Indian Regulatory Updates, Solar Power Bids, and Green Hydrogen Mission Progress
Key Ideas
- Gujarat Urja Vikas Nigam invites bids for 500 MW solar projects nationwide, with a greenshoe option, offering opportunities for new, developing, and operational projects.
- SECI initiates the National Green Hydrogen Mission, seeking executing agencies to establish Green Hydrogen Hubs, aiming to boost hydrogen production and utilization.
- MSEDCL calls for bids to set up 300 MW/600 MWh standalone battery storage projects in Maharashtra, emphasizing facilitating energy storage availability for on-demand use.
- Scatec records a significant revenue increase in Q2 2024, attributing growth to new plant operations in different countries and strong performance in power production segments.
The Draft Central Electricity Regulatory Commission (CERC) regulations outline penalties for the withdrawal of connectivity or General Network Access (GNA) applications before formal approval. Gujarat Urja Vikas Nigam's bid invitation for 500 MW solar projects across India, with an additional 500 MW option, presents opportunities for solar developers. The Solar Energy Corporation of India (SECI) is progressing with the National Green Hydrogen Mission by calling for proposals to establish Green Hydrogen Hubs. Maharashtra State Electricity Distribution Company (MSEDCL) is moving towards setting up pilot battery energy storage projects in Maharashtra. Meanwhile, Scatec, a Norway-based power producer, has reported impressive revenue and power generation growth in the second quarter of 2024. On the trade front, the American Alliance for Solar Manufacturing Trade Committee is raising concerns about increased solar imports from Vietnam and Thailand, potentially impacting the domestic solar sector.