Week In India: NTPC Renewables Invites EOI For Sourcing 15 GW Of Solar Modules; And More

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NTPC Renewables Invites EOI For Sourcing 15 GW Of Solar Modules

NTPC Renewable Energy Ltd (NREL), the renewable energy arm of NTPC, has invited expression of interest (EoI)for Strategic Sourcing Tie-ups of Solar PV Modules for approx.15 GW up to a cumulative period of five years. The deadline to submit the bids is 8 November 2021. The purpose of this EoI is to evaluate the upcoming capacities of the domestic solar PV module manufacturers, their techno-commercial requirements to initiate the process of long terms sourcing tie-ups, it added. Modules made up of imported solar cells will also be eligible, NREL said. NREL was incorporated to focus on NTPC’s green energy business, as it aims to attain 60,000 MW of green capacity by 2032 from the current level of around 1,400 MW. Around 75% of the 2032 green energy target is expected to come from solar. The federal government is anticipating a grand response to the program with bids at nearly four times the 10 GW tender.

GAIL Plans To Build 10 MW Green Hydrogen Plant

GAIL (India) Ltd will build India’s largest green hydrogen plant in the next 12-14 months, as it looks to supplement its natural gas business with carbon-free fuel. Speaking at the India Energy Forum by CERAWeek, GAIL Chairman and Managing Director Manoj Jain said the company is looking at building a 10-megawatt (MW) electrolyzer capable of generating 4.5 tonnes of green hydrogen daily. It will take 12-14 months to put the plant and the company has finalized 2-3 sites for the unit including one at Vijaipur in Madhya Pradesh, where the company has a gas processing plant, he said. Green hydrogen is the cleanest of all with zero carbon emission. Hydrogen is the latest buzz for meeting the world’s energy needs. Jain said the plant planned is for 10 MW capacity, the largest announced so far in the country.

MSEDCL Issues Empanelment Tender For 200 MW of Grid-connected Residential Rooftop Projects

Maharashtra State Electricity Distribution Company Limited (MSEDCL) has invited bids for vendors for 200 MW of grid-connected residential rooftop solar systems under the capital expenditure (CAPEX) model. The scope of work for vendors includes the design, supply, erection, testing, and commissioning of grid-connected rooftop systems. The successful bidder must also provide comprehensive operation and maintenance services for rooftop solar systems for five years. The last date to submit bids is October 26, 2021. The projects will be developed under Phase-II of MNRE’s rooftop solar program. MSEDCL is allocated 525 MW of grid-connected residential rooftop solar projects under this phase with central financial assistance (CFA). MNRE has recently announced the benchmark cost for the residential rooftop solar projects. All supplied components will need to meet laid down standards, and in the case of modules, be a part of the approved list of suppliers (ALMM) too.

Sterlite Power Wins ISTS Power Transmission Bid Worth Rs. 324 Cr

Sterlite Power, a leading private sector power transmission infrastructure developer, and solutions provider has been awarded the Nangalbibra─Bongaigaon inter-state power transmission project worth INR 324 Cr through tariff-based competitive bidding (TBCB) by virtue of emerging as the L1 bidder. The project elements consist of a new 220/132 kV substation at Nangalbibraand laying of ~130 km of 400kV D/c transmission line connecting Bongaigaon in Assam to Nangalbibra in Meghalaya across the river Brahmaputra. The project will also have~20km of 132kV D/c line connecting Hatsinghmari in Assam to Ampati in Meghalaya, said the company statement. With this project win, Sterlite Power now has a portfolio of 26 projects across India and Brazil, which includes projects under various stages of development and those that have been sold. The company is focused on integrating renewable energy sources to the transmission grids.

ISA Starts its 4th General Assembly; Targets $1 Trillion Solar Investment Roadmap for 2030,

The International Solar Alliance’s (ISA) fourth session starts virtually presided over by Shri R.K. Singh, Minister for Power, New and Renewable Energy, Government of India, and the President of the ISA Assembly. U.S. Special Presidential Envoy for Climate John Kerry will deliver the keynote address on October 20th, while the European Commission Executive Vice President for the European Green Deal, Frans Timmermans, will also address the gathering on October 20th. The ISA Secretariat has planned a series of technical sessions on various emergent issues in the solar and clean energy sector in partnership with partners and other organizations on October 20th and 21st, 2021.

Bloomberg Philanthropies Partners with ISA to Mobilize $1 Trillion in Solar Financing

Bloomberg Philanthropies and the International Solar Alliance (ISA) announced a partnership to mobilize $1 trillion in global investments for solar energy across ISA’s member countries. The two organizations will kick off the partnership by working with World Resources Institute (WRI) to develop a Solar Investment Action Agenda and a Solar Investment Roadmap, which will be launched at COP26 and in 2022, respectively. To support the new partnership, BloombergNEF (BNEF) released the Scaling Up Solar in ISA Member Countries report, which will serve as the analytical backing for both the Action Agenda and Solar Investment Roadmap. Drawing on the BNEF analysis, Bloomberg Philanthropies, ISA and WRI will work together to ensure ISA member countries and partners agree on the necessary pathways for scaling up investment and commit to catalyzing USD 1 trillion toward solar energy by 2030. This partnership aims to kickstart the required catalytic investment across ISA member countries through the Solar Investment Action Agenda.

Adani Group To Invest Over $50-70 Billion in Green Energy Value Chain

Adani group companies will invest over $50 billion to $70 billion across its green energy value chain as it aims to become the world’s top renewable energy producer by 2030. Addressing the inaugural of the Indus Entrepreneurs Sustainability Summit virtually on Monday, Adani Group Chairman Gautam Adani has said that the investments, to be made over the next decade, would be part of the organic and inorganic growth plans of the group. The group’s renewable energy portfolio had reached the initial target of 25 GW, four years ahead of the schedule, he added. Hydrogen is a game-changer and Adani’s green energy portfolio will expand to become one of the world’s largest green hydrogen producers, said Gautam Adani. Adani said he is confident that his conglomerate’s integrated value chain, scale, and experience put it on the road to be the producer of the least expensive “green electron” anywhere in the world.

ReNew Power Among Top 10 in Fortune Magazine List

ReNew Power said it has been named among the top 10 in Fortune Magazine’s 2021 ‘Change the World’ list. The annual list recognizes leading businesses that exemplify the power of capitalism to improve the human condition by addressing important social or environmental impacts through their core profit-making strategy and operations. ReNew has been ranked 10th for its work in combating climate change and for the daunting task of building an alternative to fossil fuels in a nation that is the world’s third-largest oil importer. This is the 7th successive year that Fortune Magazine has brought this list. The 2021 list has 52 companies which include US and UK giants such as Walmart, HP Inc, AirBnB, Lego Group, and wind turbine maker Vestas.

NITI Aayog Launches Geospatial Energy Map of India

“NITI Aayog in collaboration with Indian Space Research Organisation (ISRO) has developed a comprehensive Geographic Information System (GIS) Energy Map of India with the support of Energy Ministries of Government of India,” a statement issued by NITI Aayog said. “The GIS map provides a holistic picture of all energy resources of the country which enables visualisation of energy installations such as conventional power plants, oil and gas wells, petroleum refineries, coal fields and coal blocks, district-wise data on renewable energy power plants and renewable energy resource potential through 27 thematic layers,” it said. The map attempts to identify and locate all primary and secondary sources of energy and their transportation/transmission networks to provide a comprehensive view of energy production and distribution in a country.

London’s Science Museum Strikes Sponsorship with Adani Group

The well-known Science Museum in London has announced a landmark new gallery, which will examine how the world can undergo the fastest energy transition in history to curb climate change, with a subsidiary of the Adani Group being the title sponsor. Gautam Adani, Chairman of Adani Green Energy, said “We are delighted to support the Energy Revolution gallery, which will explore how society can power the future through low carbon technologies. The Adani Green Energy Gallery’ is supported with title funding by Adani Green Energy, India’s leading solar power developer which aims to be the world’s largest renewable power generating company by 2030. The new gallery was announced as delegates gathered for a ‘Global Investment Summit’ hosted at the museum by British prime minister Boris Johnson.

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