PT KAI Takes Green Stride With Solar Panels At 40 Stations And Workshops In Indonesia

In a significant development, the Karnataka Electricity Regulatory Commission (KERC) has given the green light to solar power projects seeking reimbursement for additional expenditures. The projects, initiated by the respondent HESCOM (Hubli Electricity Supply Company Limited), faced hurdles due to the introduction of GST laws in 2017, resulting in increased operational and maintenance (O&M) charges.

The backstory involves petitions filed against HESCOM for the reimbursement of extra costs incurred during the establishment of two solar power projects. The commission initially partially approved these petitions but disallowed certain claims related to additional expenses for goods and services after the project’s commissioning. Disputes also arose over GST impacts on O&M expenses and carrying costs.

However, following appeals by the petitioner, the commission revisited its decision and remanded the matters to be reevaluated. This move was prompted by a previous order referencing a case between Parampujya Solar Energy Private Limited and CERC, setting the stage for a fresh assessment.

During subsequent hearings, the respondent (HESCOM) requested time to file objections, citing an order from the Appellate Tribunal for Electricity. The petitioner presented minutes from meetings held between the parties, aiming to resolve issues related to additional expenditure and GST impact.

As the case progressed, the commission examined whether the petitioner should be entitled to the previously disallowed portion of additional expenditure. The commission referred to a similar case involving Parampujya Solar Energy, where the Appellate Tribunal allowed compensation for GST-related expenses post the Commissioning Date (COD). Accordingly, the commission ruled in favor of the petitioner, stating that the disallowed portion should now be granted.

The issue of carrying costs was also revisited, with the commission referencing the Parampujya case, which established a precedent for a 10% annual carrying cost on additional expenditures due to change-in-law effects. The commission upheld this principle, allowing the petitioner to claim carrying costs from the respective dates of incurring additional expenses until full payment.

Addressing the petitioner’s claim for additional expenditure due to GST on O&M expenses until March 31, 2023, the commission referred to the Parampujya case’s discussions. The commission acknowledged the petitioner’s supporting documents, including service orders and CA certificates, and allowed the claim for GST impact on O&M expenses.

In a significant move, the commission directed the petitioner to compute the carrying cost becoming due and pay the court fees accordingly. The respondent (HESCOM) was ordered to pay the approved amounts in quarterly installments. However, the commission emphasized that the reliefs granted are contingent upon the final outcome of the case pending before the Supreme Court of India. In conclusion, the commission’s decision represents a milestone for solar power projects seeking reimbursement for additional expenditures. The ruling not only addresses specific claims but also establishes a framework for future cases, drawing on precedents and legal principles. As the renewable energy sector continues to evolve, such regulatory decisions play a crucial role in shaping the industry’s landscape.

Please view the document below for more details.

30951703761949 Download

Himachal Pradesh Launches ‘Rajiv Gandhi Swarozgar Start Up Yojna (Phase II)’: Empowering Youth Through Solar Power Projects

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2nd January 2024

The Himachal Pradesh State Cabinet meeting held under the Chairmanship of Chief Minister Thakur Sukhvinder Singh Sukhu decided to start ‘Rajiv Gandhi Swarozgar Start Up Yojna, Phase (II) for setting up Solar Power Projects (SPPs) for the youth aged between 21 to 45 years besides achieving the ‘clean energy’ initiatives of the Government. The scheme focuses on the installation of SPPs with capacities ranging from 100 kW to 500 kW, thereby contributing substantially to the state’s renewable energy targets. This will not only provide self employment opportunities but will also stimulate economic growth amongst the youth in times to come.

Under the Scheme, the participants will receive ‘monthly income’ of around Rs 20,000 for 25 years for a 100 kW to be installed in three bighas of land, and Rs 40,000 and rupees one lakh per month for the projects with a capacity of 200 kW and 500 kW, to be set up in five and ten bighas of land respectively.

The beneficiary of the scheme will have to pay just 10 percent of the amount as security deposit whereas 70% bank loan will be facilitated by the Government and the government will also provide 30% equity.

The Cabinet also approved to start ‘Sarkar Gaon Ke Dwar’ from 8th January, 2024 all over the State, during which interaction with beneficiaries of Government schemes will be held at clusters of villages till 12th February, 2024.

Distributed Solar Summit 2024

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2nd January 2024

20th March 2024 @ 9:00 am – 5:00 pm IST

There will be three co-hosted events at the Distributed Solar Congress 2024: India Rooftop Solar Congress 2024, Open Access Summit 2024 and Agrovoltaics India 2024. This collaboration will bring together leading industry professionals, policymakers, and researchers to discuss the latest trends, challenges, and opportunities from the rooftop, open-access and agrovoltaics sector in the Indian distributed solar industry.

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Solar Market Outlook: Florida

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2nd January 2024

16th February 2024 @ 10:00 am – 12:00 pm Eastern Standard Time

This webinar will delve into the intricacies of Florida’s solar success story, navigating the policy challenges that were transformed into opportunities. Participants will gain valuable insights into the record-breaking statistics that position Florida as a solar powerhouse and explore future projections that forecast sustained growth.

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Green Horizons: Powering the East & North-East with Sustainable Energy Solutions

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2nd January 2024

2nd February 2024 @ 3:00 pm – 5:00 pm IST

This webinar is a unique opportunity to connect with thought leaders, professionals, and enthusiasts passionate about ushering in a new era of sustainable energy in the East & North-East. Be a part of the conversation and contribute to the transformation of these regions into beacons of renewable energy excellence. Register now and be a catalyst for change!

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HARTEK Secures 400 KV Substation Contract for SPRNG Energy’s 300 MW Solar Facility

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2nd January 2024

Hartek Power Private Limited, the power system and T&D business unit of the Hartek Group,an eminent engineering, procurement, and construction (EPC) solutions provider has proudly secured a substantial contract from SPRNG Energy (100% owned by Shell). The contract entails the establishment of a crucial 33kV/400kV Pooling Substation supporting a state-of-the-art 300 MW Solar Power Plant in Ramsan Village, Taluka Deesa, District Banaskantha, Gujarat.

Valued at approximately 320 Million INR, this contract exemplifies Hartek Group’s proficiency in delivering innovative and sustainable energy solutions. The collaboration underscores industry confidence in Hartek Power’s capabilities and unwavering dedication to excellence.

Mr. Sanjeev Gupta, CEO of Hartek Power, expressed enthusiasm about the contract, stating, “We are thrilled to secure this significant 400 KV contract from SPRNG, a company backed by the global energy giant Shell. With our commitment to delivering techno-economical solutions in the renewable energy sector and a robust engineering team equipped with project management expertise, we are confident in executing the project while upholding our core value of prioritizing safety, and meeting the project timelines.”

Solar Claims 56%, Wind Exceeds 25%, and Total Generation Peaks in India’s November 2023 Renewable Energy Surge

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Mohan Gupta

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2nd January 2024

In a pivotal moment for the Indian renewable energy sector, November 2023 witnessed an unprecedented surge in solar power, claiming a dominant position with a remarkable 56% share in total renewable energy generation. Concurrently, wind power crossed the 25% threshold, contributing to a cumulative 14,085.75 million units (MU) of electric generation from renewable sources (excluding large hydro, which has 6,621.29 million units).

This monumental shift signifies a transformative milestone in the global energy landscape, signposting the increasing significance of solar and wind power in the pursuit of sustainable energy solutions. The meteoric rise of solar power to a commanding 56% share in total renewable energy generation in India (excluding large hydro) with a monthly generation of 7,820.94 MUs underscores the culmination of years of technological advancements, cost reductions, and widespread adoption. The decreasing costs of solar panels have played a pivotal role in making solar energy more accessible and economically viable. Improved photovoltaic cell efficiency has further enhanced the overall performance of solar installations.

Crucially, governmental policies and incentives have incentivized the deployment of solar technologies on a large scale. The focus on creating an enabling environment for solar power projects has spurred innovation and accelerated the transition to a cleaner energy future. The decentralized nature of solar installations, allowing for distributed generation, has contributed to the technology’s widespread acceptance and adaptability across diverse geographic and economic landscapes.

Simultaneously, wind power’s crossing of the 25% threshold represents a significant achievement in the renewable energy sector. Advancements in wind turbine technology, coupled with strategic planning in the location of wind farms, have propelled the growth of wind power. Offshore wind projects, in particular, have gained traction, offered higher energy yields and mitigating visual and environmental concerns associated with onshore installations.

The 25.16% contribution, which is 3,544.27 MUs from wind power, is indicative of the sector’s maturity and its ability to consistently contribute a substantial portion of the overall renewable energy mix. As technological innovations continue to improve the efficiency and cost-effectiveness of wind power, it is poised to play an increasingly pivotal role in meeting global energy demands.

The combined electric generation from solar, wind, and other renewable sources (excluding large hydro) reaching 14,085.75 million units in November 2023 marks a momentous achievement for the broader renewable energy sector. This figure highlights not only the increasing prevalence of renewable sources in the global energy matrix but also their growing capacity to meet a significant portion of the world’s electricity demands.

The shift towards a 56% share in solar power, accompanied by the overall expansion of renewable energy, carries significant implications for the renewable energy market. This transformative trend aligns with the country’s decarbonization and climate goals, reflecting a collective effort to move away from fossil fuels towards cleaner alternatives. The economic viability of solar and wind technologies, marked by decreasing costs, enhances their attractiveness for both investors and governments, strengthening the business case for renewable energy. This shift also opens up compelling investment opportunities, particularly for companies engaged in the development of solar panels, wind turbines, energy storage solutions, and grid integration technologies. Moreover, ongoing research and development in renewable energy technologies, energy storage, and grid management play a pivotal role in addressing challenges related to intermittency and grid integration. Continued innovation in these areas is anticipated to further improve the reliability and efficiency of renewable energy systems.

The November 2023 milestone, with solar power claiming a 56% share, wind power crossing 25%, and total renewable energy generation reaching 14,085.75 million units, symbolizes a turning point in the Indian energy landscape. The renewable energy sector is no longer a niche; it is a driving force reshaping the future of energy. As the country embraces cleaner alternatives, the path toward a sustainable and resilient energy future becomes clearer, promising a transition to a more environmentally conscious and economically viable energy paradigm. This transformative moment underscores the collective commitment to building a greener, more sustainable world.

Navigating Telangana’s Energy Landscape – Market Trends and Solar Innovations

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2nd January 2024

24th January 2024 @ 3:00 pm – 5:00 pm IST

Join us for an insightful webinar delving into the dynamic landscape of Telangana’s renewable energy sector. Our event aims to provide a comprehensive overview and analysis of current market outlook, policies, regulations, and solar innovations shaping the state’s energy landscape.

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Power Grid Corporation Secures Key Transmission Project for 20 GW Rajasthan Renewable Energy Zone

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2nd January 2024

State-owned Power Grid Corporation has secured a crucial inter-state power transmission project aimed at harnessing energy from a 20 GW Renewable Energy Zone (REZ) in Rajasthan. The Letter of Intent (LoI) for this significant venture was issued on December 29, 2023, and subsequently received by Power Grid Corporation on January 1, 2024.

In a noteworthy development, Power Grid Corporation emerged as the successful bidder through Tariff Based Competitive Bidding. The project involves establishing an Inter-State Transmission System for the evacuation of power from the REZ in Rajasthan, specifically focusing on Phase-III Part D – Phase I. The modalities of this venture are structured on a build, own, operate, and transfer (BOOT) basis.

The project’s scope encompasses the creation of two 765kV D/C transmission lines spanning across Rajasthan and Delhi. Additionally, it includes essential bay extension works at pre-existing substations situated in both Rajasthan and Delhi, as outlined in the regulatory filing.

This strategic initiative aligns with the broader goal of enhancing the nation’s renewable energy infrastructure, providing a significant boost to the transmission capabilities required for efficiently tapping into the 20 GW renewable energy potential in Rajasthan. Power Grid Corporation’s successful bid underscores its pivotal role in advancing India’s sustainable energy objectives and reinforces its commitment to contributing to the country’s clean energy landscape.

NTPC Faces Setback As Commission Rules In Favor Of Solar Developer Amidst Safeguard Duty Dispute

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Mohan Gupta

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2nd January 2024

In a recent development, Solairepro Urja Private Limited, a solar power developer, has emerged victorious in its legal battle seeking compensation for the imposition of Safeguard Duty by the Government of India. The dispute revolves around a Power Purchase Agreement (PPA) signed in 2018 between Solairepro Urja and NTPC Limited.

Solairepro Urja is currently working on a 250 MW Solar Power Generating System in the Kadapa Ultra Mega Solar Park in Andhra Pradesh. The company filed a petition in 2019, under the Electricity Act, 2003, and Article 12 of the PPA, claiming relief due to the imposition of Safeguard Duty as per Notification No. 01/2018 Customs (SG) dated 30.07.2018.

NTPC Limited, appointed as the nodal agency for the National Solar Mission, and its subsidiary, NTPC Vidyut Vyapar Nigam Limited (NVVN), were named as respondents. The power generated by Solairepro Urja is sold to distribution companies in Andhra Pradesh through NTPC acting as an intermediary procurer.

The dispute arose when the Electricity Regulatory Commission disposed of the petition in 2020, allowing the claims of Solairepro Urja regarding the 2018 Safeguard Duty Notification but disallowing claims for carrying costs. Aggrieved by this decision, the Andhra Pradesh Southern Power Distribution Company (APSPDCL) moved to the Andhra Pradesh High Court, seeking to quash the order.

One key argument raised by APSPDCL was the lack of jurisdiction of the Commission, asserting that the entire power supply from Solairepro Urja’s project remained within the state of Andhra Pradesh.

The Commission, in its recent order, rejected this argument, asserting its jurisdiction under the Electricity Act, of 2003. It emphasized that even if parties agree on a particular forum for dispute resolution, it does not negate the jurisdiction of the Commission as outlined in the law.

The Commission acknowledged the imposition of Safeguard Duty through the 2018 Notification, applying rates ranging from 25% to 15% ad valorem. It held that such a change in law event, occurring after the bid submission but before the scheduled commercial operation date, entitles Solairepro Urja to compensation.

While the Commission directed the petitioner to provide relevant documents for reconciliation, it also noted that the compensation for the post-commercial Operation Date would be subject to the outcome of a Supreme Court case related to a similar matter. In conclusion, the recent order is a significant win for Solairepro Urja, highlighting the legal recourse available to developers facing adverse regulatory changes affecting their projects. The decision emphasizes the need for clear documentation and evidence in support of claims for compensation under the change in law provisions.

Please view the document below for more details.

176-MP-2019 Download

Adani Energy Solutions Wins Coveted Global Sustainability Leadership Award for 2023

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2nd January 2024

Adani Energy Solutions Limited (AESL), India’s largest private transmission and distribution company and a part of the globally diversified Adani portfolio, received the esteemed ‘Global Sustainability Leadership Award 2023‘ in the ‘Best Overall Sustainable Performance’ category from the World Sustainability Congress held in Mauritius. The accolade acknowledges AESL’s steadfast dedication to sustainable practices and its pivotal role as a pioneering innovator in the power sector, contributing significantly to a greener future.

The Global Sustainability Leadership Award, an annual recognition, celebrates organizations demonstrating exceptional leadership in sustainability. AESL stood out for its inventive solutions, firm commitment to curbing environmental impact, and relentless advocacy for sustainable initiatives, as acknowledged by the award committee.

World Sustainability, a non-profit organization championing sustainable leadership, strives to unite corporations, NGOs, public interest groups, and governmental bodies to expedite and educate on sustainable business practices, fostering solutions for a brighter future.

Anil Sardana, Managing Director of AESL, expressed gratitude, stating, “We are deeply honored by this prestigious award, which validates our unwavering efforts in propelling sustainability. It inspires us to persist in our journey toward a greener, more sustainable future.”

AESL has consistently led in sustainable innovation, crafting solutions that not only benefit the environment but also bolster economic growth and social advancement. The company’s sustainable initiatives have established a new industry standard, serving as a beacon for others to emulate.

This recognition stands as a testament to AESL’s steadfast commitment to sustainability, showcasing its unceasing endeavors to better the world. AESL extends heartfelt appreciation to its dedicated team, partners, and customers for their unwavering support on this enduring journey toward sustainability.

Nexif Ratch Finalizes Acquisition of Hydroelectric Plant in Lao Cai Province, Vietnam

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2nd January 2024

Nexif Ratch Energy Investments Pte. Ltd. is thrilled to confirm the successful acquisition of the Minh Luong run-of-river hydro power plant, boasting 30 MW capacity and peak hour storage, situated in Vietnam’s Lao Cai province. This strategic acquisition reinforces our commitment to bolstering renewable energy within the Nexif Ratch Energy portfolio, ensuring a steady, sustainable income through a long-term Power Purchase Agreement (PPA).

The plant, originally developed and constructed by Nam Tien Group, has been operational since April 2018, selling its generated electricity to a subsidiary of EVN, the state-owned electricity company, under a 20-year PPA.

Mr. Matthew Bartley, serving as Director and interim CEO of Nexif Ratch Energy, highlighted, “The addition of the Minh Luong hydro plant significantly broadens our operational foothold in Vietnam. This complements our successful endeavors in small hydro projects in the region, enhancing our existing ventures like the Song Giang hydro projects. Leveraging our hydro expertise, we’re poised to optimize this asset for sustained income within Nexif Ratch Energy.”

Mr. Sakarin Tangkavachiranon, Director of Nexif Ratch Energy, expressed enthusiasm: “Securing this project marks a significant milestone for Nexif Ratch Energy. It follows our recent success with the financial closure and commencement of construction for a 74 MWp solar farm in the Philippines in 2023. Anticipating the launch or initiation of two more projects by early 2024 reflects our continued growth trajectory.”

Mr. Surender Singh, Chairman of Nexif Ratch Energy, emphasized, “This acquisition underscores our dedication to expanding renewable energy presence in Vietnam’s dynamic market. With a focus on harnessing our hydro operation expertise, we’re committed to unlocking the full potential of this asset. We eagerly anticipate further regional impact and achieving more milestones in the years ahead.”

PXIL Marks Milestone with Successful 139th REC Trading Session

By

Joanne Rose

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1st January 2024

In a significant accomplishment, Power Exchange India Limited (PXIL) has triumphantly executed the 139th session of Renewable Energy Certificate (REC) trading. The session, conducted in adherence to the Central Electricity Regulatory Commission (CERC) directives outlined in Order of Petition 379-MP-2024, marked the eleventh session of the fiscal year 2023-24 and the fifteenth auction session under the Central Electricity Regulatory Commission (Terms and Conditions for Renewable Energy Certificates for Renewable Energy Generation) Regulations, 2022, which took effect on December 5, 2022.

The trading session, which unfolded under the guidance of the Hon’ble Delhi High Court’s Daily Order dated May 11, 2023, revoking earlier restrictions on the sale of RECs issued before October 31, 2022, witnessed the successful transaction of 0.36 lacs RECs. Prior to the auction, a substantial volume of 177.31 lacs RECs was available in the market for trade.

The trading activities were conducted in two segments. The first segment involved transactions in non-Solar RECs issued before April 1, 2017, with a floor price of Rs. 1,500/MWh, in accordance with CERC’s Order in Petition no 2/SM/2017 dated March 30, 2017. This was covered under Session ID REC2712202301. The second segment encompassed transactions in RECs of various technologies, including Solar, Wind, Hydro, Small Hydro, Biomass, and other types of Renewable sources. This segment was covered under Session ID REC2712202302.

PXIL expressed gratitude to all participants for their unwavering support throughout the year, emphasizing its commitment to serving all market participants in this segment and others in the future. The successful completion of the 139th REC trading session reaffirms PXIL’s position as a key player in the renewable energy market.

GoodWe’s New Headquarters under Construction, Responding to Growing Workforce and R&D Activities

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S.R.C. Roy

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30th December 2023

GoodWe, a leading solar inverter manufacturer, announces an under-constructed new headquarters in Suzhou High-Tech Zone, China. The new building, celebrated with a topping-out ceremony in 2023, is set to commence operations next year. This strategic shift aims to provide ample space for the company’s expertise and intensify research and development activities.

Since its establishment in 2010, GoodWe has experienced significant global expansion. The current headquarters office space has become constraining, prompting the shift to a more expansive facility.

“From a small team with only several personnel at the very beginning, GoodWe has now become a significant entity, boasting a global workforce of over 5,000 employees,” commented Daniel Huang, Founder and CEO of GoodWe. “The new building is designed to be ready for industry trends and our future development.”

Reflecting the increasing demand for a sustainable working environment, GoodWe’s new office building prioritizes energy efficiency and environmental friendliness in its design, leveraging its decade-long expertise in the solar industry. The construction integrates cutting-edge features such as photovoltaic building materials, energy storage products and solutions, and renewable energy management technologies, ensuring energy efficiency and carbon reduction.

Upon completion, the new office space will act as a research and innovation hub for the company, bringing together talented individuals to explore technologies in smart and renewable energy continuously.

Looking to the future, Huang said, “I’m eager to move into this green, future-oriented building. I believe this will also provide confidence to our partners and, of course, our employees. GoodWe will continue to invest in the journey towards a sustainable future.”

In 2023, GoodWe also announced the topping out of the third phase of its manufacturing base in Guangde city, China, further expanding the company’s future production capacity. In addition, an overseas manufacturing base was declared operational, making GoodWe’s third base.

JinkoSolar is the First PV Company Worldwide with Net-Zero Targets Approved by the Science Based Targets Initiative

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S.R.C. Roy

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30th December 2023

JinkoSolar Holding Co., Ltd., one of the largest and most innovative solar module manufacturers in the world, announced that the near and long-term science-based emissions reduction targets of its principal subsidiary, Jinko Solar Co., Ltd., have recently been approved by the SBTi, making JinkoSolar the first PV company in the world to have its net-zero targets validated. The SBTi plans to publish Jinko Solar Co., Ltd.’s approved net-zero target on their website on the 25th of January 2024. JinkoSolar is only the second company in mainland China to achieve that status, as well as the third company in the global semiconductor industry.

The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reduction targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050. In the era of global warming, participating in and setting science-based targets has become a new business norm, reflecting the competitiveness and responsibility of companies in the fields of sustainable development and ESG. Currently, over 7,000 companies worldwide have committed to the SBTi, including Tesla, Apple, BASF, Lenovo, and Tencent.

In late 2019, JinkoSolar announced its participation in the RE100 green initiative, and, at the end of 2021, Jinko Solar Co., Ltd. officially committed to set net-zero targets in line with climate science with the SBTi. In the first half of 2023, Jinko Solar Co., Ltd. released its 2022 ESG report, outlining its climate roadmap for the first time. Leveraging its consistently innovative PV technology and reliable PV products, JinkoSolar provides clean, secure, affordable, and renewable electricity globally. It addresses global climate change with an economic, green, and feasible approach. In the fourth quarter of 2023, JinkoSolar became the first PV company to have delivered a total of more than 200 GW of solar modules. Accordingly, IHS Markit estimates that one out of every eight modules in the world today was manufactured by JinkoSolar, contributing 1 kilogram of carbon reduction for every 8 kilograms of PV products.

By working with SBTi and setting net-zero targets, JinkoSolar is not only declaring its ambition to address climate change but also providing a clear action guide for full value chain emissions reduction. JinkoSolar is fully committed to playing its part in the global energy transformation and contributing to building a greener and more sustainable future.

Harvesting Sunlight on Water: Unveiling the Potential of Floating Solar Photovoltaics in South Asia

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29th December 2023

Representation Photo: Floating PV solar project

The analytical study, “Unlocking the Potential of Floating Solar Photovoltaics in India,” conducted by a World Bank team led by Surbhi Goyal and supported by Satyaki Bhattacharya and Vivek Jha, examines the status and potential of floating solar photovoltaics (FSPV) in South Asian countries.

Regional Cooperation and Status of FSPV:
The report emphasizes the importance of regional cooperation in accelerating the energy transition in South Asian countries. Despite unique challenges in each country, collaboration can facilitate knowledge sharing and integrated market approaches. The study outlines the power sector background, renewable targets, and current status in Sri Lanka and Bangladesh.

Sri Lanka:
Sri Lanka, with almost universal electrification, faces challenges such as low per capita electricity consumption and dependence on expensive fuel-oil-based generation. The government aims to achieve 70% renewable power generation by 2030, primarily from wind and solar. FSPV is identified as a solution to address barriers like limited land availability and poor financial health of utilities. The report highlights the potential of utilizing reservoirs for FSPV to meet renewable energy targets.

Bangladesh:
Bangladesh, a rapidly growing economy, plans to generate 40% of its electricity from renewable sources by 2041. The country faces challenges of high population density and competition for land. FSPV is identified as a primary avenue for energy transition, given its ability to circumvent land availability issues. The report suggests exploring FSPV in water bodies such as irrigation canals and wetlands.

Pakistan:
Pakistan has a diverse energy mix, with thermal contributing 61%, hydro 24%, and renewables (wind, solar, and bagasse) 6.5%. The country aims to increase its renewable energy (RE) capacity to 30% by 2030, requiring the installation of around 24,000 MW of solar and wind. While Pakistan possesses significant wind and solar resources, the utilization has been slow. The World Bank initiated the Floating Solar Project, planning 150 MW projects on Barotha & Ghazi Lakes and 25 MW on Tarbela reservoir.

Afghanistan:
Afghanistan, with less than 40% of its population having electricity access, targets 4,500-5,000 MW of renewable capacity by 2032. While no floating solar plant exists, initiatives include ADB’s technical assistance for a project at Qargha reservoir and Phelan Energy Group’s collaboration with a local partner and USAID for a 24 MW floating solar project in Kabul province.

Maldives:
Maldives, dependent on imported diesel for 80% of its power generation, aims to increase the share of renewables by 20% by 2023 and 70% by 2030. While offshore solar presents challenges due to its operating conditions, nearshore areas with benign conditions provide an opportunity for floating solar customization.

Nepal:
Nepal, with 70% of its region being hilly, faces challenges for large-scale ground-mounted solar projects. Floating solar, integrated with hydropower and irrigation reservoirs, could be a viable avenue for energy transition. Currently, no floating solar projects are in development.

Bhutan:
Bhutan, a hydro-dominated country, exports surplus power. Although no floating solar projects are underway, potential sources include waterbodies and hydropower reservoirs. Detailed feasibility studies are crucial for assessing project viability.

In these South Asian countries, floating solar projects are at various stages of development, with challenges and opportunities unique to each nation’s energy landscape. Collaboration and knowledge transfer, especially from India’s progress in floating solar, can accelerate regional adoption.

Knowledge Transfer and Regional Forums:
The study acknowledges the progress in FSPV made by India and suggests knowledge transfer mechanisms for regional cooperation. It recommends utilizing regional forums like the International Solar Alliance (ISA), USAID’s South Asia Regional Energy Hub (SAREH), International Renewable Energy Agency (IRENA), SAARC Expert Group on Renewable Energy, and United Nations ESCAP. Bilateral relations, joint conferences, and initiatives are proposed to facilitate knowledge sharing.

Conclusion and Future Outlook:
The report concludes by highlighting the importance of a survey to assess the full potential of FSPV in national planning across South Asian countries. It emphasizes India’s role in the value chain of FSPV development for the entire region. The study recognizes the varying degrees of challenges faced by different countries and suggests applying learnings from India’s experience in FSPV development.

In summary, the report provides a comprehensive overview of the status, challenges, and potential of FSPV in South Asian countries, emphasizing the need for regional cooperation and knowledge transfer to unlock the full potential of floating solar technology.

SUCRL’s Call: EOI for Land Aggregator/Facilitator in 700 MW Rajasthan Solar Park Project

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29th December 2023

IEOI-Land_700-MW_22.12.23_compressed-1 Download

Saurya Urja Company of Rajasthan Limited (SUCRL) is extending an Invitation for Expressions of Interest (EOI) for the empanelment of Land Aggregators/Facilitators for the acquisition of private land on lease to develop a 700 MW solar park in Rajasthan. Established as a 50:50 Joint Venture between the Government of Rajasthan and IL&FS Energy Development Company Limited, SUCRL aims to develop 5000 MW of solar parks in the state.

The proposed solar park, spanning approximately 3500 acres, is planned for private lease land in Bikaner, Barmer, Jaisalmer, and Phalodi, along with the surrounding area of the upcoming ISTS Grid Substation. The lease duration is set at 29 years and 11 months, with a lease rent escalation of 5% every three years.

Applicants are required to meet specific financial criteria, including an annual turnover of at least Rs. 1.5 Crores for the best three financial years out of the last five, a positive net worth as of the last day of the preceding financial year, and liquid assets amounting to a minimum of Rs. 50 Lakhs as of the same date.

The selected Land Aggregators/Facilitators will play a crucial role in identifying suitable land based on location, elevation, road access, water availability, and other features. The proposed solar park is intended to facilitate Solar Project Developers investing in Rajasthan. The deadline for submission of EOIs is set for January 5, 2024, before 3:00 PM, with shortlisted applicants to be notified by January 12, 2024.

Globeleq Strengthens Renewable Portfolio in Mozambique with Acquisition of Mocuba Solar Power Plant from Scatec

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29th December 2023

Today, Scatec ASA, a prominent player in renewable energy within emerging markets, has finalized the sale of its 52.5% equity stake in Mozambique’s 40 MW Mocuba solar power plant to Globeleq for USD 8.5 million (NOK 86 million).

CEO Terje Pilskog expressed satisfaction with the transaction, aligning with Scatec’s strategy to optimize its portfolio by divesting smaller assets in non-priority markets. Pilskog emphasized that this successful deal will allocate resources to targeted markets and fund new ventures in renewable energy. He conveyed confidence in Globeleq’s capability as the future custodian of the asset, extending gratitude to Mozambique’s Government, Electricidade de Moçambique, and the project team for their efforts in delivering electricity to the nation.

The sale is anticipated to generate a net accounting gain of around USD 4 million on a consolidated basis and USD 3 million proportionally.

Globeleq, an independent power producer in Sub-Saharan Africa, boasts a power production capacity exceeding 2.1 GW, operational or under construction. The company is predominantly owned by British International Investment (70%) and Norfund (30%).

Situated in Mozambique’s Zambézia Province, the Mocuba solar power plant commenced operations in August 2019, yielding an estimated annual production of 75 GWh. It holds a 25-year Power Purchase Agreement (PPA) with the state-owned utility, EDM. Globeleq will now take over operations & maintenance as well as asset management services for the power plant as part of this acquisition

Financial Close Achieved for Kenya’s Menengai Geothermal Power Project, Generating 35MW with Globeleq

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29th December 2023