Seci

The discovered price Rs 55.75 per kg translates to approximately $641 per MT, a substantial drop from the previously discovered price of Rs 100.28 per kg ($1,153 per MT) in the H2Global auction in 2024.

A year on, India's maiden green ammonia tender remains a non-starter

State-owned Solar Energy Corporation of India has given a record 11th extension to its 724,000-tonne green ammonia tender, with the last date for submission of bids now set as July 10 (online) and July 14 (offline).

Govt sacks SECI CMD RP Gupta amid raft of controversies

Gupta was at the helm of SECI from June 2023 and his tenure was supposed to end next month. The sudden termination order came even as the government is yet to initiate the process of finding a replacement.

Stocks to Watch: PB Fintech, HCL Tech, Tata Power, GE Power in focus on 28 Feb

Naveen Kukreja is stepping down from his operational role at Paisabazaar and will take on a new role as Group President at PB Fintech, with Santosh Agarwal appointed CEO and Neeraj Tripathi as CFO, effective March 1. HCL Technologies has partnered with Children’s Minnesota to enhance operational efficiency and patient care through AI. Tata Power’s solar arm, TP Solar, secured a Rs 632 crore contract from SECI to supply 292.5 MWp DCR solar modules. Transrail Lighting won new orders worth Rs 2,752 crore, pushing its year-to-date order inflows to over Rs 7,400 crore. Meanwhile, GE Power India has received a Rs 273.5 crore contract from Greenko KA01 IREP for a 320 MW unit at Saundatti PSP, building on their previous deal. These developments are expected to drive focus in today's market.

JSW Energy shares crack 5% after CERC rejects proposed tariff for SECI project

CERC has cited that the tariff proposed by JSW Energy for the SECI project signed in January 2023 is much higher than what has been discovered in recent auctions.

Rise in green energy projects fuels surge in unsigned power purchase deals: Centre

For 2024-25, the discoms had to purchase 29.92 percent renewable power from its total power purchased to supply to end consumers. In 2025-26, this target is set at 33.01 percent

Reliance, L&T, ReNew, Waaree bid for second round of green hydrogen incentives

As per the government's guidelines, companies can bid twice for green hydrogen production in one mode, but the same cannot be applied for in two different modes.

Green in the red: India's woes of unsold renewable energy and the need for uniform tariff

A solution to the problem of unsold renewable power could be Uniform Renewable Energy Tariff (URET) which was cleared by the Centre in October 2023, but is yet to be implemented

All you need to know about SECI — the hitherto low-profile PSU suddenly in the limelight

SECI is also the nodal agency for the National Green Hydrogen Mission. It has awarded contracts for 412,000 metric tons of green hydrogen production capacity as well as a 1.5 GW electrolyser manufacturing capacity under the NGHM

JSW Energy inks pact with SECI for 700 MW solar project

The power purchase agreement (PPA) is signed for the supply of power for a period of 25 years with a tariff of Rs 2.56/kWh. The project is expected to be commissioned within 24 months, according to a company statement.

India's green ammonia drive hits the first speed bump

Producers are concerned about commercial viability due to the capex-intensive nature of the business, which results in low profitability. The government can somewhat address this by doubling the offtake period to 20 years.

SJVN gets competitive L1 tariff of Rs 3.43/kWh for 1,500 MW solar-wind hybrid project

Of the six bid winners, Juniper Green Energy Private Limited topped the list by securing 150 MW at the opening tariff rate of Rs 3.43 kWh.

2024: A year when all new power sector policies will spring into action

The New Year is set to see renewable energy growth, coal fired capacity addition, solar manufacturing expansion, and the commissioning of major hydropower projects.

Avaada Energy bags solar project from SECI

The bidding allows flexibility to Avaada Energy to set up the solar power project anywhere in India and supply green electricity in the long term at a tariff of Rs 2.61/kWh (kilowatt hour).

Exclusive | No more wind energy; NHPC will focus on solar power, says official

In addition, NHPC director (finance) RP Goyal said the Central government has asked the PSU to explore pumped storage projects with a total capacity of 22 GW. NHPC has also invited bids from select developers for 3 GW connected solar power projects across the country as part of the Centre's renewable energy bidding trajectory.

India's power system struggling to accommodate growing renewable energy capacity: IEEFA report

The seasonality of wind energy and concentration of wind power generation assets in six states leads to grid congestion in during the high seasons, the report said.

SECI invites bids for green hydrogen production and incentive scheme

The last date to submit the bids is September 7, 2023 and bids will be opened on September 12.

SECI invites bids for selection of electrolyser manufacturers for 1.5-GW capacity

Bidders will have to fulfil certain values of electrolyser performance such as specific energy consumption (SEC) and local value addition (LVA) for being eligible for the performance-linked incentive scheme.

Govt to include demand aggregation model in National Green Hydrogen Mission scheme

As the government aims to produce about 1.2 million metric tonnes (MMT) of green hydrogen annually initially, a section of industry stakeholders has been skeptical about mass production despite the incentives,

Faced with stiff targets, CPSEs look at importing solar equipment

The problem is that India's own manufacturing units for RE projects are scarce at the moment. While there is almost no set up in the manufacturing of parts for wind energy in India, manufacturing in the solar sector is picking up but slowly

Viability Gap Funding (VGF) of Rs 6,800 crore likely for offshore wind projects: Govt sources

In the 50 GW-per year trajectories set out for bidding of renewable energy (RE) projects, the government has also exclusively mentioned that bids of 10 GW have to be from wind energy every year.

MNRE's Ajay Yadav assumes additional charge as MD of SECI

The decision was made following the relinquishment of the post by Suman Sharma, effective from May 19, 2023.

Govt cracks down on delayed green power projects; extension only after merit review

Extension on the scheduled date of commissioning of solar or hybrid projects will be examined on a case-by-case basis. If found that adequate measures such as land acquisition or placing orders for modules have not been done as yet, then the entire project will be liable for cancellation, the MNRE stated.

PowerWatch | Renewables contribute 11% to meet India's current power demand; share of coal at 77%

As on April 26, the contribution of renewable energy sources (RES) such as solar, wind and biomass to meet the power demand was 11 percent, whereas, the share of coal-fired thermal power plants was 77 percent.

India sets ambitious yearly targets for central PSUs to reach 500GW green power capacity

The decision of the government to add 50 GW of RE capacity each year from hereon is significant as well as challenging because until now, the country has managed to add only a maximum of about 15 GW annually.