June-End Marks India’s Renewable Energy Capacity at 114 GW

Aug 9

India’s renewable energy capacity (excluding large hydro) stood at 114.07 GW till June-end this year, while 60.66 GW of projects are under various stages of development, as reported to the Parliament. India has set a target of having 175 GW of renewable energy capacity, including 100 GW of solar and 60 GW of wind energy, by 2022

“Against the target of achieving 175 GW of Renewable Energy (excluding Large Hydro) installed capacity by 2022, a total of 114.07 GW renewable energy capacity (excluding large hydro) has been installed in the country as on June 30, 2022,” Minister of State for New and Renewable Energy Bhagwanth Khuba said in a written reply in the Rajya Sabha.

₹ 75,000 Cr to be Spent in 5 Years by Tata Power on Renewables

Tata Power Company Ltd. will spend ₹ 75,000 crore to expand capacity in its renewable business, the company said. “Tata Power is looking to scale its Generation capacity to over 30 GW by FY27 from current 13.5 GW with an increased clean energy portfolio from current levels of 34% to 60% by 2027 and 80% by 2030,” said N.Chandrasekaran, Chairman Tata Power at the company’s annual general meeting.

In its transmission and distribution business, the company plans to optimize the Odisha Discom operations, stabilise the new acquisition in the transmission business and deliver phenomenal customer service, enabled by digitalization, it said.

JSW Energy, Torrent, Sembcorp Join Race for Vector Green Assets

Leading domestic energy producers - JSW Energy, Torrent Power and Apraava Energy (formerly CLP India) and European major Sembcorp - have joined the race for acquiring 700 MW of wind and solar energy assets under Vector Green Energy, said multiple people aware of the development. The assets will be valued at ₹ 4,500-5,000 crore ($700 million), added sources.

Vector Green portfolio includes 19 ground-mounted utility scale projects located across 8 states as well as 89 rooftop solar projects on 216 roofs across 7 states in India. An additional 90 MW of solar projects are under implementation in Gujarat. Vector Green had expanded its portfolio in 2019 by acquiring about 225 MW solar generation capacity from RattanIndia.