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Top Five Stories In India: REC’s Arm Tenders 500 MW ISTS-Connected Solar Power Projects Installation; Amazon India Launches 300 MW Wind-solar Hybrid Projects in Madhya Pradesh and Karnataka

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op Five Stories In India: REC’s Arm Tenders 500 MW ISTS-Connected Solar Power Projects Installation; Amazon India Launches 300 MW Wind-solar Hybrid Projects in Madhya Pradesh and Karnataka

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REC’s Arm Tenders 500 MW ISTS-Connected Solar Power Projects Installation

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A tender for the construction of 500 MW of solar power projects across the nation, which will be connected to the interstate transmission system (ISTS) has been floated by the subsidiary firm of REC Limited, REC Power Development and Consultancy (RECPDCL). Bids for this 500 MW tender must be submitted by December 23, 2022, which will be revealed on December 28, 2022.

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Each interested bidder will be required to pay a bid processing cost of Rs. 50,000, for quoting capacity in the 50 MW to 99 MW range, while for capacities of 100 MW and above, it would be Rs 1.5 million. Further, for each MW of the specified capacity, the bidder has to provide an earnest money deposit of Rs. 400,000. And, a performance bank guarantee for Rs 800,000/MW of the quoted capacity will be needed from the successful bidder.

Amazon India Launches 300 MW Wind-solar Hybrid Projects in Madhya Pradesh and Karnataka

Amazon India has launched two wind-solar hybrid projects with 300 MW (megawatts) capacity in Madhya Pradesh, and Karnataka. The company stated in a statement.According to reports, the projects will be able to produce 1,163 GW of clean power once they are operational.These projects were launched by Vibrant Energy (a majority-owned subsidiary Blueleaf Energy), a portfolio company that Macquarie’s Green Investment Group owns. It operates on a stand-alone basis.

“As the largest corporate buyer of renewable energy worldwide, we continue to build momentum in India for our renewable energy investments. These two new projects are Amazon’s first ever wind-solar hybrid project globally,” stated Abhinav Singh, Director- Customer Fulfilment and Supply Chain, Amazon India. He said, “This year we have exceeded 720 MW of renewable power capacity through utility-scale project in India.”

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These new projects are aligned with India’s Ministry of New and Renewable Energy’s (MNRE), wind-solar hybrid strategy, which aims at enabling more hybrid projects to efficiently use transmission infrastructure and reduce variability in renewable energy, improving grid stability.

Airbus To Source Green Hydrogen from India

Airbus, Europe’s largest aerospace company, will source green hydrogen from markets like India, Australia, and Latin America as part of its efforts reduce carbon emissions. This was confirmed by a senior company official. Airbus is currently working on hydrogen-powered fuel cells engines to power its zero-carbon plane. The aircraft will be operational in 2035. Glenn Llewellyn (Vice President, Zero Emissions Aircraft) said that the low cost of renewable energy in Latin America and India makes them attractive as potential supply centers.

Llewellyn spoke to ‘PTI-Bhasha’ on the sidelines at the Airbus Summit 2022. He said, “One important activity that we are doing at Airbus is making sure that hydrogen-powered aircraft will be green.” Hydrogen is also readily available. We are working with many airports and energy providers around the globe to ensure that green hydrogen is available at the right price. Llewellyn stated that while no aircraft have been built to run on hydrogen, we are able to use hydrogen to reduce the carbon footprint of airport activities. He said that he was looking into how hydrogen can be obtained from countries like India, Australia, and Latin America where it is cheaper to produce hydrogen.

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NTPC Green Energy Likely to Get Strategic Investor by March 2023; Expects to Raise Rs 3,000 Cr for Implementing RE Projects in India

NTPC, the state-owned power company, is expected to find a strategic investor to its subsidiary NTPC Green Energy Ltd by March 2023. This will allow it to raise Rs 3,000 crore to implement renewable projects in the country.“NTPC is currently looking for a strategic investor to its subsidiary NTPC Green Energy Ltd. According to a source, the company is looking to raise between Rs 2,000 crore and Rs 3,000 crore by this transaction. It is expected to close during the current fiscal year or March 2023.

According to the source, some equity investors, pension funds and large companies expressed interest in investing in NTPC Green Energy Ltd. This fiscal year, therefore, is the best time to bring a strategic investor to the subsidiary.

Incentives For Solar & Other RE Users By Odisha Under Renewable Energy Policy, 2022

The state of Odisha has issued its renewable energy policy, which intends to provide the solar industry with the required boost and speed up adoption in the region.

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The state’s desire to encourage the use of renewable energy sources, particularly through captive and open-access forms, has been underlined in the policy. It has declared a plethora of exemptions in an effort to draw businesses and industries from all across the nation.

The policy will be in effect until March 31, 2030, or until a new policy is announced by the state government.

The goal of the strategy is to encourage solar parks with a minimum 25 MW capacity in order to lower the cost of generating and the related infrastructure.

Further, within the framework of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) initiative, the policy encourages the solarization of current irrigation pumps.

In addition, the government intends to use cutting-edge technologies like agri-PV to combine energy production with agricultural output on one piece of land, enabling optimum land usage.

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