India is readying massive power grid for major renewable energy expansion

India is setting up “green energy corridors” to cover the length and breadth of the country in two phases. “The Green Energy Corridor Project aims at synchronizing electricity produced from renewable sources, such as solar and wind, with conventional power stations in the grid,” India’s Ministry of New and Renewable Energy says on its website. One phase […]

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NTPC Renewable Energy signs Power Purchase Agreements for 325 MW solar projects

State-run power giant NTPC  said its arm NTPC Renewable Energy has inked power purchase agreement and other project agreements with Indian Railways, Madhya Pradesh Power Management Company and Rewa Ultra Mega Solar. “NTPC Renewable Energy Ltd, a wholly-owned subsidiary of NTPC Ltd, India’s largest integrated energy company has signed a PPA (power purchase agreement) and other project agreements […]

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SJVN signs pact with PTC India to develop renewable energy products

SJVN, a state-owned power producer has signed a memorandum of understanding with PTC India to develop products for supplying round-the-clock renewable energy.  The MOU was signed by SJVN Director (Finance) Akhileshwar Singh and PTC India Director (Marketing) Rajib Kumar Mishra in the presence of SJVN Chief General Manager Rajesh Kumar Gupta, according to a statement […]

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Despite concerns, India’s renewable energy sector’s outlook remains stable: ICRA

Payment delays to renewable energy (RE) developers besides slow progress in the signing of power purchase and sale agreements by procurers are among the key challenges constraining the growth of the sector, according to a recent report by ICRA. Senior Vice President and Co-Group Head, ICRA Ratings’ Girishkumar Kadam, said, the investment prospects in the […]

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