Daily News Summary: CERC adopts tariffs for solar, wind and hybrid projects

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Here are some of the day’s notable cleantech announcements from around the world:

The Central Electricity Regulatory Commission (CERC) has adopted tariffs for 450 MW of grid-connected solar power projects selected through a bidding process at the auction organized by Rewa Ultra Mega Solar (RUMSL). NTPC Renewable Energy and Talettutayi Solar Projects Nine (SolarArise) won these projects in the July 9, 2021 auction. 220MW and ₹2.339 (~$0.0314)/kWh for 125MW were approved. The projects will be developed at Shajapur Solar Park in Madhya Pradesh.

O2 Power, a renewable energy producer in India, and Powin, a design, manufacturing and integration company for battery energy storage solutions, have sign a memorandum of understanding (MoU) to provide customized and competitive battery storage solutions for the Indian renewable energy market. As part of the agreement, Powin will provide O2 Power with its advanced Stacks product lines, including Centipede BESS hardware and StackOS software platforms. Powin will be responsible for the delivery and commissioning of battery energy storage systems, while O2 Power will provide comprehensive EPC services for project development.

Fiskera manufacturer of electric vehicles and a provider of advanced mobility solutions, has established its Indian headquarters in the southern city of Hyderabad in the state of Telangana. Fisker Vigyan India, the company’s operating unit in Telangana, will focus on software development and in-vehicle electronics, virtual vehicle development support functions, data analytics and machine learning. The Hyderabad office will work alongside Fisker’s engineering and product development facilities in California, USA.

Central Electricity Regulatory Commission (CERC) approved the adoption of a tariff of ₹2.90 (~$0.038)/kWh for 400 MW of 24-hour renewable energy. ReNew Power won these projects in an auction organized by the Solar Energy Corporation of India (SECI) in May 2020. To ensure round-the-clock supply of 400 MW of renewable energy, ReNew Power is developing 900 MW of wind energy and 400 MW of renewable energy. solar projects. He set a trading margin of ₹0.07 (~$0.0009)/kWh for SECI. However, if SECI fails to provide an escrow agreement or an irrevocable, unconditional and renewable letter of credit to the wind turbines, the trade margin will be limited to Rs. 0.02/kWh as specified in the Trade License Regulations.

Lhyfea green hydrogen production company, and Mitsui & Co.a Japanese trading and investment conglomerate, has entered into a memorandum of understanding (MoU) for a strategic alliance. This partnership comes with a 10 million euro (~$10.861 million) investment from Mitsui in Lhyfe and aims to collaborate to further grow Lhyfe’s renewable green hydrogen business, including the international expansion. Mitsui is the first international player to invest in Lhyfe.

Central Electricity Regulatory Commission (CERC) adopted tariffs for 1,200 MW of wind projects (Tranche-X) connected to the interstate transmission network and selected through a competitive bidding process. Adani Renewable Energy, Ayana Renewable Power, Evergreen Power and JSW Future Energy had 1.2 GW of wind power projects at SECI’s auction held in March 2021. A tariff of ₹2.77 (~$0.0382 )/kWh was approved for 300MW and ₹2.78 (~$0.0383)/kWh for 900MW wind projects.


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