Daily News Wrap-Up: Power Ministry Amends License Rules to Distribute Electricity

Jakson Group wins EPC contract for a 10 MW solar power project in Uttar Pradesh

September 19, 2022

thumbnail

Here are some noteworthy cleantech announcements of the day from around the world:

The Ministry of Power recently amended the Distribution of Electricity License (Additional Requirements of Capital Adequacy, Creditworthiness, and Code of Conduct) Rules, 2005. The rules were renamed Distribution of Electricity License (Additional Requirements of Capital Adequacy, Creditworthiness, and Code of Conduct) (Amendment) Rules, 2022. The area falling within either a municipal corporation as defined in Article 243 Q of the Constitution or three adjoining revenue districts or a smaller area as may be notified by the appropriate government will now be considered the minimum area of supply for grant of license.

Jakson Group, a turnkey EPC solution provider, was awarded a 10 MW/13.48 MWp solar power project in a competitive bid for ITC Limited in Sitapur, Uttar Pradesh. This project is being set up under the open access mode. The scope of work includes turnkey EPC solutions, including procurement of land, module, BOS, regulatory approval, and complete evacuation infrastructure. The project is expected to take seven months to complete, with an annual electricity generation of approximately 18.5 million units.

Shell announced the launch of its first electric vehicle (EV) chargers in India for the four-wheeler and two-wheeler segments and plans to set up more than 10,000 charging points across India by 2030. The power on the Shell Recharge chargers would be 100% green energy. In the first phase of its launch, Shell plans to set up charging stations in Bengaluru across its fuel stations located in Yeshwantpur, Marathahalli, Old Madras Road, Brookefield, and Kanakapura. The company has plans to expand its EV charging infrastructure beyond its existing retail markets of Karnataka, Tamil Nadu, Maharashtra, Gujarat, Telangana, Assam, and Andhra Pradesh. India is the first market for Shell to launch chargers for two-wheelers.

Servotech Power Systems announced that it incorporated a subsidiary, Techbec Industries, which would be engaged in manufacturing batteries, particularly lithium-ion batteries, and other allied activities. Techbec Industries was issued the Certificate of Incorporation on September 13, 2022, and Servotech, the holding company, would hold 63.5% share capital in the battery manufacturing entity. The subsidiary has been incorporated with the authorized capital of ₹1 million (~$12,541), comprising 1,00,000 equity shares of ₹10 (~$0.13)/- each.

A group of organizations, including Meta, REsurety, Broad Reach Power, and others, announced the formation of the Energy Storage Solutions Consortium to assess and maximize the greenhouse gas (GHG) reduction potential of electricity storage technologies. The group’s goal would be to create an open-source, third-party-verified methodology to quantify the GHG benefits of certain grid-connected energy storage projects and to help add a tool for organizations to create credible progress toward their net zero emissions goals. Once approved by the third-party Verra through the Verified Carbon Standard Program, the standard would be the first verified methodology to quantify the emissions benefits of large-scale energy storage facilities and provide valuable guidance, such as when to deploy stored energy to deliver maximum emissions reduction benefits.

Siemens Smart Infrastructure and Shell Global Solutions International BV signed a memorandum of understanding to collaborate on developing low-carbon and highly efficient energy solutions that support the energy transition. The agreement would focus on projects that produce green hydrogen for industrial applications for Shell and its customers, as well as enhancing collaboration in the areas of biofuels and circular chemistry. Siemens and Shell will create solutions that increase energy efficiency and generate sustainable power, consisting of, but not limited to, digitalization, efficient networks, and the production, distribution, and application of green hydrogen.

Pine Gate Renewables, a U.S.-based renewable energy developer, signed power purchase agreements (PPA) for nearly 1 GW of solar projects in late-stage development. The combined PPAs would support enough energy production to power a major city. The executed PPAs enable the construction of ten new large-scale solar projects with the help of corporate and utility partners who envision a cleaner energy future.  With an investment of over $1 billion in clean energy construction across the Mid-Atlantic, Southeast, and Texas, these projects will bring strong economic development benefits to local communities. These projects are expected to be operational between 2023 and 2024.

RELATED POSTS

thumbnail
Top 5 States for Open Access Solar Installations in CY 2022

India added an impressive 2.5 GW open access solar capacity in 2022, registering a growth of 92% year-over-year (YoY), according to the 2022 Q4 & Annual Mercom India Solar Open Access Market Report. Karnataka emerged as the to...

March 23, 2023

Markets & Policy

Government Clarifies ALMM Enlistment Guidelines for Co-branded Solar Modules

The Ministry of New and Renewable Energy (MNRE) has modified the Approved List of Models and Manufacturers (ALMM) guidelines and provided exceptions to broaden the qualification criteria for modules produced under agreements betwe...

March 24, 2023

C&I

In Bengaluru, a 100 kW Solar System Can Save C&I Entities ₹1 Million Annually

Mercom India successfully concluded the C&I Clean Energy Meet 2023 in Bengaluru, where stakeholders in the solar sector and commercial and industrial entities converged to enthusiastically discuss the benefits of renewable ene...

March 24, 2023

Other

Gensol Acquires Solar Tracker Maker Scorpius for ₹1.35 Billion

Gensol Engineering, a part of solar engineering, procurement, and construction (EPC) company Gensol Group, has acquired India-based solar tracker manufacturer Scorpius Trackers for ₹1.35 billion ($16.4 million). Gensol said the ac...

March 23, 2023

Magazine

DON'T MISS AN ISSUE!

Mercom Cleantech Magazine

Get Your Copy Today!

magazines

Latest News

thumbnail
Government Clarifies ALMM Enlistment Guidelines for Co-branded Solar Modules

The Ministry of New and Renewable Energy (MNRE) has modified the Approved List of Models and Manufacturers (ALMM) guidelines and provided exceptions to broaden the qualification criteria for modules produced under agreements...

March 24, 2023

thumbnail
Intra-State Sections of Evacuation Infrastructure for Renewables Delayed

The Ministry of New and Renewable Energy (MNRE) told the Parliamentary Standing Committee on Energy that the intra-state stretches of the Green Energy Corridor (GEC) have been delayed due to various reasons, including...

March 24, 2023

thumbnail
EnBW Takes €2.4 Billion Final Investment Decision on Offshore Wind Project

German electric utility company Energie Baden-Wuerttemberg (EnBW) has made its final €2.4 billion (~$2.6 billion) investment decision on He Dreiht, a major wind project in the German North Sea. The project has a capacity of 960...

March 24, 2023

thumbnail
India Missed 2022 Renewables Target as Rooftop Solar and Wind fell Short

The Parliamentary Standing Committee on Energy report has isolated underwhelming progress on rooftop solar and wind energy projects as the primary reason for India falling short of achieving its renewable energy capacity target...

March 24, 2023

thumbnail
Researchers Aim to Accelerate Delivery of Space-Based Solar Power to Earth

Researchers at Northumbria University are studying ways of producing wireless electricity from space to Earth by harvesting the Sun’s energy. U.S.-based aerospace, defense, and information security organization Lockheed Martin...

March 24, 2023

thumbnail
Regulator Directs Wind Energy Firm, MSEDCL, to Recompute Delayed Payment Charge

The Maharashtra Electricity Regulatory Commission (MERC) recently directed Hindustan Petroleum Corporation (HPCL) and the Maharashtra State Electricity Distribution Company (MSEDCL) to recompute the delayed payment charge from...

March 24, 2023

thumbnail
One-Step Coating Could Make Perovskite Solar Cells Commercially Viable

The National Renewable Energy Laboratory (NREL) has devised a new way to produce perovskite solar cells that could speed its commercialization. Different layers are typically added sequentially to a conductive glass substrate to...

March 24, 2023

thumbnail
ACWA Power to Develop Solar and Energy Storage Projects in Uzbekistan

Saudi Arabia-based energy company ACWA Power has signed power purchase and investment agreements with  National Electric Grid of Uzbekistan, and the Ministry of Investment, Industry, and Trade to develop new solar and battery...

March 24, 2023

thumbnail
China Securities Regulatory Commission Approves Canadian Solar’s IPO

The China Securities Regulatory Commission has approved the registration of CSI Solar, the engineering, procurement, and construction arm of solar module maker Canadian Solar, to issue an initial public offering (IPO). The...

March 24, 2023

thumbnail
Renewables Accounted for 83% of the Total Generation Capacity Added in 2022

Renewable capacity grew by 9.6% in 2022, adding a record 295 GW worldwide. This accounts for 83% of all power capacity added last year and brings the global renewable generation capacity to 3,372 GW by the end of last year, a...

March 24, 2023

MORE NEWS