Latest news with #RenewablePurchaseObligations
The Hindu
3 days ago
- Business
- The Hindu
APDCL enters into agreement with NARL, joint venture of NLCIL's subsidiary for development of 500 MW solar power plant in Assam
In a move aimed at accelerating renewable energy development in the Northeast, NIRL Assam Renewables Limited (NARL), a joint venture between NLC India Renewables Limited (NIRL) and Assam Power Distribution Company Limited (APDCL) have signed a Deed of Agreement for development of a 500 MW solar power plant in Assam. According to an official release, the agreement was signed in the presence of Union Minister for Coal and Mines G. Kishan Reddy, Assam Chief Minister S.C. Dubey, Union Minister of State for Coal and Mines Kaushik Rai and representatives from NLCIL and APDCL at the 2nd North-East Mining Ministers' conclave in Guwahati on Friday. As part of this agreement, the NARL and APDCL have committed to collaborate on the development of a 500 MW solar power generation plant at Lahorijan in Karbi Anglong district in Assam, as the first phase of implementation under a larger 1000 MW renewable energy development plant. Under the agreement, APDCL will hand over 8,000 bighas of land at Lahorijan to NARL for execution of the project. This initiative marks a major milestone in Assam's journey towards sustainable energy transition and supports India's broader commitment to achieving its renewable energy projects. According to Prasanna Kumar Motupalli, Chairman-cum-Managing Director of NLCIL, 'The agreement signed between NARL and APDCL reflects NLCIL's commitment to the energy needs of Assam and the Northeastern States. Through this collaborative venture, NLCIL aims to build large-scale green infrastructure, contribute to the region's energy security, and support the Government of India's vision for a Viksit Bharat by 2047.' 'The 500 MW solar power project is not just a power plant; it is a step towards inclusive growth, sustainability, and empowering communities through clean energy,' he added NARL, the implementing JV company, will anchor the execution of this solar project and future renewable initiatives in the region, including pumped storage and Battery Energy Storage Systems (BESS), contributing to Assam's Renewable Purchase Obligations (RPO) and long-term energy resilience.
Time of India
25-06-2025
- Business
- Time of India
Power sector needs ₹42 lakh crore by 2032; Centre flags tariff reforms, transmission gaps at regional meet
New Delhi: India's peak power demand is expected to reach 270 GW by the end of 2025, up from 250 GW recorded in May and 242 GW so far this year, Union Power Minister Manohar Lal said at the Regional Conference for Eastern Region States and Union Territories held in Patna. The Minister said the national grid had transformed into a unified network under the ' One Nation-One Grid ' vision, adding that coordinated planning between the Centre and states was key to ensuring uninterrupted power supply in the coming decade. The country's peak power demand is projected to rise to 446 GW by FY2034–35, he noted. 'The power sector needs an estimated investment of ₹42 lakh crore by 2032. This requires states to ensure resource adequacy, tie up generation capacity, and adopt balanced energy portfolios that include nuclear, renewable and conventional sources,' he said. The meeting was attended by Minister of State for Power and Renewable Energy Shripad Yesso Naik, Odisha Deputy Chief Minister Kanak Vardhan Singh Deo, Bihar Energy Minister Bijendra Prasad Yadav, Jharkhand's Urban Development Minister Sudivya Kumar, and top officials from the Ministry of Power, along with CMDs of key central and state-owned power firms. Manohar Lal said each state should plan for at least one nuclear power plant and expedite approvals to strengthen intra-state transmission. He said ₹1.5 lakh crore in 50-year interest-free loans had been allocated under the 2025–26 Union Budget for capital expenditures by states, including transmission upgrades. 'The share of renewables in India's total power generation has risen from 32% in 2014 to 49% in April 2025. States must promote renewable energy with storage systems and enforce Renewable Purchase Obligations,' the Minister said, adding that India targets 100 GW of nuclear energy capacity by 2047. He urged states to resolve RoW (Right of Way) issues in intra-state transmission, explore diverse funding sources including listing of utilities and tapping multilateral institutions, and adopt power islanding schemes to safeguard against cyberattacks. The Minister said smart metering was key to improving discom efficiency and reducing payment delays. 'States should ensure prepaid smart meters in all government buildings and colonies by August 2025, and for commercial and industrial users by November 2025,' he said. Shripad Yesso Naik asked states to complete PM-KUSUM projects by December 2025 and expedite the PM Surya Ghar Muft Bijli Yojana. Power Secretary Pankaj Agarwal urged states to finalise generation capacity tie-ups aligned with their resource adequacy plans through mechanisms such as TBCB and RTM. He also emphasised the need for grid security protocols and cyber resilience in distribution and transmission networks. States were advised to engage with regulatory commissions to ensure timely tariff orders and bridge the gap between Average Cost of Supply (ACS) and Average Revenue Realisation (ARR) to improve financial viability of power utilities.
Yahoo
09-06-2025
- Business
- Yahoo
India Wind Power Industry Report 2025: $13.71 Bn Market Trends, Competition, Forecast & Opportunities, 2021-2031
India's wind power market offers major opportunities driven by supportive government policies, growing offshore wind developments, and technological advancements. Key impediments include challenges with grid integration and outdated infrastructure, which investment in new infrastructure can mitigate. Indian Wind Power Market Dublin, June 09, 2025 (GLOBE NEWSWIRE) -- The "India Wind Power Market, By Region, Competition, Forecast & Opportunities, 2021-2031F" has been added to offering. The India Wind Power Market was valued at USD 9.11 Billion in 2025 and is expected to reach USD 13.71 Billion by 2031, rising at a CAGR of 6.89% Wind power is a renewable energy source that converts wind's kinetic energy into electricity using turbines. These turbines, featuring large blades, rotate with wind flow, driving a generator to produce power. As a clean and inexhaustible energy form, wind power is gaining attention as a viable alternative to fossil fuels. It generates electricity without emitting greenhouse gases, supporting efforts to reduce environmental pollution and combat climate change. Onshore and offshore wind farms are both utilized, with offshore installations offering the advantage of stronger and steadier winds. Ongoing technological advancements have enhanced efficiency and reduced costs, making wind energy a crucial component of India's renewable energy strategy. Although its intermittent nature poses challenges, integrating wind with storage and other energy sources ensures stability and reliability in the power supply. Government Policies and Supportive Regulatory Framework India's wind power sector is significantly driven by proactive government initiatives and a favorable regulatory environment. The government has introduced ambitious renewable energy targets, with wind power as a core component. Financial incentives such as accelerated depreciation, viability gap funding, and tax benefits reduce initial investment burdens and enhance project viability. Renewable Purchase Obligations (RPOs) compel power distributors to procure a portion of energy from renewable sources, creating assured demand for wind energy. The Ministry of New and Renewable Energy (MNRE) supports wind project development through simplified land acquisition and regulatory clearances. State-level incentives further strengthen this framework by offering subsidies and streamlined processes. The National Wind-Solar Hybrid Policy promotes integrated use of land and grid infrastructure. Furthermore, the government's focus on enhancing grid connectivity and transmission infrastructure supports the integration of wind energy into the national energy mix. India targets 500 GW of renewable capacity by 2030, with wind power expected to contribute 140 GW. Grid Integration and Infrastructure Limitations A key challenge in India's wind power market is the integration of wind energy into the existing power grid, which is often strained by infrastructure limitations. Wind energy's dependency on fluctuating wind patterns makes consistent electricity supply a concern, complicating grid management. Many regions with high wind potential face outdated or inadequate transmission infrastructure, hindering efficient power evacuation and leading to curtailments. Such inefficiencies result in revenue loss for developers and lower renewable system performance. Additionally, wind projects are frequently located in remote regions lacking robust grid connectivity, requiring substantial investment and coordination to establish new infrastructure. Delays in expanding transmission networks can stall project implementation, affecting overall market growth and investor confidence. Growth of Offshore Wind Power Development India is witnessing a growing interest in offshore wind energy, marking a shift from its historical focus on onshore wind farms. Offshore wind offers advantages such as stronger and more reliable wind speeds, resulting in higher energy production. These projects face fewer land-related challenges and can be deployed without significant displacement concerns. The government has taken steps to support offshore wind through policy initiatives, feasibility assessments, and zone identification along coastal states like Gujarat, Tamil Nadu, and Andhra Pradesh. MNRE has facilitated pilot projects and international collaboration to build capacity and technical know-how. The interest of global offshore wind companies and investors is increasing, bringing advanced marine-compatible technologies and operational expertise, which is expected to accelerate the commercial rollout of offshore wind in India. Key Attributes: Report Attribute Details No. of Pages 85 Forecast Period 2025 - 2031 Estimated Market Value (USD) in 2025 $9.11 Billion Forecasted Market Value (USD) by 2031 $13.71 Billion Compound Annual Growth Rate 6.8% Regions Covered India Report Scope: Key Market Players Vestas Wind Systems A/S Siemens Gamesa Renewable Energy S.A. General Electric Company Goldwind Science & Technology Co., Ltd. Nordex SE Enercon GmbH Suzlon Energy Limited MingYang Smart Energy Group Co., Ltd. India Wind Power Market, By Application: Residential Commercial Industrial India Wind Power Market, By Installation: Onshore Offshore India Wind Power Market, By Turbine Capacity: 100 KW 100 KW to 500 KW 500 KW to 1 MW 1MW to 3 MW Less than 3 MW India Wind Power Market, By Region: South India North India West India East India For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Indian Wind Power Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
06-06-2025
- Business
- Time of India
Standalone solar plant subject to 2,735 compliance tasks, 83 clauses carry imprisonment: Report
New Delhi: A standalone solar energy producing plant in Maharashtra, with a corporate office in Haryana, must comply with 799 unique obligations, resulting in 2,735 total annual compliance tasks, according to a report released by TeamLease RegTech. Of the total obligations applicable to the corporate office, 83 carry imprisonment clauses, the report titled Decoding Compliance Management for Renewable Energy Sector stated. The report highlights that these obligations span central, state and municipal levels, and are distributed across seven categories of law and three tiers of legislation. "The corporate office must adhere to 514 compliances, of which 83 carry imprisonment clauses, often for procedural lapses," the report said. The compliance load is broken down into 646 obligations from central legislation, 151 from the state level, and two from municipal regulations. The manufacturing plant component alone requires 51 approvals, permissions and registrations, and must comply with 285 legal mandates. These obligations arise across categories including safety, employee welfare and statutory audits. The regulatory framework involves multiple agencies including the Central Electricity Regulatory Commission (CERC), State Electricity Regulatory Commissions (SERCs), and the Bureau of Energy Efficiency (BEE). Obligations include adherence to Renewable Purchase Obligations (RPOs), Energy Conservation Act, tariff policies, environmental clearances, and grid integration standards in accordance with Central Pollution Control Board (CPCB) norms. Compliance challenges identified in the report include fragmentation across jurisdictions, overlapping mandates from different authorities, inconsistent policy implementation, and delays in land acquisition and environmental clearances. The continued reliance on manual, paper-based compliance systems also increases the risk of non-compliance, it said. The 799 obligations are spread across categories such as labour (244), secretarial (238), industry-specific (106), finance and taxation (84), environment health and safety (EHS) (58), commercial (38), and general (31). In terms of frequency, these include 58 monthly, 94 quarterly, 45 half-yearly and 114 annual compliances. The remaining 88 are event-based or one-time obligations. "The regulatory landscape circumscribes various standards, authorities and compliance requirements," the report noted. It further explained that the complexity is increased by the concurrent jurisdiction of central and state governments in areas like labour and electricity. The report detailed that approvals required to establish and operate the plant cover stages such as setting up (10), pre-commissioning (7), post-commissioning (4), and ongoing operations (30), totalling 51 approvals. These are governed under at least 31 Acts and Rules. Imprisonment clauses linked to compliance requirements are most prevalent under labour laws, accounting for 77.1 per cent, followed by secretarial (12 per cent), finance and taxation (8.4 per cent), and EHS (2.4 per cent). In terms of legislative origin, 66.3 per cent of these clauses stem from central laws, while 33.7 per cent are from state laws. The report further highlighted that the compliance types include returns, registers and records, payments, certificates and licenses, notices and correspondence, inspections, safety and welfare, audit and accounts, and others. The company under consideration has 100 or fewer employees and employs more than 20 contract labourers in the factory. It uses diesel generators, fire extinguishers, and consumes batteries at both manufacturing and corporate locations. It also generates e-waste, battery waste, and solid waste, with operations based on zero liquid discharge. The report recommends that renewable energy companies adopt a centralised and automated compliance strategy to manage obligations more efficiently.
Hans India
21-04-2025
- Business
- Hans India
Evren, a joint venture development platform of Brookfield and Axis Energy, Signs 300 MW PPA with NTPC for Firm & Dispatchable Renewable Energy Project development in Andhra Pradesh
Evren, the joint venture renewable energy platform launched by Brookfield and Hyderabad-based Axis Energy Group, has signed a Power Purchase Agreement (PPA) with NTPC Limited, India's largest integrated power utility. This agreement, signed for a capacity of 300 MW, supports the development of close to 1 GW of renewable energy project including wind, solar and battery energy storage. The project will comprise of 500 MW of Wind, 330MW of Solar and Battery Energy Storage, ensuring Firm and Dispatchable Renewable Energy (FDRE) to meet peak demand reliably. The energy will be supplied at a tariff of ₹4.65/unit, with 0.7 paise/unit as trading commission for NTPC. The total investment for the project stands at USD 750 million and the project is being developed in the state of Andhra Pradesh. By leveraging hybrid and storage-based renewable technologies, this project will enable consistent, firm power supply, helping distribution companies to meet their peak hour demand for two hours in the morning and the evening peak respectively at the same time meeting the Renewable Purchase Obligations and manage grid stability effectively. Murali Surapaneni, Chief Executive Officer of Axis Energy said 'This agreement with NTPC is a proud moment for us. It reflects our continued commitment to delivering innovative clean energy projects that are scalable, sustainable, and aligned with the nation's vision for a green future. With Andhra Pradesh as a strategic base, we are excited to drive forward a project of this scale and complexity, and set new benchmarks in hybrid renewable energy deployment.' Evren currently holds a diversified portfolio of over 11 GW, including mid and late-stage wind and solar assets across India. This PPA marks a key milestone in the platform's commitment to accelerating India's energy transition through large-scale, integrated renewable solutions. This collaboration further strengthens Andhra Pradesh's emergence as a key destination for green energy investments and reaffirms Axis Energy's vision of enabling a sustainable and energy-secure future for the nation.
