Indian Oil Issues Empanelment Tender for Solar Power Projects

Southern Railway Seeks Bids for 1.2 MW Rooftop Solar Projects in Chennai

Husk Secures $4 Million from Electrifi to Scale up Mini Grids in Rural India

Doubling Transmission Capacity of Existing Grid Through Reconductoring: Report

Daily News Wrap-Up: BJP, Congress Bet Big on Renewables in Election Manifestos

As ISTS Waiver Nears End, Developers Need Extension Amid Lack of Substations

Mahindra Susten to Develop 150 MW Open Access Renewable Power Project

BJP, Congress Bet Big on Renewables in 2024 Election Manifestos

Daily News Wrap-Up: REIL Invites Bids for 200,000 Mono PERC Solar Cells

Solar, Storage, Wind Drive 95% of US Interconnection Queues as Backlog Rises


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="http://mercomindia.com/wp-content/uploads/2022/10/amazon_polly_42394.mp3?version=1664887646">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>The world will require over 217,000 solar mini grids at a cumulative cost of $127 billion by 2030 to provide power to half a billion people globally, a report by the <a href="https://www.worldbank.org/en/home" target="_blank" rel="noopener">World Bank Group</a> has said.</p>
<p>Currently, 48 million people are connected to 21,500 mini grids. At the current pace, only 44,800 new mini grids serving 80 million people will be built by 2030 at an investment of $37 billion.</p>
<p>Mini grids are electric power generation and distribution systems that electrify a remote settlement comprising hundreds or thousands of customers in a town or a city, those completely isolated from the main grid. They supply power to far-placed households, businesses, public institutions, and anchor clients like telecom towers and large agricultural processing units.</p>
<p>As per the World Bank’s projection as part of its Energy Sector Management Assistance Program (ESMAP), there are currently 29,400 mini grids planned, of which 95% are in Africa and South Asia and include 99% of solar photovoltaic (PV) installations providing power access to over 35 million people at the cost of $9 billion.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-42396" src="https://mercomindia.com/wp-content/uploads/2022/10/Mini-Grid-World-Bank-report-01.png" alt="Mini Grid World Bank report 01" width="600" height="416" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Mini-Grid-World-Bank-report-01.png 602w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Mini-Grid-World-Bank-report-01-300x208.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Mini-Grid-World-Bank-report-01-600x416.png 600w" sizes="(max-width: 600px) 100vw, 600px" /></p>
<p style="text-align: center;">Image courtesy: World Bank Group and ESMAP</p>
<p>While the cost of power generated from solar mini grids has dropped from $0.55/kWh in 2018 to $0.38/kWh today, an investment of $127 billion would be required to provide solar-powered electricity to 490 million people by 2030 at the least cost, through 217,000 mini grids.</p>
<p><strong>Market drivers </strong></p>
<p>ESMAP recognizes five market drivers to set the minigrid sector on a trajectory to achieve full market potential and universal electrification by the end of the decade.</p>
<p>It highlights that increasing the pace of deployment of solar hybrid mini-grids to 2,000 per country each year by building portfolios of modern mini-grids instead of one-off projects will help increase the power accessibility to remotest geographies in the world.</p>
<p>The study suggests providing half a billion people power access for just $10 per month by lowering the cost of electricity generated from solar hybrid mini grids to $0.20/kWh by 2030.</p>
<p>The World Bank suggests electrifying three million income-generating appliances and machines along with power access to 200,000 schools and clinics, establishing quality service for all communities.</p>
<p>It recognizes there is scope to enable minigrid business environments in certain key countries with limited or low access to power. Per the study, such access can be provided through right-handed and adaptive regulations, supportive policies, and reductions in bureaucratic red tape.</p>
<p>It also suggests leveraging development partner funding and government investment to “crowd in” private-sector finance and raises $127 billion from all sources for mini grids by 2030.</p>
<p><strong>Installed versus Planned Capacity</strong></p>
<p>The World Bank estimates a potential for 50,000 mini grids across 138 countries. However, the total installed capacity of first and second-generation mini grids now stands at 21,400 in five regions, including South and East Asia and Africa, against the 29,300 planned.</p>
<p>India, Afghanistan, Myanmar, Nepal, and China have 14,600 mini grids installed, while the planned installations are 24,900.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-42399" src="https://mercomindia.com/wp-content/uploads/2022/10/Mini-Grid-World-Bank-report-02-1.png" alt="Mini Grid World Bank report 02" width="600" height="416" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Mini-Grid-World-Bank-report-02-1.png 602w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Mini-Grid-World-Bank-report-02-1-300x208.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Mini-Grid-World-Bank-report-02-1-600x416.png 600w" sizes="(max-width: 600px) 100vw, 600px" /></p>
<p style="text-align: center;">Image courtesy: World Bank Group and ESMAP</p>
<p>Of the $29 billion total global investment in mini grids to date, Africa and South Asia saw an investment of $9 billion for their deployment. The World Bank has committed $1.4 billion to mini grids in 31 countries until 2027, while the private sector has invested over $500 million for mini grids in low-income nations since 2013.</p>
<p>Infrastructure Vice President at the World Bank Riccardo Puliti explained, “Now more than ever, solar mini grids are a core solution for closing the energy access gap. The World Bank has been scaling up its support to mini grids as part of helping countries develop comprehensive electrification programs.”</p>
<p>The top three private-sector mini grid developers are Tata Power Renewable Microgrids with 10,000 installed and planned mini grids in India, Husk Power with 5,000 in India and Africa, and OMC Power with 5,000 mini grids across India.</p>
<p>Husk Power recently <a href="https://mercomindia.com/husk-power-6-million-debt-facility-solar-microgrids/" target="_blank" rel="noopener">signed</a> a debt facility of $6 million from the EU- funded Electrification Financing Initiative to implement 80 solar microgrids that will electrify 80 communities in India, benefitting an estimated 60,000 people and connecting nearly 10,000 new customers.</p>
<p><strong>Access to power</strong></p>
<p>Given the current developments, around 930 million people will have to obtain a power connection in the next eight years to achieve Sustainable Development Goal 7. The International Energy Agency (<a href="https://www.iea.org/" target="_blank" rel="noopener">IEA</a>) <a href="https://mercomindia.com/augmenting-renewable-integration-grid-iea/" target="_blank" rel="noopener">projects</a> that if the current policies and efforts are ramped up, only 260 million people are likely to get power access by 2030, while 670 million will remain without power, with nine out of ten likely to live in sub-Saharan Africa.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-42401" src="https://mercomindia.com/wp-content/uploads/2022/10/Mini-Grid-World-Bank-report-03.png" alt="Mini Grid World Bank report 03" width="600" height="416" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Mini-Grid-World-Bank-report-03.png 602w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Mini-Grid-World-Bank-report-03-300x208.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Mini-Grid-World-Bank-report-03-600x416.png 600w" sizes="(max-width: 600px) 100vw, 600px" /></p>
<p style="text-align: center;">Image courtesy: World Bank Group and ESMAP</p>
<p>Solar mini-grids have become the least-cost way to bring high-quality 24/7 electricity to towns and cities off the grid or experiencing regular power cuts.</p>
<p>As a result of decreasing costs of key components and the emergence of new digital solutions clubbed with growing economies, the deployment of solar mini grids has seen a significant boost from around 50 per country annually in 2018 to over 150, specifically in regions with the lowest rates of power access.</p>
<p>Mini grid operators can manage their systems remotely and paid smart meters enable customers to pay as they use the electricity while connecting 490 million people to solar mini grids would mitigate 1.2 billion tons of carbon dioxide emissions annually.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/gourav-mishra/" class="vcard author" rel="author"><span class="fn">Gourav Mishra</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/WhatsApp-Image-2022-04-06-at-6.37.25-PM-1-1.jpeg" width="50" /></p>
<p><strong style="text-decoration: underline">Gourav,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">More articles from Gourav.</a></p>
</div>
<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/WhatsApp-Image-2022-04-06-at-6.37.25-PM-1-1.jpeg" width="89" height="102" /><a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">Gourav</a> is a staff reporter with Mercom India with over six years of experience in various roles with NewsX, The New Indian Express, IBTimes India, and U.S., Republic, and Analytics India Magazine. Gourav has a Master&#8217;s in journalism from Jain University, Bengaluru. <a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">More articles from Gourav Mishra</a></div>
</div></div><div class="clearfix"></div></div></div>

217,000 Solar Mini Grids Needed by 2030 to Provide Power to Half a Billion People

<p>Here are some noteworthy cleantech announcements of the day from around the world:</p>
<p><strong>NHPC</strong> <a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/e2b0bac5-782e-4368-a70e-ba0008a11ce8.pdf" target="_blank" rel="noopener"><strong>entered</strong></a><strong> into an agreement with the lender HDFC bank to securitize its return on equity of its 540 MW Chamera-I Power Project in Himachal Pradesh for a period of 10 years. </strong>The securitization facility has been valued at ₹10.16 billion (~$135 million) at a 5.24% per annum discounting rate linked to three-month T-Bills. Currently, NHPC&#8217;s total installed generation capacity stands at 7,071 MW, including 100 MW of Solar and Wind energy-based plants. Another 105 MW of solar projects are under construction.</p>
<p><strong>The Government of Nagaland, represented by the Mon District Administration and Mithun Rural Development Foundation (MRDF), </strong><a href="https://ipr.nagaland.gov.in/mini-grid-inaugurated-totokchinga-village-mon" target="_blank" rel="noopener"><strong>signed</strong></a><strong> a 20-year agreement to set up mini-grids </strong>in rural Nagaland. The program aims to provide reliable access to electricity for the last mile and promote the adoption of green energy sources, covering 1000 villages in the next seven years. The Mon District Administration and MRDF inaugurated their first of the three mini-grids at Totokchingha village. The inaugurated mini-grids aim to enable clean energy access, improve livelihoods, support women entrepreneurs, and increase the state&#8217;s GDP while reducing greenhouse gas emissions. Smart Power India will play an important role in supporting the entire program framework and value chain, including design, delivery, and facilitating financial and market linkages.</p>
<p><strong>All pending regulatory conditions have been </strong><a href="https://www.edpr.com/en/news/2022/02/24/edpr-completes-agreement-sunseap-establish-its-asia-pacific-headquarters-singapore" target="_blank" rel="noopener"><strong>met</strong></a><strong> for EDP Renewables to acquire a 91% stake in Sunseap. </strong>Following the closure of its S$1.1 billion deal with Sunseap, EDPR stated it plans to invest S$10 billion by 2030 to create an industry-leading clean energy hub for the Asia Pacific (APAC) region, with a sizeable portfolio including close to 10 GW of renewable projects at different stages of development and an experienced team of more than 600 employees spread across nine markets. EDPR and Sunseap will embark on renewable energy projects across the Asia Pacific region, specifically solar and wind projects, and explore cooperation opportunities in energy storage and green hydrogen. EDPR now has access to markets with over 120 GW per year growth in renewables, representing approximately 75% of the expected global growth during 2020-2030.</p>
<p><strong>Saudi Arabia&#8217;s energy major ACWA Power </strong><a href="https://www.acwapower.com/news/acwa-power-breaks-ground-on-uzbekistans-first-publicly-tendered-wind-project/" target="_blank" rel="noopener"><strong>broke ground</strong></a><strong> on the 100 MW Nukus wind project located in Karakalpakstan, Uzbekistan. </strong>The ground-breaking comes less than two months after binding project agreements were signed with the government of the Republic of Uzbekistan and JSC National Electric Grid, the off-taker. With an estimated total investment of $108 million, the project is expected to reach a financial close by Q3 2022. It is located in the Karatau district, Karakalpakstan region, in the North-western part of the country. The Uzbek government plans to diversify the country&#8217;s energy mix and is targeting 8 GW of solar and wind capacity by 2026. The Nukus wind project marks the country&#8217;s first open, competitive tender in the wind energy sector. ACWA Power won the bid after proposing a tariff of $2.56/kWh, the lowest in the bidding process, including 11 other bidders.</p>
<p><strong>Nori, a Washington-based technology startup creating a carbon removal marketplace, </strong><a href="https://www.businesswire.com/news/home/20220224005212/en/Nori-Raises-7M-Series-A-Investment-As-It-Scales-Its-Groundbreaking-Carbon-Removal-Marketplace/?feedref=JjAwJuNHiystnCoBq_hl-Ypx8OuIA-qqxXAfOC1go22PU1fv-fCAtwybrddq94az7dI9_69nqXXndEkzoNy31peBvhKXN8xoKDPrCnMXhC58cMd5Jhr97vTYoLZQbGkSFja_QkRbjKVqSkUPuEMBEw==" target="_blank" rel="noopener"><strong>closed</strong></a><strong> a $7 million Series A funding round led by M13, with Toyota Ventures joining and participation from Placeholder. </strong>The company plans to use the funding for scaling its innovating carbon removal technology. Nori focuses on carbon removal rather than emissions reduction or avoidances. Its innovative marketplace provides substantial financial rewards to farmers who use regenerative farming practices that involve soil carbon sequestration. The company claims the ten farmers in its marketplace have already been paid more than $1 million for their carbon removal credits. Soil sequestration is the first of Nori&#8217;s carbon removal offerings, with additional methodologies coming to market in the future. Nori solves a pervasive accounting problem in the carbon offset industry by minting their carbon removals on Ethereum as non-fungible tokens (NFTs).</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/arjun-joshi/" class="vcard author" rel="author"><span class="fn">Arjun Joshi</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Arjun-Joshi-1.png" width="50" /></p>
<p><strong style="text-decoration: underline">Arjun Joshi,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/arjun-joshi/" target="_blank" rel="noopener">More articles from Arjun Joshi.</a></p>
</div>
<div class="authorboxn">
<p><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Arjun-Joshi-1.png" width="86" height="102" /><a href="https://mercomindia.com/author/arjun-joshi/" target="_blank" rel="noopener"><strong style="color: #00b451">Arjun Joshi</strong> </a>is a staff reporter at Mercom India. Before joining Mercom, he worked as a technical writer for enterprise resource software companies based in India and abroad. He holds a bachelor’s degree in Journalism, Psychology, and Optional English from Garden City University, Bangalore. <a href="https://mercomindia.com/author/arjun-joshi" target="_blank" rel="noopener">More articles from Arjun Joshi.</a></p>
<p style="height: 17px">
</div>
</div></div><div class="clearfix"></div></div></div>

Daily News Wrap-Up: NHPC, HDFC Bank Sign Securitization Deal Worth ₹10.16 Billion

minigrids

Get the most relevant India solar and clean energy news.

RECENT POSTS