Daily News Wrap-Up: CEA Approves Setting Up Transmission for a Solar Project in Bikaner
NTPC commissions 35 MW out of 92 MW Kayamkulam Floating Solar Project
Here are some noteworthy cleantech announcements of the day from around the world:
The Central Electricity Authority (CEA) granted approval to lay transmission lines for a proposed 300 MW solar project of Renew Solar Energy (Jharkhand Four) in Bikaner, Rajasthan. The approval was granted for 25 years under section 164 of the Electricity Act, 2003. Renew Solar Energy will have to submit the requisite clearances to the CEA. In case the route of these transmission lines falls in the Great Indian Bustard habitat, Renew Solar Energy will have to comply with the directions of the Supreme Court with regard to undergrounding of the overhead transmission line or fixing of bird diverters.
NTPC announced the commissioning of the second part capacity of 35 MW out of 92 MW Kayamkulam Floating Solar PV Project at Kayamkulam, Kerala. The first part capacity of 22 MW started commercial operations on March 31, 2022. The installed and commercial capacity of NTPC now stands at 54.65 GW. The group’s installed and commercial capacity is now 69.02 GW and 68.36 GW.
Amp Energy India announced the commissioning of a 45 MW solar open access project in Maharashtra. Amp now has five operating solar open access projects in Maharashtra, with the last three being co-located. The 45 MW project is expected to supply solar power to Cipla, Eternis Fine Chemicals & Jubilant Ingrevia on a long-term basis. With these five open access solar projects, Amp is serving four corporate customers in Maharashtra to transition to renewables and meet their RE100 goals.
Sungrow, an inverter solution supplier for renewables, signed the contract for a 79 MW PV Inverter and 176 MWh battery energy storage system with LAVO, an Australian technology and lifestyle company, for stage one of the Ginan Solar Project. Sungrow will provide its latest Liquid-Cooled energy storage system to build the DC Coupled Storage System. This project is expected to be completed by the end of 2022. Upon completion, these solar farm owners will be self-sufficient in clean electricity and earn a higher return on investment through peak valley arbitrage. The Ginan Solar Project would provide PV plus battery energy storage systems for the 16 solar farms in Victoria, Australia.
RWE, a Germany-based multinational energy company, issued a green bond with a total volume of €2 billion (~$2.11 billion). The bond was issued in two tranches of €1 billion (~$1.06 billion), with maturities in 2026 and 2030. For the first tranche, the yield-to-maturity amounts to 2.2%, based on a coupon of 2.125% per annum and an issuance price of 99.652%. For the second tranche, the yield-to-maturity amounts to 2.9%, on a coupon of 2.75% per annum and an issuance price of 99.287%. The issuance was met with strong interest from investors. The RWE Green Bond Framework states that wind and solar projects are eligible for green bond funding. This is in line with the United Nations’ Sustainability Goal number 7 to increase the share of renewable energies in the worldwide electricity mix. With its strategy ‘Growing Green,’ RWE is investing €50 billion (~$52.79 billion) in its core business by 2030.
Trina Storage, the vertically integrated battery energy storage (BESS) solutions provider, announced the signing of the Letter of Intention with Power Electronics, a solar inverter manufacturer, during Intersolar Europe 2022. Trina Storage and Power Electronics will jointly deploy over 1 GWh of battery storage projects using Trina Storage’s newly launched BESS Elementa by 2023. Elementa is a modular and smart storage solution enabling up to 25% more cycles and costs savings. Trina Storage’s turnkey solution will include Power Electronics’ latest PCSK battery inverters, which will be launched in the European market, followed by the U.S. market in the future.