Winners Announced for NHPC's 1,200 MW Renewable Energy Auction in India
Key Ideas
- NHPC's auction winners include Essar Renewables, Juniper Green Energy, Serentica Renewables, Hexa Climate Solutions, and Avaada Energy for a total of 1,200 MW of power with energy storage systems.
- The cost of large-scale solar projects in India decreased 2% QoQ and 25.7% YoY in Q2 2024, driven by falling module prices.
- India's Maharashtra State introduced guidelines for Green Energy Open Access, allowing consumers to access green energy through open access with special metering requirements.
- Andhra Pradesh unveiled new Demand-Side Management Regulations to enhance energy efficiency and reduce electricity costs, emphasizing the establishment of a DSM Cell.
NHPC announced the winners of its auction to supply 1,200 MW of power with energy storage systems in India. Essar Renewables, Juniper Green Energy, Serentica Renewables, Hexa Climate Solutions, and Avaada Energy secured capacities at varying tariffs. The cost of large-scale solar projects in India has been on a declining trend, with a 2% decrease QoQ in Q2 2024 attributed to falling module prices. Maharashtra State implemented Green Energy Open Access guidelines, allowing consumers to access green energy through open access with special metering requirements. Andhra Pradesh introduced new Demand-Side Management Regulations to improve energy efficiency and reduce electricity costs, with a focus on establishing a DSM Cell. Additionally, the surge in rooftop solar interest among commercial and industrial consumers has led to banks offering loans at low interest rates to promote green energy adoption. Lupin and Sunsure Energy entered into a solar power purchase agreement, aligning with Lupin's sustainability goals. Resco Global Wind Services raised funds through equity investment, while Thermax collaborated with Ceres Power to manufacture and sell stack array modules based on advanced solid oxide electrolysis cell technology.
Topics
India
Renewable Energy
Investment
Green Energy
Solar Projects
Energy Collaboration
Rooftop Solar
Electricity Regulations
Equity Funding
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