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India has released new draft guidelines for the bidding process under its Wind-Solar Hybrid Policy, which includes e-reverse auctions and allows for the addition of energy storage capacity. The Ministry of New and Renewable Energy (MNRE) guidelines are applicable to projects of greater than 5MW in size at a single site with a minimum bid capacity of 25MW for projects within one state. For inter-state projects, the guidelines apply to projects of 50MW or larger with a minimum bid capacity also of 50MW. Both the wind and solar components of such projects must account for at least 20% of the project capacity. Power from such projects will be procured through tariff-based bidding for power purchase agreements (PPAs) of no less than 25 years duration, held by state-run body Solar Energy Corporation of India (SECI). The procurer may define additional parameters to the tariff such as a minimum firm power output throughout the day or for defined hours during the day, minimum electricity to be supplied per day, and extent of variability in supply. Tariffs may also be either fixed or escalating over a number of years. The hybrid project developer must declare the project's annual capacity utilisation factor (CUF) at the time of signing the PPA. This can then be revised within the first three years from commissioning. Calculation of CUF will be on a yearly basis from 1 April of the year to 31 March of the following year. The declared annual CUF should not be lower than 30%. If developers fail to meet CUF requirements, they will be liable to pay penalties to the procurer for the shortfall, but this may be relaxed in cases where there is a lack of availability of the grid beyond the power of the developer. Penalties will be calculated at 50% of the PPA tariff for the shortfall in energy terms. In the guidelines there were also provisions for Change in Law/Regulations, payment security, Force Majeure, Generation compensation for off-take constraints such as curtailment, and what happens in the event of a default. Energy storage may also be added to projects to further assist grid integration, increase energy output at the delivery point and to ensure availability of power at certain time periods, which a key factors in the government's focus on hybrids and storage. The Hybrid Policy was announced on the 14 May 2018 as the government hoped that combining the two technologies would help ease the burden on transmission infrastructure by reducing the variability of renewable power generation. This was not long after PV Tech visited the inauguration of India’s first major Solar and Wind hybrid project that was developed for C&I consumers in the southern state of Karnataka - which is also set to have storage added. A scheme for setting-up of 2.5GW of wind-solar hybrid power projects was then sanctioned on 25 May 2018. Stakeholders can provide comments on the draft guidelines by 31 October.

for two 250MW BESS projects to be built at the same place, attaching to India's Inter-State Transmission System by means of a substation at Fatehgarh in the

overall mounted roof solar power capability in India currently stands at 1922 megawatt (MW), therefore much over Rs 1,874 crore has actually been launched as

problems by lowering dependancy on standard fossil fuel-based power. India has a target to mount 100 GW of solar energy capacity with a dedication to

be coupled with the disposal of a 330-MW bundle of functional solar parks in India that Macquarie 330 MW bought from Hindustan Powerprojects Pvt Ltd back in 2017

financing offer for SoftBank's most recent and also biggest solar project in India. The 900 megawatt-DC solar farm in the Phalodi-Pokhran Solar Park in the State

contracts for the procurement of 100 percent rate of interest in SB Energy India from the SoftBank Group (80 percent) and also Bharti Group (20 percent). SB

over 74 percent of the overall market share in 1H 2020, according to the "India Solar Market Leaderboard 1H 2020," released by Mercom India, part of

wealth funds, oil and also gas majors, advancement financial institutions, India's state-owned entities as well as energy industry leaders might all play a

brand-new projects readied to show up on the internet next year. As well as in India, the company has partnered with CleanMax to satisfy 70 to 80 percent of its

the growing renewable energy market, particularly in solar power production in India. The new facility is expected to create numerous job opportunities and could

Solar Energy Corporation of India (SECI) has invited bids to set up 1.2 GW of grid connected solar power generation capacity under the eighth tranche of its

India will get to a cumulative renewable energy capacity of 120-125 GW by December 2022. This will certainly include 50% from solar, 38% wind and also the equilibrium from various other resources-- according to ICRA analysts. The analysts expect utility-scale solar ability to attain the 60 GW target established by the federal government. Roof solar and also wind power sections, on the other hand, will certainly see a shortfall. Sabyasachi Majumdar, Group Head & Senior Vice President-Corporate ratings, ICRA, said, "While [the 120-125 GW price quote] is less than the capability target of 175 GW set by the Government of India (GoI), the incremental capacity addition is approximated to be healthy at 33-38 GW with financial investment outlay of more than Rs 2 lakh crore over the following two-and-a-half years." ICRA expects this to be supported by a huge pipeline of jobs granted by main nodal firms and also state distribution utilities (discoms) and most likely improvement in execution timelines. FY2021 ICRA anticipates RE capacity enhancement to stay suppressed at regarding 8 GW in FY2021, given the ongoing execution challenges amidst Covid-19, as a result of disruption of supply chain in addition to work schedule problems." "7.5-8 GW RE estimate for FY 2021 will certainly comprise 5-5.5 GW solar (mainly utility-scale) and regarding 2 GW of wind energy," according to Girishkumar Kadam, Sector Head & Vice President-- Corporate Ratings, ICRA. Nonetheless, ICRA anticipates the total medium- to long-lasting financial investment outlook for the renewable energy market to continue to be strong supported by extremely competitive tariffs, policy support as well as brand-new schemes such as peak supply, round-the clock supply and also RE plus thermal mixing.

announced in the first virtual summit held under the leaders of the group-- Indian Prime Minister Narendra Modi, United States President Joe Biden, Israeli

the organisation held that the floating solarFloating Solar Power Plants in India - Opportunities & Challenges project was stated on Commercial Operation