RECPDCL Invites Bids to Acquire 200 MW of Solar, Wind, or Hybrid Projects

GreenCell Mobility Secures ₹3 Billion for Electric Bus Fleet in Uttar Pradesh

HPCL Seeks Bids for 81.5 MW Rooftop and Floating Solar Project

Shoals’ Q1 2024 Net Income Drops 72% YoY on Lower Sales

HPCL Floats EPC Tender for 78 MW Wind-Solar Hybrid Project

Tata Power Hits Record Profits of ₹42.8 Billion in FY 2024

RE100 Companies Met 50% of Power Needs from Renewables in 2022

Daily News Wrap-Up: Vendor Registration Guidelines for PM Surya Ghar Program

India Added 1.2 GW Wind Capacity in Q1 2024, 56% YoY Increase

JSW Energy’s Q4 Profits Up 22% as Renewable Generation Surges by 124%


					<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="https://cms.mercomindia.com/wp-content/uploads/2024/01/amazon_polly_62363.mp3?version=1705554442">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p><a href="https://www.mercomindia.com/government-incentives-produce-green-ammonia" target="_blank" rel="noopener"><strong>The Ministry of New and Renewable Energy has laid down the incentive implementation framework for the production and supply of green ammonia</strong></a> at the lowest cost through a competitive selection process under Mode 2A of the Strategic Interventions for Green Hydrogen Transition program. Under the framework, direct incentives for green ammonia production and supply will be granted over three years from the commencement date.</p>
<p><a href="https://www.mercomindia.com/railways-1-1-mw-rooftop-solar-gujarat" target="_blank" rel="noopener"><strong>Vadodara Division of Western Railway in Gujarat has invited bids to install 1.151 MW of grid-connected rooftop solar power projects at its stations and other locations.</strong></a> The work should be completed within 12 months of receiving the work order. The advertised value of the project is estimated to be ₹57.71 million (~$694,211). The last day to submit the bids is February 12, 2024. Bids will be opened the same day. Bidders must submit an earnest money deposit of ₹438,600 (~$5,277).</p>
<p><a href="https://www.mercomindia.com/gensol-%e2%82%b91-39-billion-solar-epc-contract-sarda" target="_blank" rel="noopener"><strong>Engineering and consulting firm Gensol Engineering has secured an engineering, procurement, and construction contract for a 33 MWac (50 MWdc) captive solar power project</strong></a> from the steel and ferro alloys manufacturer Sarda Energy and Minerals to meet power requirements for its Kharora plant in Chhattisgarh. The project is expected to cost about ₹1.50 billion (~$18.06 million), according to Sarda Energy.</p>
<p><a href="https://www.mercomindia.com/rvnl-jakson-green-jv-execute-solar-epc-overseas" target="_blank" rel="noopener"><strong>Rail Vikas Nigam (RVNL) and Jakson Green, the renewable energy arm of the Jakson Group, have announced the formation of a joint venture (JV) to explore solar power project</strong></a> opportunities in India and abroad. Under the agreement, Jakson Green will own the majority 51% stake in the newly formed company and RVNL the remaining 49%. The company signed a memorandum of understanding in March 2023, indicating its intention to form the JV to execute clean energy engineering, procurement, and construction projects globally.</p>
<p><a href="https://www.mercomindia.com/oman-500-mw-ibri-iii-solar-project" target="_blank" rel="noopener"><strong>Nama Power and Water Procurement, Oman’s national power and water procurement company, has issued a request for qualification to develop the 500 MW Ibri III solar power</strong></a> project in partnership with the private sector. The cost of the tender document is OMR350 (~$909), which must be purchased by January 20, 2024. The last day to submit the bids is February 19, 2024. The proposed Ibri III solar project is planned to be constructed in Al Dhahirah Governorate.</p>


Daily News Wrap-Up: Government Announces Incentives for Green Ammonia Production


					<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="https://cms.mercomindia.com/wp-content/uploads/2024/01/amazon_polly_62354.mp3?version=1705493455">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>Rail Vikas Nigam (<a href="https://rvnl.org/home" target="_blank" rel="noopener">RVNL</a>) and <a href="https://www.jakson.com/green-energy/" target="_blank" rel="noopener">Jakson Green</a>, the renewable energy arm of the Jakson Group, have announced the formation of a joint venture (JV) to explore solar power project opportunities in India and abroad.</p>
<p>Under the agreement, Jakson Green will own the majority 51% stake in the newly formed company and RVNL the remaining 49%.</p>
<p>The company signed a memorandum of understanding in March 2023, indicating its intention to form the JV to execute clean energy engineering, procurement, and construction (EPC) projects globally.</p>
<p>The partnership is expected to bring synergy in designing, executing, and delivering EPC projects globally. The JV will cater to giga-scale EPC clean energy energy projects in the Middle East and North Africa, the Commonwealth of Independent States, and Asia Pacific countries.</p>
<p>Jakson Green claims to have executed over 4 GW of solar EPC contracts and over 1.3 GW of solar operation and maintenance contracts to date.</p>
<p>As the infrastructure and project executing arm of Indian Railways, RVNL oversees the entire infrastructure project cycle from inception to commissioning. It manages the implementation of projects relating to the creation and augmentation of capacities of rail infrastructure on fast track basis and the raising of extra-budgetary resources for special-purpose vehicle projects.</p>
<p>Recently, in May 2023, the company was granted Navratna status, giving it enhanced delegation powers, operation, and financial autonomy.</p>
<p>The company aims to implement green energy projects across its subsidiaries in India and abroad.</p>
<p>The new JV aligns with the Indian Railways’ vision to <a href="https://www.mercomindia.com/wrap-up-indian-railways-net-zero-carbon-emissions-2030" target="_blank" rel="noopener">achieve</a> net zero carbon emissions by 2030.</p>
<p>The projected energy demand of the Indian Railways is expected to reach 8.2 GW by 2029-30. Achieving the net zero carbon emission goal would require about 30 GW of renewable energy capacity by that time.</p>
<p>According to Mercom’s <a href="https://www.mercomindia.com/product/india-solar-tender-tracker" target="_blank" rel="noopener">India Solar Tender Tracker</a>, the Indian Railways has floated 266.61 MW of solar project tenders to date.</p>
<p>Earlier in January 2024, RVNL executed a memorandum of understanding with REC Limited to finance up to ₹350 billion (~$4.21 billion) for Infrastructure Projects to be executed by RVNL over the next five years.</p>
<p>In August 2022, Mercom <a href="https://www.mercomindia.com/solar-helped-southern-railway-save-%e2%82%b920-million" target="_blank" rel="noopener">reported</a> on how Southern Railway saved ₹20 million (~$240,532) annually on its power bills by opting for solar energy.</p>


Rail Vikas Nigam, Jakson Green Form JV to Execute Solar EPC Projects Overseas

rvnl

Get the most relevant India solar and clean energy news.

RECENT POSTS