Gujarat Electricity Regulatory Commission (GERC) has proposed the fourth amendment to streamline net metering regulations for rooftop solar PV systems in Gujarat. Key provisions include updating transformer capacity annually, shifting infrastructure costs to distribution licensees, and detailing installation procedures. Charges for system strengthening vary based on consumer type and capacity. The amendment emphasizes a structured timeline for project implementation, including technical feasibility reports and connectivity consent. GERC aims to optimize processes, facilitating Gujarat’s transition to renewable energy with enhanced efficiency.
Adani’s 700 MW Hybrid Project Overcomes Legal And Environmental Hurdles To Meet Renewable Goals
In Mumbai, Adani Electricity Mumbai Ltd. (AEML-D) faced challenges in their 700 MW Renewable Energy Hybrid Project, necessitating an extension of the Scheduled Commissioning Date (SCOD) due to COVID-19 lockdowns and legal hurdles. The Ministry of New and Renewable Energy granted a blanket extension amidst the pandemic. Legal injunctions and environmental mandates further delayed construction. AEML-D adapted by consolidating agreements into a single Power Purchase Agreement (PPA). Despite setbacks, the project’s eventual commissioning showcased resilience and highlighted the need for flexible regulatory frameworks in navigating unforeseen obstacles in renewable energy projects.
Dispute Resolution In Andhra Pradesh’s Solar Sector: Navigating Contractual Complexities And Regulatory Decisions
In Andhra Pradesh, two solar power companies faced termination of Power Purchase Agreements (PPAs) due to exceeding agreed-upon panel installations. Greenko Solar Power and SEI Arushi Pvt. Ltd. installed additional panels, breaching contract terms. APSPDCL terminated PPAs, leading to legal battles citing MNRE clarifications. Andhra Pradesh Electricity Regulatory Commission ruled termination unjustified but required prior approval for excess installations. The case illuminates challenges in India’s renewable sector, stressing the need for adaptable agreements amidst evolving technology and market dynamics.
SECI Invites Bids For 1,200 MW ISTS-Connected Solar PV Projects Under SECI-ISTS-XVI (2024)
SECI issues RfS for 1,200 MW ISTS-connected solar PV projects in India, allowing bids from developers with untied capacity. The bidding process includes PBG submission and a Single Stage, Two-Envelope procedure. Developers must commit to a minimum contracted capacity of 50 MW and declare project CUF. SECI accepts part commencement of power supply with a 24-month SCSD. EMD of ?9,42,000 per MW per project is required. Successful bidders must provide PBG valued at ?23,55,000 per MW. The RfS aims to bolster India’s renewable energy capacity through competitive bidding.
GERC Denies Plea For Interim Relief In Dispute With GUVNL Over 400 MW Solar Project Delays
In a dispute before the Gujarat Electricity Regulatory Commission (GERC), Enren Energy sought a timeline extension for their 400 MW solar project due to delays. Despite citing force majeure events, GUVNL contested, asserting their right to encash a performance bank guarantee if milestones aren’t met by the set date. GERC declined interim relief, stressing the guarantee’s independence from project delays. Both parties were given time for further submissions before a final decision.
BERC Proposes New Amendments To Boost Rooftop Solar Adoption In Bihar (2024)
BERC initiates a proceeding to amend rooftop solar grid-interactive system regulations, inviting public comments and holding a hearing. The amendment aims to expedite connectivity by mandating distribution licensees to issue guidelines within three months. Applications for systems up to 10 kW will be automatically accepted without feasibility studies, streamlining the process. These changes align with BERC’s goal of promoting renewable energy adoption in Bihar, fostering a more efficient and sustainable energy distribution system. |
