APT Translations

RUVNL invited proposals for setting up STU-connected Solar PV projects across Rajasthan in April 2023. Jakson Green emerged victorious through a competitive bidding process, securing the 100 MW project at a tariff of ₹2.61/unit.

In the past 12-16 months, a lot of new bids have come up on the utility side that have to do with integration of solar, wind, and battery storage.

The Minister for New and Renewable Energy has since said that the central government will provide a 60% subsidy for the rooftop solar installations under the Scheme.

Currently at 1.3 MWh (2021-2022) and well below the global average, India’s primary energy demand could surge to 1150–1600 Mtoe by 2040, a 30–60% jump from 2019 levels, with electricity demand potentially doubling or more.

Further, he said in future, all investments are expected to flow into the renewable sector, and countries will be able to attract capital once they go green.

McKinsey estimates that infrastructure assets in emission-heavy industries such as power, transportation, and buildings, account for almost half the capex required to meet net-zero targets.

The Vineyard Wind project is located 15 miles (24 kilometers) off Martha's Vineyard and is projected to generate electricity for more than 400,000 Massachusetts homes and businesses when it is fully operational.

The project is under a special purpose vehicle named Clean Max BIAL Renewable Energy Private Ltd

Large-scale solar installations fell 51 per cent Y-o-Y due to project extensions

The IREDA CMD articulated the agency's proactive stance in enhancing the bankability of rooftop solar projects. during his address on "PM Surya Ghar Muft Bijli Yojana”, announced by the Prime Minister Narendra Modi on February 13, 2024.