Daily News Wrap-Up: ReNew Power’s Operational Renewable Energy Portfolio Reaches 7.4 GW
SECI awards a 100 MW solar plus storage contract to Tata Power
Here are some noteworthy cleantech announcements of the day from around the world:
Independent power producer ReNew Power has achieved a total operating capacity of 7.4 GW. The bulk of ReNew’s organic capacity addition that led the company to surge past the 7 GW landmark is located in Rajasthan and Gujarat. The 1.5 GW capacity addition in the current fiscal year comprises more than 1.3 GW of utility-scale solar projects. These include 1.2 GW in Rajasthan, 105 MW in Gujarat, and 20 MW in Maharashtra. Over 150 MW has been installed in wind projects, including 136 MW in Karnataka and 22 MW in Gujarat. These capacity additions in FY 22 are expected to offset over 75,000 million tons of CO2 emissions.
Solar Energy Corporation of India (SECI) has awarded a 100 MW solar contract with a battery project in Chhattisgarh to Tata Power. The project, supported by the World Bank, SECI’s internal resources, and domestic loans, is key to a line of innovative renewable energy projects planned by SECI. Tata Power earlier had won SECI’s auction for a 20 MW solar power project with a 50 MWh battery energy storage system in Ladakh.
German development bank Kreditanstalt für Wiederaufbau (KfW) and the Government of India have signed a €442.26 million (~$503.40 million) loan agreement to develop the Surat Metro Rail project. Solar energy will be harnessed at both depots of the metro project, which is envisaged to span 40.35 km. KfW will offer €442.26 (~$503.40 million) million of the total project cost of €1.50 billion (~$1.69 billion). The project is also co-financed by French Development Agency, Agence Française de Développemet (AFD). The government had signed a loan agreement with AFD in January this year for €250 million (~$282 million).
Bangladesh’s 130 MWp Bagerhat solar power project is now operational. Located in Khulna, the project will generate power equivalent to that produced by more than 324,000 tons of coal a year. The project is connected to 132/33 KV Mongla PGCB Grid Substation through a 9 km transmission line. With 95% of Bangladesh’s power generation stemming from gas, diesel, and coal, this 130 MWp project is a significant development for a nation with a total grid-connected capacity of approximately 100 MW in 2020. Due to Bangladesh’s humid and hot climate, Sungrow’s SG3125HV 1500Vdc inverter system was used, which can operate without derating even when it is up to 50 °C.
Saudi Arabia’s energy major ACWA Power has finalized the project agreements for Uzbekistan’s 100 MW Nukus wind project. The project is estimated to cost $108 million. The Nukus wind farm is Uzbekistan’s first publicly tendered wind project. ACWA Power won the competitive bid after proposing a $2.56/kWh tariff. The Nukus wind farm’s financial close is expected to be finalized by the third quarter of 2022, with commercial operations scheduled for early 2024. The Nukus wind farm is ACWA Power’s fourth project in Uzbekistan, after the $1.2 billion Sirdarya project, the 500 MW Bash facility, and the $1.3 billion Djankedly wind power project in Bukhara.
KPI Global Infrastructure has bagged an order from Vineet Polyfab for executing solar power projects of 2.50 MWdc capacity under the captive power producer segment. Earlier, the company had bagged orders from Gandhar Food Products, N. J. Texturisers, Sai Laxmi Tex, Shabnam Petrofils, and Vihita Chem for executing solar power projects of 5.084 MWdc capacity under the captive power producer segment.