CERC has proposed new norms for forecasting, scheduling and imbalance handling of renewable power…

 

The new regulations for scheduling solar and wind power for transmission through the grid could escalate prices.

If the power generator deviates from its schedule and under supplies, it would be liable for a penalty. The penalty amount, which would be calculated as per unit energy shortfall, will go in a pool - Renewable Regulatory Fund (RRF). The amount from this fund would be shared among all the states buying from that power plant in the ratio of their peak demand during the previous month. States defaulting on buying renewable power as prescribed under their renewable purchase obligation (RPO), too, would have to pay a penalty.

The Central Electricity Regulatory Commission (CERC) has proposed norms for forecasting, scheduling and imbalance handling of renewable power. It says that the power generator would be paid for the energy supplied to the grid and not the capacity tied up.

The wind or solar power generator would have to use tools to forecast power generation from its plant and then schedule power sale accordingly in the grid.

"Renewable Energy Management Centres (REMCs) are being established and these would be equipped with advanced forecasting tools... the buyer would be paying tariff for the energy scheduled to the wind/solar energy generators," said the draft regulations. The scheduling would be done by regional load despatch centres (RLDCs).

The industry finds the proposal not in sync with the government's target to add 1.75 gW of renewable power by 2022.

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PGCIL seeks USD 500 Mn loan from World Bank to finance transmission projects for evacuation of Solar Power

 

Power Grid Corporation of India (PGCIL) has sought $500 million loan assistance from the World Bank for financing projects.

Power Grid is engaged in building transmission projects across the country. It also provides consultancy services in the power sector.

According to PGCIL, discussions are undergoing with the Ministry of Power (MoP) and Ministry of Finance (MoF) and the World Bank regarding funding assistance of transmission systems for evacuation of power from the solar parks.

For funding of its other transmission projects, Power Grid has submitted a proposal to the Ministry of Power for recommending it for consideration of Finance Ministry for sovereign loan assistance of $500 million from the World Bank.

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UPERC issues draft regulations for solar rooftop & net metering

 

Uttar Pradesh Electricity Regulatory Commission (UPERC) has issued draft regulations for solar rooftop and net metering called as UPERC (Rooftop Solar PV Grid Interactive System Gross / Net Metering) Regulations, 2015.

As per the draft regulations, the eligible consumers can install rooftop solar systems under both gross & net metering schemes.

Further, the consumers who are availing Accelerated Depreciation (AD) Benefits for their rooftop solar projects will be eligible only for the net metering scheme.

The maximum peak capacity of the grid connected rooftop solar system to be installed by any eligible consumer shall not exceed 90% of the contract demand of the consumer.

Brief of the Regulations:

• Minimum Capacity: 1 kWp
• Ownership Arrangements: Both self owned & third party owned allowed.
• Metering Arrangements: Gross & Net metering. If the consumer installs solar rooftop under the gross net metering scheme he will have to inject entire power generated into the grid, while in other case if the consumer opts for Net Metering scheme he will be entitles to use the power generated at his premises and will be allowed to inject the surplus power into the grid.
• Charges: Wheeling & Cross Subsidy charges are exempted
• Solar RPO: In case the consumer is not an eligibility entity then such quantum of energy consumed by the consumer will qualify towards the RPO of the distribution utility.

UPERC has invited comments and suggestions through a public notice, by 1st March 2015. Click here to access the notification.

The Draft Can be accessed here.

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Implementation of Project for setting up of 15,000 MW of Grid-connected Solar PV Power plants through NTPC/ NTPC Vidyut Vyapar Nigam Limited under National Solar Mission

 

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for the implementation of the scheme for setting up of 15,000 MW of Grid-connected Solar PV Power projects under the National Solar Mission through NTPC/ NTPC Vidyut Vyapar Nigam Limited (NVVN) in three tranches namely, 3000 MW under Tranche-l under mechanism of Bundling with Unallocated Coal based Thermal Power and fixed levellised tariffs, 5,000 MW under Tranche-ll with some support from Government to be decided after getting some experience while implementing Tranche-l and balance 7,000 MW under Tranche-Ill without any financial support from the Government.

Successful completion of additional 15,000 MW capacity of Grid-connected solar PV power generation projects, mainly in the private sector, with largely private investment, under the National Solar Mission would accelerate the process of achieving grid tariff parity for solar power and also help reduce consumption of kerosene and diesel, which is presently in use to meet the unmet demand.

In Tranche-l, which will be Batch-II of Phase-II of the National Solar Mission, 3000 MW capacity of solar PV power plants will be based on bundling of solar power (3000 MW) with unallocated thermal power (1500 MW) in the ratio of 2:1 (in MW terms), for which the required 1500 MW unallocated thermal power has been made available by the Ministry of Power. The bundled power will be allotted to various States that come forward to (i) provide land for setting up the solar power projects and (ii) purchase a major portion of the bundled solar power for consumption within the State (iii) ensure connectivity to the solar power project. The capacity allotted to each such State will be set up through developers, to be selected through international competitive bidding by NTPC /NVVN. Both private and government companies would be free to bid for projects.

1000 MW capacity out of the 3000 MW under the bundling scheme will be set up on land already identified in Andhra Pradesh. The balance 2000 MW capacity under the Bundling Scheme will be allotted in other interested States that come forward.

It is estimated that implementation of Tranche-l of the scheme will entail total investment of over Rs.18,000 crore, all of which will be met by project developers, mainly private.

A Payment Security Mechanism / Working Capital Fund with an estimated corpus of Rs. 2300 crore to cover 3 months payment for bundled capacity of 3000 MW of Solar Capacity with 1500 MW NTPC Coal Power, will be set up to ensure bankability of PPAs and timely payment to developers. This will be evolved through collaborative efforts of Government of India and Solar Project Developers. The modalities for setting up of Payment Security Mechanism / Working Capital Fund will be finalized subsequently. Accruals from encashment of Bank Guarantees, penalties on developers, etc. will also go into this fund.

Some capacity will be earmarked out of the total procurement under this scheme with provisions of domestically manufactured solar cells as well as modules. The quantity to be fixed with Domestic Content Requirement (DCR) in each tender will be prescribed by Ministry of New and Renewable Energy (MNRE) based on the prevailing market conditions from time to time. Bids received under both the categories (one with DCR requirement and the other without any such requirement) will be evaluated and successful bidders selected independently. Further, this DCR will also be technology agnostic that is applied on both the crystalline silicon and thin film SPV cells and modules.
Background
The first Phase of the National Solar Mission (2010-2013) had a target of 1100 MW for Grid-connected solar power generation capacity, against which 1685 MW was set up in the country under various schemes. Further capacity addition of 9,000 MW comprising 3,000 MW under Central schemes and 6,000 MW under State initiatives/ other mechanisms was envisaged In the 2nd phase of the Mission (April 2013-March 2017).

Now that sufficient experience is available in India in this field and the Government is keen to expeditiously promote solar power in the country, it is proposed to give a quantum jump to development of solar power in India through market driven approach, wherein the role of subsidies and direct Government support is gradually phased out. Specifically, it is proposed to significantly enhance capacity addition in the 2nd phase itself under Central schemes through various mechanisms.

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Punjab 250 MW Solar Tender Results

 

 

Punjab Energy Development Agency (PEDA), nodal agency of Punjab, has invited Request for Proposal (RfP) on December 24, 2014 for development of 250 MW Solar Projects in the State.

 

The Projects were to be developed under following categories: 

• Category–I: 50 MW Capacity (project capacity 1 MW to 4 MW)
• Category–II: 100 MW Capacity (project capacity 5 MW to 24 MW)
• Category–III: 100 MW Capacity (project capacity 25 MW to 50 MW

Bid submission and Non financial bid opening were on January 28, 2015.

Total 32 bids (21 in Cat-I, 7 in Cat-II & 5 in Cat-III) were received aggregating to ~388 MW (34 MW in Cat-I, 149 MW in Cat-II & 205 MW in Cat-III)

The financial bids opened on February 10, 2015.

Summary of Bid Results

• Total Bids: 32 (aggregate capacity 388 MW)
• Lowest Bid: Azure – 4 MW (Rs 7.33/unit) under category I, SolaireDirect – 24 MW (Rs 6.88/unit) under Category II, 50 MW (Rs 6.88/unit) under Category III
• Highest Winning Bid: RatanIndia – 4 MW (Rs 7.45/unit) under Cat I, 24 MW (Rs 7.42/unit) under Cat II & 50 MW (Rs 7.56/unit) under Cat III

List of Successful Bidders

Bidders	Cat-I			Cat-II		Cat-III		Total Capacity (MW)	Levellized Tariff (Rs/Unit)
	Capacity (MW)	Tariff Rs/Unit	Capacity (MW)		Tariff Rs/Unit	Capacity (MW)	Tariff Rs/Unit
ACME	-	-	24		7.16	50	7.06	74	7.09
RatanIndia	4	7.45	24		7.42	50	7.56	78	7.51
Solaire Direct	-	-	24		6.88	30	6.88	54	6.88
Azure	4	7.33	24		7.19	0	0	28	7.21
Total	8	-	96		-	130	-	234	-

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ACME to develop 74 MW of Solar PV Projects with an investment of Rs 600 Crs in Punjab

 

ACME Group, India’s leading solar power player in India, announced that it has emerged as the largest developer for successfully securing 74 MW of solar PV power projects under the Punjab State Solar PV Tender of 250 MW capacities, issued by Punjab Energy Development Agency.

As per the RFP document, ACME would be signing two PPAs of 24 MW and 50 MW capacity, at a tariff of Rs. 7.16/ kwh and Rs. 7.06/ kwh respectively.

Commenting on this momentous occasion, Mr. Manoj Kumar Upadhyay, Founder & Chairman, ACME said ,”We take pride in announcing our partnership with the Punjab State Government as the largest solar power developer in the State and help them  in their endeavor to fuel the Solar Revolution in the country.  We thank the Punjab Electricity Development Agency and offer our complete support to achieve their mission to bring down the GHG emissions through using renewable energy resources.  Through our expertise, we shall bring to the state the success of renewable energy similar to that the country witnessed in the telecom sector.”

This project would entail an estimated investment of Rs 600 crore.

Punjab has the advantage of 300 sunny days and estimated potential of solar energy at 4-7 KWh/Sq.mtr of solar insolation levels.  The state government aims to tap this resource for strengthening power infrastructure in the State by setting up Solar Energy based power projects so as to save the depleting resources for our future generation and to combat global warming, fast depleting conventional sources of energy and resultant increased environmental pollution and combat climate change

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Report on India’s Renewable Electricity Roadmap 2030—Toward Accelerated Renewable Electricity Deployment

 

The “Report India’s Renewable Electricity Roadmap 2030—Toward Accelerated Renewable Electricity Deployment” was released at the Renewable Energy Global Investors Meet & Expo (RE-INVEST 2015).

The report was brought out by NITI Aayog with support of CII, Shakti Sustainable Energy Foundation and RAP (Regulatory Assistance Project), a global non-profit group, talks about the current scenario of renewable energy in India and what needs to be done for its accelerated deployment to address energy security concerns.

Shri Piyush Goyal, Union Minister of State (IC) for Coal, Power and New & Renewable Energy, lauded NITI Aayog for the report and said that it has instilled a lot of hope for following more ambitious targets. “We need to create an enabling environment with respect to clearance, land acquisition and other regulatory support.”

The Minister suggested that the land owners, who provide their land for setting up renewable energy projects, could be given a stake in the projects as an incentive. He urged NITI Aayog to help in creating some innovative model for the RE sector. He addressed the panelists while sitting in the audience.

Commenting on the launch of the report, Smt Sindhushree Khullar, CEO, NITI Aayog- Govt of India stated that this is the first initiative of the Aayog. “Energy and renewable energy is a core area in India. We need to see actual movement on whatever the report suggests about,” said Smt Khullar.

Mr Deepak Gupta, Senior Programme Manager- Power, Shakti Sustainable Energy Foundation, said that the report suggests possible roadmap to achieve ambitious targets in the renewable sector after assessing several best practices around the world.

The panelists were of the opinion that India needs to keep renewable energy as a matter of national importance. They suggested that the need of the hour is to move away from the current practice and make RE as an integral part of the power sector. For this a comprehensive national policy framework would be required for smoother renewable projects development in the country.

Mr Mackay Miller, Technology Innovation Analyst, NREL, congratulated the Indian government for its ambitious RE targets and intent to attain that goal. He suggested that there is need to think about policy and financing mechanism so that investments take place.

Smt Varsha Joshi, Joint Secretary, Ministry of New and Renewable Energy, lauded the report terming it as a good effort by the compilers. “It’s time that India has to look at RE as a resource across the states. There are a lot of things to be learned and a lot to be done,” she said.

Shri Sumant Sinha talked about thinking ‘out of the box’ to operationalise the issues highlighted in the report. “Why can’t we make renewable energy as the backbone of India’s electricity generation? We have to re-think our entire reliability on coal. Discoms are reluctant on buying renewable power against highly subsidised conventional power,” Shri Sinha noted.

Getting fund is seen as one of the major challenges. However, Shri Rajat Misra, VP, SBI Capital Markets Ltd is of the opinion that funding is not a constraint if there is good policy in place.

Shri SK Soonee, CEO, POSOCO, raised the issue of grid as one of the major hurdles in increasing renewable potential. The experts stressed that renewable energy could be the backbone of Indian power scenario provided existing issues are addressed. They objected to having coal as the preferred power choice just because it is available beneath the earth.

Smt Khullar stated that there is misconception in India that renewable energy is for rich. She asked everyone to be a part of this movement in renewable energy. “We are starting this journey with great hope and we should walk together to make it happen,” Smt Khullar concluded.

Source

Download the document here.

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SunEdison planssolar parks for commercial & industrial establishments in Tamil Nadu

 

SunEdison is planning to establish a solar park of 18 MW capacity in Tiruneveli, Tamilnadu. It is also looking at more such parks in the State as more numbers of commercial establishments and industries are expected to go in for solar power systems.

With the option of open access, there is opportunity for more number of commercial and industrial electricity consumers to go in for solar power.

The company has installed over 12 MW solar energy systems in the State and solar pumpsets are a focus area. Farmers will be able to use the land during dry months too with solar power systems.

Regarding market for solar energy across the country, company said that Gujarat and Rajasthan lend more to solar energy because of the geographical advantages. Maharashtra, Karnataka, Andhra Pradesh and Telangana have favourable solar policies.

The company sees opportunities in rural electrification scheme. Off grid installations reduce grid power consumption in rural areas and these are small panels with battery. It has done these projects in about 100 sites in different States.

 

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Rays Power Experts looks to raise Rs 400 Crs

 

Rays Power Experts is planning to raise funds of Rs 400 Crs from private equity firms.

 

According to sources, company is in discussions with Blackstone & Gujarat Venture Finance among others.

 

Rays Power sets up solar parks and provides services ranging from land identification to acquisition, supplying of solar panels and accessories, site infrastructure and maintenance, as well as installation and commissioning of projects.

 

The company is now looking to build its own solar plants and has commissioned a 100-MW solar project at Bikaner in Rajasthan. Rays Power Experts reported profit after tax of Rs 10.7 crore and revenue of Rs 230 crore in the financial year ended March 31, 2014, according to documents filed with the Registrar of Companies.

 

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Bid Results of 250 MW Punjab Solar Tender - Indiabulls, ACME, Solaire Direct, Azure bag contracts

 

Crocus Infra of the Indiabulls group, Delhi-based ACME, French company Solaire Direct, and the American firm, Azure Power, are among those to have won mandates to put up solar power projects in Punjab.

The Delhi-based ACME group has won rights to put up 74 MW solar power projects in a bidding process put through by the Punjab Electricity Development Agency (PEDA). It has won 24 MW bidding a tariff ofRs. 7.16 a kWhr and another 50 MW for Rs. 7.06 kWhr.

The group will put up these projects with an investment of Rs. 600 crore and the electricity will be sold to the state distribution company at these tariffs.

With this, ACME’s total solar projects under development in the country have crossed the 700-MW-mark.

• Crosus picked up 78 MW (24 MW for Rs. 7.42; 50 MW for Rs. 7.56 and 4 MW for Rs. 7.45).
• Solaire Direct got up 54 MW (for Rs. 6.88)
• Azure Power 28 MW (24 MW for Rs. 7.19 and 4 MW for Rs. 7.33)

PEDA had issued a tender to buy solar electricity from 250 MW of projects. The total capacity was divided into three categories, with maximum bid-able capacity of 24 MW, 50 MW and 5 MW by a single company under each category. ACME won the highest allowed in the first two categories.

This is the second tender of PEDA. The first was in 2013, when the state selected companies to build 300 MW of solar power projects. Then, 27 companies won mandates to put up solar plants of 251 MW and sell electricity at tariffs arrived at through the bidding process. Back then, all but four of the 27 quoted tariffs higher than Rs. 8.24. Of the four, only two, of 2 MW each, were below Rs. 7.50, one of them Rs.7.47 and the other Rs. 7.20.

Punjab is a state of 50,000 sq km land, home to 27.7 million Punjabis. The state enjoys solar radiation of 5-5.5 kWhr/metre square per day.

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NTPC to invest $10 billion for building renewable projects

 

National Thermal Power Corporation (NTPC) is planning to invest around Rs 60,000 Crs (USD 10 billion) for development of around 10,000 MW of Renewable Energy Projects in the next five years.

As per the statement issued by the company, it will add 10,000 MW to its existing capacity of 43,143 MW through solar projects in the next five years.

NTPC currently has around 110 MW of renewable power projects.

Recently, NTPC signed a term loan agreement of Rs 10,000 Crs and Rs 2,000 Crs with state-run SBI and Bank of Baroda, respectively, for partially funding its capital expenditure.

It has also floated Notice Inviting Tender (NITs) for four solar projects of 250 MW each in Andhra Pradesh, Madhya Pradesh, Telangana and Rajasthan and one 500 MW project in Andhra Pradesh.

The first 250 MW Solar project in Anantapur in Andhra Pradesh is expected to be awarded by the end of next month.

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First Solar is planning to put up solar manufacturing facility in India

 

According to sources, US based renewable energy major First Solar is actively evaluating possibilities for setting up a solar modules manufacturing facility in India.

According to the company the move is to tap into the country’s growing renewable power market given the Government’s recent thrust on the sector.

However, the company hasn't yet made a decision as it depends upon how demand develops over the next several years.

As said by the Company

"We have continuously evaluated the possibility of putting manufacturing in India and there are many reasons that it might, at some point, be attractive. We need to see continuous and sustainable demand and we need to see visible demand into the future before it will justify the level of capital investment that is involved.”

During the RE-INVEST, First Solar has committed to to build projects to generate 5 GW of solar power in India by 2019.

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Andhra Pradesh signs MoUs for 4200 MW of Renewable Energy Projects and unveils policies for Solar & Wind Energy

 

Andhra Pradesh Government signed Memorandum of Understanding (MoUs for generation of 4,000 MW of wind power and 200 MW of hybrid power in the State during the first Renewable Energy Global Investors Meet and Expo (RE-INVEST).

Andhra Pradesh Government also policies for the wind and solar power projects. 

According to the State Government, around Rs 8.5 billion investment is expected in the transmission & distribution and a huge investment in solar power projects.

The State Government has assured the green energy investors speedy clearances, several exemptions, faster execution schemes, vast land bank, committed bureaucracy and political will for the effective and efficient development of Renewable Energy Projects in the State.

The State Government has proposed the investors to enter into tripartite agreements with the State Discoms and State Government.

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Welspun Renewables Makes a Green Energy Commitment of 11,001 MW

 

Welspun Renewables, India’s leading renewable energy generator has pledged to set up mega 11 GW solar and wind projects across the country.

The 11001 MW capacity will be developed as 8660 MW of solar and 2341 MW of wind power projects. . In line with supporting Prime Minister Narendra Modi’s vision of 100 GW, Welspun Renewables will be formally announcing this commitment in the presence of Honorable Shri Modiji and other prominent global and national policymakers tomorrow morning at RE-INVEST.

Statement made by Mr. Mittal on this occasion: “We believe in Honorable Prime Minister Modi’s vision and are committed to doing our utmost in exponentially increasing India’s green energy capacities. Under the aegis of Shri Modiji India has emerged as one of the most conducive regions for renewable energy development. Our 11001 MW commitment is a direct reflection of how the solar and wind energy industries will be growing in the future. We would like to thank both the MNRE and the state governments for giving us their support in developing our current and previous projects.”

Welspun Renewables will be commissioning over 1 GW of solar and wind capacities well within this calendar year - December 2015.

Source: Welspun Press Release

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2,66,000 MW Renewable Energy Projects commitment given by 293 companies

 

During the first Renewable Energy Global Investors Meet (RE-Invest), commitment to develop as much as 2,66,000 MW of Renewable Energy Projects has been given by around 293 companies. 

Some of them have also assured to put up equipment manufacturing plants as well.

 

• Renewable energy companies including Suzlon and Gamesa have committed to manufacture equipment to help generate 11,000 MW and 7,500 MW of power respectively to be used in the non conventional energy side.
• Country's largest power producer NTPC has also said it would generate 10,000 MW of power through green sources in the next five years.
• Among others are Welspun Energy with a target to generate 11,000 MW renewable energy, followed by ReNew Power 11,500 MW capacity, Reliance Power 6,000 MW, Hindustan Powerprojects 10,000 MW and Sun Edison 15,000 MW.

Country's biggest lender SBI has said it will finance 15,000 mw renewable energy over the next five years.

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SBI commit Rs 75,000 Crs loan for 15,000 MW of Renewable Energy Projects

 

State Bank of India (SBI) committed Rs 75,000 Crs for the 15,000 MW capacity of Renewable Energy Projects to be executed in next 5 years.

Current exposure of SBI is Rs 1,78,000 Crs in the power sector including conventional energy projects as well as Distribution Utilities.

However, SBI has denied any concessional rate of interest for the Renewable Energy Projects as per the current norms. According to it the rate be reduced provided RBI classifies the renewable energy in the priority sector lending category which would provide incentives to banks for lending to this segment.

As per RBI norms, banks have to necessarily lend 40 per cent of the total loans towards priority sector category.

 

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WAAREE Energies ramps up solar PV module manufacturing capacity to 500 MW in Gujarat…

 

WAAREE Energies Ltd. has completed the installation of an additional 250 MW of solar photovoltaic (PV) module manufacturing capacity, bringing the company's total annual manufacturing capacity to 500 MW.

With this installation, WAAREE's manufacturing plant in Surat, Gujarat has become the largest single location solar PV module manufacturing facility in India.

Earlier, WAAREE Energies have managed to secure ~40% of module supply contract in the DCR (Domestic Content Requirement) category, under National Solar Mission Phase II tenders.

In order to meet the huge demand from Europe, UK, Japan & African countries, apart from the Indian markets, Company is already working to expand the production capacity to 1,000 MW which will be completed in the next four months.

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Solar Plant in BHEL to be Commissioned in 2 Months...

 

The 5 MW solar power plant being set up at the Boiler Auxiliary Plant (BAP), attached to the BHEL, at Ranipet, would be commissioned in the next two months, executive director of the plant Veeraraghavan said.

He said this while addressing a gathering on  Republic Day on Sunday.  Veeraraghavan said that the BHEL at Ranipet had commissioned the first ammonia gas conditioning System at TISCO, Jojobera, in collaboration with Heavy Water Board (HWB), Mumbai. In association with the Bhabha Atomic Research Centre (BARC), the BAP developed a brand new technology for simultaneous extraction of polluting sulphur oxide and nitrous oxide from boiler flue gas. This technology was unveiled by the President of India on 15 November, 2013, he added.

The official noted that five Quality Circles of BHEL Ranipet had won gold medals in quality conventions held in Madurai, Chennai and Kolkata between September 2013 and December 2013.

Further, he said, 365 employees of the plant had registered as eye donors in an eye donation camp held by the BAP. The BAP had also bagged an order for supply of a 4000- cubic metre Water Treatment Plant from OPAL, Dahej. This was the largest capacity pre-treatment system order that BHEL Ranipet had bagged so far, he said.

As part of Corporate Social Responsibility, projects worth `35 lakhs were planned by the BAP for this year that included constructing a toilet and associated facilities for the vendors at the weekly Wednesday market in the township, building compound wall and providing a reverse osmosis drinking water facility for the Government Girls Higher Secondary School at Sholingur and constructing a kitchen with store room for the midday meal scheme at SRK- BHEL School.

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Waaree Group launches portal to expand retail business…

 

Diversified conglomerate Waaree Group launched a portal waareemall.in with an aim to provide an online platform for selling its solar products.

Through this platform, Waaree will be able to offer a large range of its solar products like solar mobile charger, solar bag, solar battery charger, solar camping light and other portable products, the company said in a statement.

"This online venture will help us in extending our business and facilitate our customers with convenient access to our products," chairman and managing director Hitesh Doshi said.

The portal will help the company enrich its customer database as the e-commerce venture follows a B2C model, he said.

Waaree Group is a multi-diverse technology group having forte in various verticals such as solar energy, industrial valves and level gauges and petroleum equipment.

"In future, the platform will also sell our industrial retail products like valves and level gauges," Doshi said.

Source

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Orient Green Power's generation capacity crosses 500 MW…

 

Orient Green Power, part of the Shriram Group, today announced its generation capacity has crossed 500 MW and it is keenly evaluating major opportunities to propel growth.

"Post commissioning of biomass plants at Madhya Pradesh (Narsinghpur), Rajasthan (Kishanganj) and Andhra Pradesh (Marikal), the on ground operational capacity of the company now exceeds 500 MW," Orient Green Power Ltd (OGPL) said in a release.

The company's operating capacity stands at 502 MW comprising 416 MW of wind assets and 86 MW of biomass assets.

Orient Green Power has its wind assets located across various states namely, Tamil Nadu, Andhra Pradesh, Gujarat and Karnataka.

Its biomass plants with a total capacity of 86 MW are situated in Tamil Nadu, Rajasthan, Madhya Pradesh, Andhra Pradesh and Maharashtra.

The company said it is keenly evaluating major opportunities arising in the space especially wind business, which could further propel its growth of the business.

"This milestone of 500 MW represents capacities which are installed and operating with fuel sourcing arrangements and power off take contracts in place," S Venkatachalam, Managing Director OGPL, said.

He added, "In addition to our existing capacity, we are close to commissioning another 40 MW of capacity under our wind and biomass verticals which will help us to further consolidate our position as a leading player in the renewable energy business."

Source

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