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The Karnataka Electricity Regulatory Commission (KERC) has introduced the Peer-to-Peer Solar Energy Transaction Regulations 2024, allowing consumers to engage in net or gross metering for solar rooftop photovoltaic (SRTPV) projects. Effective upon gazette publication, these regulations facilitate P2P energy transactions through blockchain or similar platforms. Prosumers can sell excess energy directly or to distribution licensees if no buyers are available. Compliance with KERC standards, transparent procedures, and smart meters is required for participation. Further directions may be issued for implementation.
JSW Neo Energy Secures 230 MW ISTS-Connected Renewable Energy Project From SECI
JSW Neo Energy Limited has been awarded a significant contract by the Solar Energy Corporation of India (SECI) for the supply of 230 MW of firm and dispatchable renewable energy (FDRE). This award is part of SECI’s competitive bidding process for a total of 630 MW of firm and dispatchable power from ISTS-connected renewable energy projects (SECI-FDRE-IV). With this new capacity, JSW Energy’s total locked-in generation capacity now stands at 16.4 GW. This includes 2.3 GW of hybrid capacity, which encompasses the recently awarded FDRE project.
India’s Solar Capacity Reaches 85.47 GW As Government Accelerates Renewable Energy Initiatives
The Indian government announced that the country’s total installed capacity for solar photovoltaic (PV) energy has reached 85.47 gigawatts (GW), alongside a wind energy capacity of 46.65 GW. The government is actively promoting the development of renewable energy (RE) through a range of measures designed to incentivize industries to shift from conventional coal-based thermal energy to renewable sources.
Oorja Secures $1.5 Million in Pre-Series A Funding To Expand Solar Irrigation Services
Oorja, a leading provider of solar irrigation services and agricultural advisory for smallholder farmers in India, has successfully closed a US$1.5 million Pre-Series A funding round. The funding round raised $1.2 million in equity from impact investors including Acumen, elea, a family trust advised by Artha Impact, Echoing Green Signal Fund, Partners Group through its employee-run impact investment association PG Impact, and 1to4 Foundation. Additionally, $300,000 was secured in non-dilutive funding from the Swiss Re Foundation. These new investments join Oorja’s existing support from Schneider Electric Energy Access Asia.
Blueleaf Energy Achieves Financial Close For 200 MW Hybrid Wind-Solar Power Plant In India
Blueleaf Energy, a leading pan-Asian renewable energy platform backed by a Macquarie Asset Management-managed fund, has announced the financial close for its 200-megawatt (MW) wind-solar hybrid power plant in Madhya Pradesh, India. The project has secured approximately USD 170 million in financing from Axis Bank, a prominent private sector bank in India. The Pachora Hybrid Power Project will be developed, owned, and operated by Blueleaf Energy, with commercial operations expected to commence in 2025.
Global Investment Consortium Infuses $275 Million into India’s Fourth Partner Energy for Renewable Expansion
Global impact investors International Finance Corporation (IFC), Asian Development Bank (ADB), and Deutsche Investitions- und Entwicklungsgesellschaft (DEG) have collectively invested $275 million into Fourth Partner Energy (FPEL), India’s leading renewable energy solutions provider. This significant funding is aimed at supporting FPEL’s expansion plans and its target of building a portfolio of 3.5 gigawatts (GW) of renewable energy assets by 2026.
North Western Railway’s Jaipur Division Seeks Bids for 2,748 kWp Rooftop Solar Power Plant Installation
The Jaipur Division has announced a significant opportunity for the development of a grid-connected rooftop solar power plant with a total capacity of 2748 kWp. The tender for this project, classified as an “Open Bidding System Two Packet System,” is now open for bids and is set to close on August 23, 2024. The project encompasses the supply, installation, testing, and commissioning of an on-grid solar power system, which includes wall-mounted inverters, SPV arrays, module mounting structures, power conditioning units, MPPT controls, protections, interconnecting cables, switch gears, and other necessary accessories.
Sunkind India Lands 19.9 MWp Solar Orders, Expands into New Markets
Sunkind India has announced the acquisition of substantial new orders totaling 19.9 MWp from its distinguished clients, the Nahar Group and the Jindal Group. This latest achievement underscores Sunkind India’s position as a top EPC (Engineering, Procurement, and Construction) company and marks a significant milestone in its expansion into Tier-2 and Tier-3 cities.
TNERC Orders Compensation For Solar Curtailment Losses Affecting 249 MW Solar Projects In Tamil Nadu
On August 1, 2024, the Tamil Nadu Electricity Regulatory Commission (TNERC) ordered compensation for Walwhan Renewable Energy Ltd. and Walwhan Solar TN Ltd. due to revenue losses from curtailments by TANGEDCO and related entities. The petitioners, operating 249 MW of solar power, faced financial losses from frequent curtailments without written confirmation. TNERC directed TANGEDCO to compensate for the deemed generation loss and mandated better coordination and adherence to the ‘Must Run’ status for solar projects, emphasizing renewable energy support.
CSERC Approves Open Access For 20 MW Solar PV Power Without Dedicated Feeder
M/s RR Ispat, part of Godawari Power & Ispat Ltd., petitioned for an exemption from installing a dedicated feeder to access solar PV power under CSERC regulations. The company, with a 28 MWp solar plant, sought to use an existing common distribution feeder due to the plant’s remote location. CSPDCL and CSPTCL supported the exemption if conditions such as installing metering equipment and agreeing to specific terms were met. The commission granted the exemption, allowing RR Ispat to use the common feeder for their solar power.
APGCL Invites Bids for Project Management Consultancy Services for 50 MW Lower Kopili Solar PV Project
The Assam Power Generation Corporation Limited (APGCL) has announced a tender for consultancy services to provide Project Management Consultancy (PMC) for the establishment of a 50 MW Solar PV Project at Lower Kopili. Eligible consulting firms must have experience in delivering PMC services for at least one successfully commissioned Solar PV project (ground-mounted or floating) with a minimum capacity of 25 MW within the past three years. |
