SJVN Green Energy Limited, a subsidiary of SJVN Limited, has invited online bids for the manufacture and supply of solar PV modules totaling 376.60 MW for GUVNL’s Solar Power Project (Phase-XIV). The bidding process comprises two stages: Techno-commercial Bid and Price Bid, with a reverse auction. The cost of the bid document is Rs. 5000.00 +18% GST, and bidders must provide Bid Security/Earnest Money Deposit based on the quoted module capacity. The PreBid meeting is scheduled for May 27, 2024, with the deadline for Stage-1 Bid submission set for June 11, 2024, followed by the opening of Stage-1 Bid on the same day.
Home Blog
BayWa r.e. expands solar footprint in Japan
BayWa r.e. has been actively involving in Japan’s corporate Power Purchase Agreement sector and renewable sector. It recently finalized a long-term PPA with Nippon Sheet Glass Co., Ltd. for a solar facility, ensuring the purchase of 90% of generated electricity over 25 years. The company also attained Commercial Operation Date for its 50 MW Kobe solar farm and secured project financing for its 8 MW Tsuno solar project with ORIX Bank. Besides solar, BayWa r.e. explores battery energy storage systems and wind energy projects. Notable past achievements include completing the 35 MW Isohara and 12 MW Izumi solar farms. Since 2015, BayWa r.e. has contributed over 500 MW to Japan’s renewable energy infrastructure.
Voltalia begins 126 MW Sarimay plant construction
Voltalia, an international renewable energy company, has begun constructing the 126 MW Sarimay Solar power plant in Uzbekistan, expected to be operational by late 2025. This project will prevent 116,000 tonnes of CO2 emissions annually. Additionally, Voltalia has signed agreements to add 50 MW/100 MWh of battery storage to the Sarimay complex. The project, funded by the EBRD and JICA, was secured through a 2022 IFC tender. Contracts for the battery storage unit will be signed in summer 2024, with construction commencing the same year. In November 2023, Voltalia also signed a framework agreement for the 500 MW Artimisya hybrid complex in the Bukhara region, which will combine solar, wind, and battery storage.
ACCIONA expands clean energy solutions in Philippines
ACCIONA, a leader in sustainable infrastructure and renewable energy, has expanded its presence in the Philippines by acquiring an 80% stake in Freya Renewables, a renewable development consulting firm. This move adds 880 MW to ACCIONA’s development portfolio. Additionally, ACCIONA Energía is constructing a 150 MW solar power plant in Daanbantayan, the Philippines’ first public-private partnership in solar energy. As the Philippine government aims for 35% renewable energy by 2030 and 50% by 2040, ACCIONA is collaborating with the Ayala Foundation and receives co-financing from AECID to provide clean energy to 600 households, with plans to impact over 1,500 rural households in Palawan by 2025. Acciona.org has been empowering underserved communities since 2021, addressing immediate energy needs sustainably.
ReNew and Societe Generale partner for global energy transition
ReNew, India’s leading renewable energy company, has signed a Memorandum of Understanding (MoU) with Societe Generale to support financing and development of its strategic energy transition projects both in India and globally. The MoU references up to USD 1 billion of support over the next three years, including debt financing and advisory solutions. Both parties will leverage their expertise to strengthen collaboration on utility-scale energy projects such as solar, wind, complex renewables, green hydrogen, energy storage, and solar module manufacturing. As of May 9, 2024, ReNew boasts a clean energy portfolio of approximately 15.6 GW, making it one of the largest globally.
Crux facilitates Schneider Electric’s tax credit purchase
Schneider Electric has partnered with Crux to secure Silfab Solar’s inaugural Section 45X Advanced Manufacturing Production Tax Credits, enhancing American solar manufacturing for both commercial and residential use. The Inflation Reduction Act introduced a transferable tax credit market, allowing clean energy developers like Silfab to trade credits for cash, driving private sector investments in energy infrastructure. Schneider Sustainability Business facilitated this collaboration, managing billions in annual corporate tax liabilities and advising on tax credit opportunities. Crux, a sustainable finance technology firm, played a vital role in connecting Silfab Solar and Schneider Electric, revolutionizing clean energy project financing in the US through its Transferable Tax Credit Market Intelligence Report, projecting significant market growth.
Correlate Energy announces shared project initiative
Correlate Energy Corp. and Energetic Capital have launched a pipeline initiative to deliver renewable energy to underserved communities. This partnership combines Energetic Capital’s financing expertise with Correlate Energy’s project development skills. They aim to access the EPA’s Greenhouse Gas Reduction Fund (GGRF) programs, including the $7 billion Solar for All grant and the $14 billion National Clean Investment Fund grant, which focus on low-income households and communities. These GGRF initiatives will save millions annually and establish clean financing institutions. Additionally, non-profit insurer GreenieRE will mitigate risks in decarbonization projects, enhancing the funds’ impact. Together, these efforts address energy disparities by providing cost-effective renewable energy to disadvantaged areas.
Verogy installs solar panels on Groton schools
The Town of Groton Board of Education has installed PV systems at Groton Middle School and Mystic River Magnet School, Connecticut, projected to save over $40,000 annually and $800,000 over the duration of the power purchase agreements (PPA). Facilitated by the Connecticut Green Bank’s Solar Municipal Assistance Program (MAP), Verogy installed 560 panels (230 kW) at Groton Middle School and 256 panels (100 kW) at Mystic River Magnet School. The Solar MAP provides technical and financial support for municipal solar projects, offering benefits without upfront costs, new debt, or maintenance expenses. Groton is one of several municipalities successfully implementing solar installations through this program.
CCE acquires 23.3 MW Solar Project in the Netherlands
CCE The Netherlands, a subsidiary of CCE Holding, has acquired the 23.3 MW Marknesse solar project in Flevoland. Construction is set to begin before summer, with completion expected by the end of 2024. With all necessary licenses secured, this project marks a significant milestone for CCE in the region and underscores the company’s commitment to Europe’s energy transition. The addition of the Marknesse project will increase CCE The Netherlands’ total operational capacity to 29.5 MW.
NRW’s 5.6 MW floating PV plant now operational
The largest floating PV plant in North Rhine-Westphalia, boasting an installed capacity of 5.6 MW, has been officially inaugurated at the Holemans gravel plant Ellerdonk in Wesel-Bislich. Implemented by a Rees-based company, Holemans GmbH, the floating PV system covers approximately 3.1 hectares, equivalent to nearly four football pitches. With over 10,000 modules mounted on 4,500 floats, the plant is expected to generate nearly five million kilowatt hours of renewable energy annually. This output can meet the needs of approximately 2,000 households, resulting in a reduction of 2,100 tonnes of CO2 emissions per year.