January 3, 2022 Read More →

Azure plans largest single-place owned and operated India solar project

The Economic Times:

State-owned power giant NTPC arm NTPC Renewable Energy Ltd (NREL) will float a global engineering procurement and construction tender to set up a 3GW renewable energy project with a battery storage system worth around Rs 15,000 crore by February 2022, according to a senior official. “The NREL has decided to float a global tender or RFP (request for proposal) for a 3GW renewable energy project (like solar and wind) with battery energy storage system in the next two months (by February 2022). This entails an investment of about Rs 15,000 crore,” the senior official said.

A request for proposal (RFP) is a business document that announces a project, describes, and solicits bids from qualified contractors to complete it.

The development assumes significance given India’s ambitious target of having 175GW of renewable energy by 2022, including 100GW of solar and 60 GW of wind energy.

According to a Central Electricity Authority (CEA) report, as of November 30, 2022, India’s renewable energy capacity — excluding large hydro plants — is 104GW, including 49GW solar and 40GW of wind energy.

[Staff Report]

More: Azure Power commissions 600 MW solar project in Rajasthan

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