World’s largest renewable energy park in Gujarat, EESL solar project, blockchain-enabled Trading of Solar Power and more

This week’s solar news wrap includes- World’s largest renewable energy park in Gujarat, EESL solar project, IEEFA, NTPC tender, blockchain-enabled Trading of Solar Power and more

  • Prime Minister Narendra Modi recently laid the foundation stone of the world’s largest renewable energy park in Gujarat’s Kutch. Spread over 72,600 hectares of waste land, the 30,000 megawatt capacity hybrid renewable energy park will be built along the Indo-Pak border at Khavda using both wind and solar energy
  • Cities in Uttar Pradesh having religious significance, including Ayodhya, Mathura, Varanasi, Prayagraj and Gorakhpur, is all set to go green by 2024 tapping solar power. Uttar Pradesh Energy Minister Shrikant Sharma has said that these cities would get around 670 MW solar energy from solar panels to be installed on rooftops of the houses.
  • The Energy Efficiency Services Limited and Maharashtra State Electricity Distribution Company Limited has commissioned a 7987 KWp solar-agro project at Devdaithan. As a part of the initiative, the DISCOM’s agri-feeders are being transformed into solar agri-feeders.
  • The Institute for Energy Economics and Financial Analysis (IEEFA) in its latest report said India needs to increase competition in the development of intra-state transmission infrastructure for a speedy deployment of renewable energy.
  • Prime Minister of Pakistan -Imran Khan said that 60 per cent of all energy produced in the country will be clean or renewable by 2030 while 30 per cent of all vehicles would be transferred to electricity as the country aims to limit its carbon emission.
  • Uttar Pradesh launched India and South Asia’s first blockchain-enabled Peer to Peer (P2P) Trading of Rooftop Solar Power on 17th December 2020. Uttar Pradesh Power Corporation, Madhyanchal Vidyut Vitran Nigam Limited and Uttar Pradesh New and Renewable Energy Development Agency hosted the first of its kind pilot project involving energy generated from solar rooftop systems installed on buildings in Lucknow.
  • Continuous decline in solar power tariffs since the start of the current financial year has been driven by a mix of structural and state-specific factors with the former likely to sustain over medium-term, India Ratings and Research said.
  • The Tamil Nadu Electricity Regulatory Commission has reportedly rejected the appeal by wind and solar energy developers to roll over the time-frame for adjusting excess power generation.
  • NTPC Vidyut Vyapar Nigam Limited has floated a tender for 30 megawatt of grid-connected rooftop, ground-mounted, and elevated structure solar photovoltaic projects in the state of Madhya Pradesh. The last date for submitting the bids is January 7, 2021.
  • NTPC is reportedly in talks with the government’s strategic investment fund NIIF to set up an infrastructure investment trust as a joint venture. The move will help the company to unlock the value of its renewable energy projects report Financial Express.

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