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					</table><p><a href="https://www.mercomindia.com/average-cost-large-scale-projects-drop-q2" target="_blank" rel="noopener"><strong>The average cost of large-scale solar projects in India declined by 8.1% year-over-year in Q2 of 2023.</strong></a> Continuing from the previous quarter, the cost reduction was primarily driven by the falling module prices, which account for approximately 60% of the solar project cost. The average project costs decreased by 4.5% quarter over quarter. The findings were published in Mercom India Research’s recently released Q2 2023 India Solar Market Quarterly Update.</p>
<p><a href="https://www.mercomindia.com/ministry-viability-gap-funding-energy-storage-projects" target="_blank" rel="noopener"><strong>The Ministry of Power has released a comprehensive framework to create an ecosystem for developing energy storage systems to guarantee affordable, clean, stable, flexible, and secure power.</strong></a> The recommendations range from financial incentives to changes in bidding guidelines for storage projects. The Ministry has proposed policy and regulatory measures that are either under review or may be contemplated in the future. To enhance the cost-effectiveness of energy storage and make the battery energy storage system (BESS) a feasible choice, a recommendation has been made to extend the viability gap funding support to the first few BESS projects.</p>
<p><a href="https://www.mercomindia.com/nlc-invites-bids-for-balance-mw-solar-projects" target="_blank" rel="noopener"><strong>NLC India has invited bids for the balance of system works for 600 MW grid-connected solar power projects at Khavda, Gujarat.</strong></a> The last date for the submission of bids is September 29, 2023. Bids will be opened on the same day. The scope of the work includes design, engineering, site development, manufacture, inspection at supplier’s works, supply, insurance, transport, storage, erection, installation, testing, and commissioning of the total capacity and the evacuation system up to the point of connection (i.e., 33 kV side of 33/400 kV pooling substation).</p>
<p><a href="https://www.mercomindia.com/gokul-milk-floats-tender-for-6-5-mw-captive-solar-power-project-in-maharashtra" target="_blank" rel="noopener"><strong>Cooperative Dairy Golkul Milk Kolhapur has floated a tender for engineering, procurement, and commissioning (EPC) of a 6.5 MW captive solar power project in Maharashtra.</strong></a> The last date for the submission of bids is September 25, 2023. The EPC contractor will be responsible for design engineering, procurement of components, inspections, project installation, and commissioning, along with tasks such as acquiring land, obtaining right-of-way clearances, and liaising with government agencies.</p>
<p><a href="https://www.mercomindia.com/ayana-supply-100-mw-rtc-renewable-hindalco-odisha" target="_blank" rel="noopener"><strong>Ayana Renewable Power, an India-based independent power producer, has signed a power purchase agreement with Hindalco Industries, the metals flagship company of Aditya Birla Group, for the supply of 100 MW of round-the-clock renewable power to Hindalco’s smelters in Odisha.</strong></a> The 25-year power purchase agreement will be facilitated by 330 MW of solar-wind plus storage projects to be developed across India and connected through inter-state transmission systems. Ayana will offer storage solutions in partnership with Greenko Energies’ pumped hydro storage project in Pinnapuram, Andhra Pradesh.</p>


Daily News Wrap-Up: Average Cost of Large-Scale Solar Projects Declines by 8% in Q2


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					</table><p><a href="https://www.ayanapower.com/" target="_blank" rel="noopener">Ayana Renewable Power</a>, an India-based independent power producer, has signed a power purchase agreement with <a href="https://www.hindalco.com/" target="_blank" rel="noopener">Hindalco Industries</a>, the metals flagship company of Aditya Birla Group, for the supply of 100 MW of round-the-clock (RTC) renewable power to Hindalco’s smelters in Odisha.</p>
<p>The 25-year power purchase agreement will be facilitated by 330 MW of solar-wind plus storage projects to be developed across India and connected through inter-state transmission systems.</p>
<p>Ayana will offer storage solutions in partnership with Greenko Energies’ pumped hydro storage project in Pinnapuram, Andhra Pradesh. The captive open access project is expected to have ~50% of solar and wind share.</p>
<p>Shivanand Nimbargi, MD &amp; CEO of Ayana Renewable Power, said, &#8220;At Ayana Renewable Power, we are resolutely committed to steering India&#8217;s energy transition journey. Our latest project marks a pivotal milestone as we deliver 100 MW of uninterrupted, carbon-free power round-the-clock – a pioneering feat in the industrial segment.”</p>
<p>The company claims that the RTC renewable project is the first of its kind globally to supply reliable and continuous power to the aluminum industry.</p>
<p>Aluminum smelting is a concentrated process that requires reliable and uninterrupted power. A round-the-clock power supply is expected to help Hindalco run its smelters without any dependence on grid electricity.</p>
<p>Kumar Mangalam Birla, Chairman of the Aditya Birla Group, at the recent company annual general meeting, had informed that Hindalco’s renewable energy integration has increased by over 54% in the financial year 2023 and currently stands at 150 MW against the company’s target of 300 MW by 2025.</p>
<p>In June 2022, Hindalco <a href="https://www.mercomindia.com/hindalco-to-purchase-power-from-a-5-mw-open-access-wind-project" target="_blank" rel="noopener">entered</a> into an agreement to acquire a 26% stake in Cleanwin Energy SIX’s 5 MW captive open access wind project to procure wind power to help reduce energy costs.</p>
<p>Ayana recently <a href="https://www.mercomindia.com/sprng-ntpc-ayana-o2-1-gw-hybrid-auction" target="_blank" rel="noopener">won</a> the Railway Energy Management Company’s tender to supply 300 MW of RTC power by quoting ₹4.10 (~$0.050)/kWh.</p>
<p>With more and more commercial and industrial entities adopting renewable energy for their electricity needs, Mercom India is hosting the ‘C&amp;I Clean Energy Meet 2023’ in multiple cities across India, bringing together renewable energy industry stakeholders face-to-face with C&amp;I  businesses who wish to transition to renewables.</p>
<p>The next event will be <a href="https://www.mercomindia.com/event/ci-clean-energy-meet-2023-coimbatore" target="_blank" rel="noopener">held</a> in Coimbatore on September 15, 2023, at the Welcomhotel by ITC Hotels, Race Course.</p>


Ayana to Supply 100 MW RTC Renewable Power to Hindalco’s Smelters in Odisha

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