Daily News Wrap-Up: Electric Vehicle Sales Surge 40% YoY in Q3 2023

NHPC floats EPC tender for 40 MW solar project in Odisha

October 4, 2023


Electric vehicle (EV) sales in India reached 371,214 units in the third quarter of 2023, a year-over-year increase of 40% compared to 264,781 units sold in the same period last year. Sales showed a minor drop from the 371,340 units sold in the previous quarter. EVs accounted for 7.3% of overall automobile sales, according to data released by the Ministry of Road Transport and Highways through its Vahan Dashboard. India has over 2.7 million registered EVs as of September 2023.

NHPC invited bids for the engineering, procurement, and construction of a 40 MW solar power project along with the associated transmission line for connectivity at the 220 kV transmission system of the Odisha Power Transmission Corporation in the Ganjam district. The successful bidder must also oversee the project’s operation and maintenance for five years. The last date to submit the bids online is November 10, 2023. Bids will be opened on November 16. Bidders must submit ₹30 million (~$360,540) as an earnest money deposit.

Central Mine Planning and Design Institute invited bids to develop a grid-connected 5 MW solar power project for Central Coalfields Limited, Ranchi at Barkasayal area, Ramgarh, Jharkhand. The scope of the work includes the design, supply, erection, commissioning, and testing of the solar power project. The developer will also be responsible for the operation and maintenance of the project for five years. The last date for submission of bids is October 25, 2023. Bids will be opened the next day. The project’s estimated value is ₹328.15 million (~$3.9 million).

Rewa Ultra Mega Solar invited bids to select a consultant for developing its environment, social, and governance strategy. The last date to submit the bids is October 23, 2023. Bids will be opened the following day. The International Bank for Reconstruction and Development will fund the project. Bidders should have provided at least two task forces on climate-related financial disclosures and related advisory services for an organization in the last three years. They should have prepared at least three detailed carbon footprint assessment reports for a reputed organization in the last three years.

The Power Grid Corporation of India emerged as the successful bidder for the execution of the two inter-state transmission system projects– Bhadla III Transmission and Ananthapuram Kurnool Transmission from PFC Consulting, to evacuate a total of 23.5 GW of renewable energy in Rajasthan and Andhra Pradesh. The Bhadla III is dedicated to establishing a transmission system to evacuate power from the renewable energy zone in Rajasthan (20 GW) under Phase-III Part B1. The Ananthapuram Kurnool Transmission project is focused on creating a transmission project for solar energy zones in Ananthapuram (2,500 MW) and Kurnool (1,000 MW) in Andhra Pradesh.

A recent stakeholder meeting held by Minister of Steel Jyotiraditya Scindia emphasized the importance of a comprehensive approach to deploying renewable energy to decarbonize the steel industry. Along with the use of renewable energy, the meeting organized by the Steel Ministry discussed pathways for the industry’s decarbonization through skill development and incentives. The meeting brought together five of the 13 task forces, all aimed at fostering the green steel ecosystem in India, uniting a consortium of stakeholders, industry experts, and government officials to realize the aim of decarbonization of the steel industry landscape.

The Federal Network Agency of Germany concluded its latest 400 MW solar with storage auction with a total of 32 accepted bids, revealing a lowest tariff of €0.077 (~$0.081)/kWh.The tariffs of the successful bids ranged from €0.077 (~$0.081)/kWh to €0.088 (~$0.093)/kWh.The average volume-weighted award price in this round was €0.083 (~$0.087)/kWh.As a result, both the volume-weighted average price and the respective maximum value were around €0.018 (~$0.019)/kWh above those of the solar auction held in July this year.

The Banks Group, a Durham headquartered infrastructure and energy firm, announced the acquisition of Banks Renewables, its renewable energy division, by global asset manager Brookfield. Banks Renewables currently manages a total renewable energy generation capacity of 223 MW. With planning permissions for an additional 200 MW and 347 MW in various planning stages, Banks Renewables said it continues its commitment to reducing CO2 emissions and expanding its renewable energy portfolio. In addition to operating ten onshore wind farms across Scotland and northern England with a combined capacity of 223 MW, Banks Renewables has secured planning permissions for 14 wind farms.