March 26, 2024 admin

Navi Mumbai Corporation Invites Bids for 100 MW Floating Solar Project

Navi Mumbai Municipal Corporation (NMMC) has invited bids to develop a 100 MW floating solar project and a 1.5 MW hydroelectric project at Morbe Dam in the Raigad district of Maharashtra.

The last day to submit the bids is April 2, 2024. Bids will be opened on the next day.

Bidders must furnish an earnest money deposit of ₹25 million (~$300,128).

The selected bidder must submit ₹325 million (~$3.9 million) as performance security.

The declared capacity utilization factor for the floating solar project should not be less than 19% annually and not more than 30% for the hydroelectric project.

The floating solar project will be implemented in 60 MW and 40 MW phases.

The required electricity generation per annum will be 10.80 million units (MU) from hydroelectric projects and 208.8 MU (125.28 MU Phase 1 and 83.52 MU Phase 2) from the floating solar project.

The projects must achieve financial closure within 210 days from the power purchase agreement’s signing date.

The hydroelectric project’s commercial operation date (CoD) should be 18 months from the date of financial closure. The CoD for Phase 1 of the floating solar project should be within 12 months from the date of financial closure. The CoD for Phase 2 of the floating solar project should be 12 months from the CoD of Phase 1 or 12 months from the order for the next phase issued by NMMC, whichever is earlier.

Bidders should have completed at least three projects, each with a minimum capacity of 40 MW, at least two projects, each with a minimum capacity of 50 MW, or one project with a minimum capacity of 80 MW for government, public sector or private sector organizations during last ten years.

Bidders who have completed a single project with a total capacity of 100 MW, including multiple packages, phases, contracts, or agreements, at one location can also participate.

They should have a net worth equal to or greater than ₹1.65 billion (~$19.8 million) as of March 31, 2023.

Modules used should be included in the Ministry of New and Renewable Energy’s Approved List of Models and Manufacturers.

In December, THDC India invited bids from consultants and expert agencies to create a feasibility report to set up floating solar power projects on reservoirs in Maharashtra.

Subscribe to Mercom’s India Solar Tender Tracker to stay on top of tender activity in real time.


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March 26, 2024 admin

Collins Aerospace, Luminace Partner with Common Energy on Oregon Solar

Collins Aerospace, Luminace and Common Energy have formed a partnership to support a portfolio of four new community solar projects across Portland, Ore. 

The projects, with a total 12 MW capacity, will be owned and operated by Brookfield Renewables’ Luminace unit. Collins’ facility in Wilsonville, Ore., will make up the commercial allocation, while 10% of the projects’ credits will be allocated to low-income households.

“We’re excited to partner with world class companies like Collins Aerospace and Luminace to energize community solar projects across the country,” says Richard Keiser, founder and CEO of Common Energy. “These projects will bring economic savings and environmental benefits to businesses and consumers across the greater Portland region.”

The post Collins Aerospace, Luminace Partner with Common Energy on Oregon Solar appeared first on Solar Industry.


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Author: Michael Bates

March 26, 2024 admin

Swift Current, NRG Sign PPA for Texas Tres Bahias Solar Project

Swift Current Energy’s 260 MW Tres Bahias Solar project located on Texas’ Gulf Coast is now powering City of Houston facilities through a PPA with an affiliate of NRG Energy.

UnitedHealth Group and Morgan Stanley Renewables are providing the tax equity for the project. ING Capital previously provided construction financing, with Siemens Financial Services and Associated Bank as additional lenders in the construction financing. 

“We are excited that Tres Bahias is now contributing pollution-free energy to the City of Houston’s facilities,” says Eric Lammers, CEO and co-founder of Swift Current Energy. 

“Swift Current continues to grow our operating portfolio, and we’re pleased to be able to supply power to the City of Chicago through our Double Black Diamond project and now to the City of Houston through Tres Bahias. We are grateful for the commitment of Morgan Stanley Renewables, UnitedHealth Group, NRG Energy and the City of Houston on this project.”

First Solar supplied the modules for the project, with Array Technologies providing the trackers. IEA Constructors managed project construction.

Vinson & Elkins and Husch Blackwell represented Swift Current in the transaction. Willkie Farr & Gallagher and Jackson Walker represented Morgan Stanley Renewables. Sidley Austin represented NRG Energy.

The post Swift Current, NRG Sign PPA for Texas Tres Bahias Solar Project appeared first on Solar Industry.


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Author: Kimberly Warner-Cohen

March 26, 2024 admin

JSW’s Renewables Arm Acquires 45 MW Wind Project from Reliance Power

JSW Renewable Energy, a subsidiary of JSW Neo Energy Limited and a step-down subsidiary of JSW Energy, has expanded its renewable energy portfolio with the ₹1.32 billion (~$ $15.8 million) acquisition of the 45 MW Vashpet wind project from Reliance Power.

The company said this transaction has been executed as a going concern on a slump sale basis. The project is located in the Jath region of Sangli District, Maharashtra.

JSW Energy’s acquisition of the wind project aligns with its renewable energy expansion plans. With a target of achieving 20 GW capacity before FY 2030 and carbon neutrality by FY 2050, this transaction will help the company advance its renewables-led growth strategy.

The transaction is subject to obtaining approvals, including a No Objection Certificate (NOC) from the Maharashtra Energy Development Agency, an NOC from existing lenders of Reliance Power, and an NOC from the power off-taker.

The company has initiated the commissioning process for its largest standalone wind project, boasting a capacity of 810 MW. The first phase of 51 MW has already received its commercial operation date.

JSW Energy’s renewable portfolio presently stands at a combined capacity of 5,934 MW. Among these assets, 3,681 MW are operational, encompassing hydropower (1,391 MW), wind (1,615 MW), and solar (675 MW). Furthermore, there are 2,253 MW of assets currently under construction.

The company possesses a total storage capacity of 3.4 GWh, with the Battery Energy Storage System constituting 29% and the Pumped Hydro Storage System constituting 71% of this capacity.

Recently, JSW Neo Energy emerged as one of the winners in NTPC’s auction to set up 1,500 MW of interstate transmission system-connected solar power projects (Tranche II) across India.

The company reported a net profit of ₹2.32 billion (~$27.9 million), a jump of 29% year-over-year in the third quarter of the financial year (FY) 2023-24, helped by a strong performance in the renewables segment and lower fuel costs.


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March 26, 2024 admin

Haryana Awards Contracts for 24,484 Solar Water Pumps Under PM-KUSUM

Haryana Renewable Energy Development Agency (HAREDA) has awarded contracts to supply, install, and commission 24,484 solar water pumping systems under Component B of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan Yojana (PM-KUSUM).

Companies that received contracts for more than 1,000 pumps each were Oswal Pumps (6,471), Shakti Pumps (4,573), AVI Appliances (3,360), Himalayan Solar (1,748), and Rotomag Motors and Controls (1,086).

Alpex Solar also received contacts to commission 1,434 solar water pumps.

The other winners who secured capacities of less than 1,000 solar pumps comprise 19 companies cumulatively accounting for 5,812 solar pumps.

Component B focuses on installing two million standalone solar water pumps, which will be used to irrigate farmland. The initiative aims to cover various categories of beneficiaries, including individual farmers, water user associations, cow shelters, farmer producers’ organizations, primary agriculture credit societies, and community-based irrigation systems. Small and marginal farmers are accorded priority.

Minister of Power R.K. Singh told Parliament that the PM-KUSUM program has benefited over 200,000 farmers as of February 2023. A solar capacity of 89.45 MW has been installed under Component A of the program. Approximately 209,000 pumps have been reported as installed or solarized under Components B and C.

Haryana had the third highest number of beneficiaries among states, with 44,325 farmers enrolled in the program.

Last July, HAREDA announced subsidies of up to 75% for solar pumps ranging from 3 HP to 10 HP capacities under the KUSUM program for the year 2023-24. For solar pumps with a capacity between 3 HP and 7.5 HP, the farmer’s share of the cost will be 25%, while the Ministry of New and Renewable Energy will provide a subsidy of 30% of the total cost, with the state government extending a subsidy of 45% of the cost.

For solar pumps with a capacity of 10 HP, the user share remains at 25% of the cost. However, the MNRE subsidy is limited to 30% of the cost applicable for pumps up to 7.5 HP. The state government subsidy will cover the rest.

Subscribe to Mercom’s India Solar Tender Tracker to stay on top of real-time tender activity.


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March 26, 2024 admin

GRIDCO Invites Bids for 2.5 GWh of Energy Storage Capacity

Grid Corporation of Odisha (GRIDCO) has invited bids to procure 500 MW (2,500 MWh) of energy storage capacity with 5 hours of daily peak power support for a period of five years starting April 1, 2026.

The energy storage network (ESS), which can be technology-agnostic, must be connected to the central or state transmission network.

The last date to submit bids is April 23, 2024. The minimum bid size is 250 MWh (50 MW x 5 hours), while the maximum is capped at 1,250 MWh (250 MW x 5 hours).

To participate, bidders must submit an earnest money deposit of ₹200,000 (~$2,400)/MW. Successful bidders will have to furnish a performance bank guarantee of ₹1 million (~$11,200)/MW of the allotted capacity before signing the energy storage purchase agreement (ESPA).

The bidders’ net worth should be greater than or equal to ₹10 million (~$1,219,512)/MW of the quoted capacity on average for the last three financial years. The submission of annual audited accounts for the last financial year would be required.

Only commercially established and operational ESS technologies will be considered. The projects must ensure a minimum monthly availability of 95% during the five-hour peak period and provide one complete charge-discharge cycle per day with a maximum recovery time of 1 hour between cycles.

Bidders from countries sharing a land border with India must be registered with the competent authority per government guidelines. GRIDCO reserves the right to accept or reject any or all bids without assigning reasons.

Odisha is aiming to increase the share of renewable power in its energy mix to the tune of 43% by 2029-30.

Earlier this year, GRIDCO invited bids to source land from land owners and aggregators for either lease or sale to project developers for setting up solar power projects in Odisha.

Last year, the Solar Energy Corporation of India signed a power sale agreement with GRIDCO, the state-owned power distribution company, for 600 MW of wind power under Tranche XIII of the Inter-State Transmission System-Connected Wind Power Projects program.

Subscribe to Mercom’s India Solar Tender Tracker to stay on top of real-time tender activity.


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March 26, 2024 admin

India’s Solar Promise: From Decarbonized Growth to Energy Security

India’s commitment at COP 26 of 500 GW of renewable energy by 2030 translates to a 4x increment of operating assets. Historical energy elasticity of 1-2x is a given, considering the trends in GDP growth. It is a fair estimate to say that the country will need electricity generation capacity of upto ~ 900 GW by 2030.


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March 26, 2024 admin

Jakson ties up with Dubai-based Powernsun

According to a company statement, Jakson Group will manufacture the products at its facility in Noida. This collaboration aims to significantly bolster Jakson’s distribution network, thereby advancing a sustainable energy future for the regions and beyond.


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March 26, 2024 admin
March 26, 2024 admin
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