POWWERGRID works on FEED studies for 13 GW RE projects in Ladakh
The Indian Renewable Energy Development Agency Ltd (IREDA) had sanctioned and disbursed loan of Rs.25,743.06 crore (provisional) and Rs.23,510.69 crore (provisional), respectively, during 1 Jan 2023 to 31 Dec 2023, Ministry of New and Renewable Energy (MNRE) said in its year end review on 3 Jan 2024.
RE capacity of about 13.5 GW was expected to be installed during calendar year 2023, corresponding to an investment of about Rs.74,000 crores.
India stands 4th globally in Renewable Energy Installed Capacity, 4th in Wind Power capacity and 5th in Solar Power capacity (as per International Renewable Energy Agency – Renewable capacity statistics 2023).
The Rs.19,744 crore National Green Hydrogen Mission is to make India the Global Hub for production, usage and export of Green Hydrogen and its derivatives.
A major financial measure under the Mission with an outlay of Rs.17,490 crore consists of two distinct financial incentive mechanisms to support domestic manufacturing of electrolysers and production of Green Hydrogen.
Request for Selection (RfS) has been issued for Selection of Green Hydrogen Producers for Setting up Production Facilities of 450,000 tons for Green Hydrogen in India under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme (Mode-1-Tranche-I).
Request for Selection (RfS) has been issued for the Selection of Electrolyser Manufacturers (EM) for Setting up 1.5 GW annual Electrolyser Manufacturing Capacities under SIGHT Scheme (Tranche-I).
MNRE said it plans to set up 13,000 MW RE along with 12000 MWh Battery Energy Storage System (BESS) in Ladakh.
On 18 Oct 2023, the Cabinet Committee on Economic Affairs approved construction of an Inter-State Transmission System for power evacuation and grid integration of the 13 GW RE projects in Ladakh and despatch of power from the U.T. of Ladakh to other parts of the country.
Currently, POWERGRID (the implementing agency for the project) is carrying out the Front-End Engineering Design (FEED) study. Following the report, expected by December 2024, bids for construction will be invited by POWERGRID.
The Government, under Rs.19,500 crore Tranche-II, have issued Letters of Award since April 2023 for setting up 39,600 MW of fully / partially integrated solar PV module manufacturing units.
Production has started in the thin film solar PV module manufacturing capacity set up by FS India Solar Ventures Private Limited at Sriperumbudur, Kanchipuram District, Tamil Nadu. Production of solar PV modules has started in manufacturing capacities set up by ReNew Photovoltaics Private Limited at Mahindra World City, Jaipur, Rajasthan; Grew Energy Private Limited at Dudu, Jaipur, Rajasthan; and TP Solar Limited at Gangaikondan, Tirunelveli, Tamil Nadu.
Initial assessment of offshore wind energy potential within the identified zones has been estimated to be about 70 GW off the coast of Gujarat and Tamil Nadu, MNRE said.
A revised Strategy for development of offshore wind energy projects has been issued since Sept 2023, indicating a bidding trajectory for installation of 37 GW capacity of Off-shore Wind Energy.
Further, Central Transmission Utility has completed the planning of required transmission infrastructure for offshore wind projects for initial 10 GW offshore capacity (5 GW each off Gujarat and Tamil Nadu coasts).
The “Offshore Wind Energy Lease Rules, 2023” to regulate the allocation of offshore wind sea blocks to developers were notified on 19 Dec 2023.
The Gujarat and Tamil Nadu State Governments have agreed for power offtake @ Rs.4.00 per unit from initial offshore wind energy projects from their respective coasts.
The capacity of the Solar Park Scheme was enhanced to 40,000 MW in March 2017 by 2025-26, double of when it was rolled out in Dec 2014.
As on 30 Nov 2023, Ministry has approved 50 solar parks with an aggregate capacity of around 37,490 MW in 12 States across the country.
In these approved parks, an aggregate capacity of 10,401 MW of solar projects has been commissioned, out of which 284 MW has been commissioned in the calendar year of 2023.
About 741 MW capacity has been installed under the grid connected rooftop solar programme during January to November 2023. An additional approximately 2.77 GW capacity has been installed in all sectors with or without Central Financial Assistance during this period, said MNRE.
Bids for 50 GW per annum RE capacity, with at least 10 GW per annum Wind power capacity, are to be issued each year from 2023-24 to 2027-28.
Bids of 35.51 GW have been issued by four REIAs (SECI, NTPC, NHPC & SJVN) in FY 2023-24 till 31 Dec 2023. Fiinews.com
