<keyword id="20357709" type="General" weightage="20" keywordseo="Tata-Power-Renewable-Energy" source="keywords">Tata Power Renewable Energy</keyword> Ltd (TPREL) has joined hands with state-owned <keyword id="22457046" type="General" weightage="20" keywordseo="NHPC-Renewable" source="keywords">NHPC Renewable</keyword> Energy Ltd (NHPC-REL) for installation of rooftop <keyword id="20297569" type="General" weightage="20" keywordseo="solar-projects" source="keywords">solar projects</keyword> on government buildings of central ministries, states, and union territories. "This collaboration represents a major step forward in our shared vision of a sustainable and <keyword id="19895435" type="General" weightage="20" keywordseo="green-energy" source="keywords">green energy</keyword> future. By leveraging our combined strengths, we are confident in achieving our goal of 100 per cent solarisation by 2025," Nanda said. A Memorandum of Understanding (MOU) in this regard was signed on July 17, 2024 between Deepesh Nanda, CEO &amp; MD of TPREL, and S P Rathour, CEO of NHPC-REL, TPREL said in a statement. "This initiative will not only help us meet our solarisation targets but also contribute significantly to reducing the carbon footprint of government buildings," NHPC CMD R P Goyal said. An arm of Tata Power, TPREL is a developer of renewable energy projects including solar, wind, hybrid, round-the-clock (RTC), peak, floating solar, and storage systems including battery storage. It owns, operates, and maintains these projects. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/webstories/samsung-galaxy-m35-5g-with-6000mah-battery-launched-in-india-starting-at-16999/slidelist/111806447.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/samsung-galaxy-m35-5g-with-6000mah-battery-launched-in-india-starting-at-16999/slidelist/111806447.cms" target="_blank">Samsung Galaxy M35 5G with 6,000mAh battery launched in India starting at ₹19,999</a><a href="https://www.businessinsider.in/tech/mobile/webstories/oneplus-nord-4-vs-realme-gt-6t-which-mid-range-phone-should-you-buy-under-35000/slidelist/111803604.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/oneplus-nord-4-vs-realme-gt-6t-which-mid-range-phone-should-you-buy-under-35000/slidelist/111803604.cms" target="_blank">OnePlus Nord 4 vs Realme GT 6T – which mid-range phone should you buy under ₹35,000?</a><a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-added-3-45-million-subscribers-in-may-2024-while-vi-lost-nearly-a-million/articleshow/111800758.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-added-3-45-million-subscribers-in-may-2024-while-vi-lost-nearly-a-million/articleshow/111800758.cms" target="_blank">Reliance Jio and Airtel added 3.45 million subscribers in May 2024, while Vi lost nearly a million</a>

Tata Power Renewable Energy, NHPC Renewable join hands for installation of rooftop solar projects

Integrated energy solutions provider <keyword id="19967264" type="General" weightage="20" keywordseo="apraava-energy" source="keywords">Apraava Energy</keyword> on Thursday said it has secured a 300 MW <keyword id="400441" type="General" weightage="20" keywordseo="solar-project" source="Orion">solar project</keyword> from state-owned power giant <keyword id="19903558" type="General" weightage="20" keywordseo="ntpc" source="keywords">NTPC</keyword>. The project will be set up in <keyword id="6355588" type="General" weightage="20" keywordseo="rajasthan" source="Orion">Rajasthan</keyword>, within a scheduled completion period of 24 months. It was secured through an e-reverse auction mechanism at a tariff of Rs 2.65 per kWh, a company statement said. <keyword id="20149601" type="General" weightage="20" keywordseo="apraava" source="keywords">Apraava</keyword> Energy has signed a Power Purchase Agreement (PPA) with NTPC Ltd for a 300 megawatt (MW) <keyword id="6357019" type="General" weightage="100" keywordseo="solar-energy" source="Orion">solar energy</keyword> project connected to the Interstate Transmission System (ISTS), according to the statement. This project further strengthens Apraava's presence in Rajasthan, following its maiden 250 MW greenfield solar project announced in January 2024, secured through NHPC. Apart from these two solar assets, Rajasthan also hosts Apraava's three existing wind projects with a combined capacity of 253.6 MW, along with three under-construction transmission projects. Rajiv Ranjan Mishra, Managing Director, Apraava Energy, said in the statement, "We are excited to add our largest solar project to date into our growing <keyword id="34553" type="General" weightage="20" keywordseo="renewable-energy" source="Orion">renewable energy</keyword> (RE) portfolio." The bid is part of the solar tender issued by NTPC for setting up 1,500 MW ISTS-connected Solar PV Power Projects anywhere in India. The PPA between NTPC and Apraava Energy is for a period of 25 years from the scheduled commencement of the supply date. As part of the agreement, Apraava Energy will be responsible for building, owning, and operating the project for the PPA tenure. The company's current operational portfolio of RE (solar and wind) stands at 1,420 MW, with projects spread across Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Tamil Nadu, Telangana, and Karnataka. In addition, Apraava has 900 MW of RE projects under construction.

Apraava Energy secures 300 MW solar project from NTPC

India is well on its way to reach its target of allocating 50 GW of annual renewable capacity towards achieving 500 GW of non-fossil fuel installed capacity by 2030, according to <keyword id="20256633" type="General" weightage="20" keywordseo="SP-Global-Commodity-Insights" source="keywords" meta.keywordsubtype="org" meta.entityname="S&amp;P Global Commodity Insights" meta.hostid="261" meta.entityid="S&amp;P Global Commodity Insights">S&amp;P Global Commodity Insights</keyword>. By June, the total renewable capacity in India reached 148 GW, with an impressive pipeline of 140 GW in various stages of development. <keyword id="3364857" type="General" weightage="20" keywordseo="Indias-renewable-energy-sector" source="Orion">India's renewable energy sector</keyword> witnessed growth in the first half of 2024, approximately 70 GW of tenders were announced, and 38 GW of capacity was awarded to successful bidders, with competitive tenders driving the expansion of renewables and energy storage projects. In the first quarter, a record 26 GW of renewable projects were awarded through competitive tenders. The second quarter saw a normalisation with about 7 GW of capacity awarded. The second quarter of 2024 saw more than 18 GW of new renewable capacity requested via competitive tenders, doubling the capacity requested in the same quarter the previous year. This growth indicates a robust demand for <keyword id="19895602" type="General" weightage="100" keywordseo="renewable-energy" source="keywords">renewable energy</keyword> in India. Federal agencies, including the <keyword id="19903557" type="General" weightage="20" keywordseo="solar-energy-corporation-of-india" source="keywords">Solar Energy Corporation of India</keyword> (SECI), NTPC Ltd., SJVN Ltd., and NHPC Ltd., dominated the capacity requests, accounting for about half of the total tendered capacity. These agencies awarded approximately three-fourths of the total 7 GW renewable projects during Q2, with the remaining capacity awarded by state-level agencies. By the end of the second quarter, about 60 GW of green energy tenders were available for bids. This includes 20 GW of new capacity requested during Q2 and 40 GW of capacity that remained open from previous quarters. Solar PV projects accounted for half of the available tenders, followed by 18 per cent for hybrid renewables (with or without storage) and about 9 per cent for onshore wind projects. Standalone energy storage tenders comprised around 6 per cent of the available capacity. The tendering process, typically taking up to six months to close, can experience delays due to various administrative and techno-commercial challenges. The renewables market remains highly competitive, with over 30 companies winning projects during Q2. The top five companies--Avaada Energy, JSW Energy Ltd., ReNew Energy Global PLC, Juniper Green Energy Pvt. Ltd., and Ampin Energy--secured over two-thirds of the awarded capacity. These major winners are primarily independent power producers and diversified utilities operating within India. Less than 5 per cent of the capacity awarded during Q2 was secured by international companies. The average solar tariff for projects awarded in Q2 was approximately USD 33/MWh, reflecting a 2 per cent quarter-on-quarter increase but a 6 per cent year-on-year decline. Hybrid wind-solar tariffs increased by about 13 per cent year-on-year, though they saw a 5 per cent quarter-on-quarter decline. Notably, the tariff for standalone energy storage fell by about 20 per cent to USD 4,500 quarter-on-quarter, indicating a significant reduction in costs. India is well-positioned to achieve its annual target of awarding 50 GW of renewable capacity in 2024. Historically, the country has awarded an average of 16 GW of renewable projects annually from 2020 to 2023. The scaling up of tendering activity reflects India's accelerated progress towards its <keyword id="22709600" type="General" weightage="20" keywordseo="energy-transition-goals" source="Orion">energy transition goals</keyword>, reinforcing its commitment to a sustainable and <keyword id="18904554" type="General" weightage="20" keywordseo="renewable-energy-future" source="Orion">renewable energy future</keyword>.

India well-positioned to achieve 500 GW of renewable energy by 2030 as it progresses towards energy transition goals

New Delhi, Mar 4 () State-owned hydropower giant NHPC on Wednesday said it has paid Rs 840.96 crore as an interim dividend to the Centre for the financial year 2019-20. NHPC had paid an interim dividend of Rs 526.53 crore to the Government of India for the financial year 2018-19, the company said in a statement. "NHPC paid an interim dividend of Rs 840.96 crore to the Government of India for the financial year 2019-20 on March 3, 2020," it said. The company added that the dividend payout bank advice was presented to Power and New &amp; Renewable Energy Minister R K Singh by NHPC CMD A K Singh on Wednesday, in the presence of Power Secretary Sanjiv Nandan Sahai and Power Joint Secretary (Hydro) Aniruddha Kumar. The firm's board of directors in its meeting held on February 7 had declared an interim dividend for the financial year 2019-20 at the rate of Rs 1.18 per equity share, which is 11.80 per cent of the face value. The company further said that currently, it has about 7 lakh shareholders. ABI HRS

NHPC pays to govt Rs 841 cr as interim dividend

New Delhi, Apr 3 () Central PSUs under the power ministry and the new and renewable energy ministry would contribute Rs 925 crore to the fight against COVID-19 pandemic, an official release said on Friday.The Central Public Sector Enterprises ( CPSEs) under the Ministry of Power and the Ministry of New &amp; Renewable Energy have decided to contribute Rs. 925 Crore to 'Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund' (PM CARES Fund)', a power ministry statement said."We feel honoured to share that the Public Sector Undertakings of the Ministry of Power &amp; MNRE have decided to contribute INR 925 Cr to the PM- CARES fund with INR 445Cr being deposited on 31st March and remaining in the first week of April," Union Minister of Power and New &amp; Renewable Energy R K Singh tweeted.The amount of Rs 925 crore includes a contribution of Rs 905 crore from PSUs under the Ministry of Power and contribution of Rs 20 crore from PSUs under MNRE."Covid-19, a highly contagious disease has spread to almost the entire world. In India too the pandemic is posing a severe health hazard, which requires the entire nation to stand together," Singh said. He complimented all those who are contributing wholeheartedly to the PM Cares Fund responding to the appeal of the Prime Minister Narendra Modi.Among the PSUs, NTPC will contribute Rs 250 crore followed by Power Finance Corporation and Power Grid at Rs 200 crore each.The REC will contribute Rs 150 crore while NHPC will provide Rs 50 crore. KKS MRMR

You Searched For "NHPC Renewable" and got 5 results

Tata Power Renewable Energy, NHPC Renewable join hands for installation of rooftop solar projects

PTI

Apraava Energy secures 300 MW solar project from NTPC

PTI

India well-positioned to achieve 500 GW of renewable energy by 2030 as it progresses towards energy transition goals

ANI

NHPC pays to govt Rs 841 cr as interim dividend

PTI

Power, renewable energy PSUs to contribute Rs 925 cr to PM CARES fund

PTI