Vineet Mittal

The Gujarat Electricity Regulatory Commission (GERC) is actively aligning Gujarat's renewable energy targets with the national goals. Earlier, they set rules for solar net metering and mandated wind developers to share carbon credit benefits. And now, GERC has proposed new draft regulations for renewable energy procurement, outlining: - Renewable Power Purchase Obligation (RPPO) Targets - Energy Storage Obligation - Criteria for Obligated Entities - Compliance Requirements  Let’s get into the details. Here's what you should know: ➤ Renewable power purchase obligation (RPPO) Targets: RPPO targets will gradually increase each year from 2024-25 to 2029-30, encouraging firms to use more renewable energy on an annual basis. For example, in 2024-25, businesses need to get 29.91% of their energy from renewable sources, and by 2029-30, this target will increase to 43.33%. These targets are also divided into several categories, requiring businesses to use a balanced mix of renewable sources, rather than depending solely on one. ➤ Energy Storage Obligation: The Energy Storage Obligation mandates businesses to store a specific amount of their power usage as renewable energy. This proportion is calculated based on their total electricity consumption. In the year 2024-25, businesses must store 1% of their total electricity consumption as renewable energy. For instance, if a business consumes 1,000 units of electricity, it needs to store 10 units. Over time this requirement will gradually increase to 3.5% by 2029-30. However, it's important to note that to be fully compliant the Energy Storage is met only if 85% of the stored energy comes from renewable sources. ➤ Criteria for Obligated Entities: The draft regulations explicitly specify the criteria for entities required to meet the RPPO, which include: - Designated consumers under the Energy Conservation Act, 2001 - Open access consumers - Captive power plant owners with installed capacity above 100 KW using conventional technology - Distribution licensees. ➤ Compliance Requirements: Obligated entities can meet their RPPO criteria in many ways, including: - Direct purchase of renewable energy - Generating renewable energy from their own sources - Purchasing renewable energy certificates - Banking arrangements with renewable energy generators ➤ Consequences of default: If a business fails to reach its targets, penalties have been imposed, with fines of Rs. 3.72 per kWh for any unfulfilled RPPO duties. ➤ If there's a shortfall or surplus in one category, businesses can offset it with another. ➤ The Gujarat Energy Development Agency will set up an online portal where businesses must register, monitor, and report on their RPPO progress. ------------------- With Gujarat's continued efforts in renewable energy, these new regulations are expected to increase the market, opening up new potential for developers, manufacturers, and service providers. Read more 👇

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#EXCLUSIVE | "Solar energy prices have dropped from ₹10 per unit to ₹2.5 per unit, making it half the cost of coal-based power" Listen in to ReNEW's chairman and CEO, Sumant Sinha in conversation with ET NOW’s Anurag Shah on India's renewable energy targets Sumant Sinha ReNew Anurag Shah Times Network

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Oriano Clean Energy Pvt Ltd continues to drive India’s renewable energy progress with the addition of a 184 MWp solar project in Agar, Malwa, Madhya Pradesh. This strategic contract, part of Blueleaf Energy’s Pachora Hybrid Power initiative, elevates Oriano’s total solar portfolio to 1.5 GWp, having already commissioned over 1 GWp. Last year alone, Oriano delivered more than 500 MWp of solar projects and is on track to commission over 1 GWp by year-end. With a skilled team of 300 professionals, Oriano is known for handling large-scale solar EPC projects across states like Madhya Pradesh, Chhattisgarh, and Maharashtra. Rahul Asolkar, COO of Oriano Clean Energy, expressed excitement about this new venture, reinforcing the company’s commitment to providing high-quality engineering solutions. Their clientele includes industry leaders like ArcelorMittal, Hira Group, and Aditya Birla Group, underscoring Oriano’s impact in the renewable energy sector. #renewableenergy #solarenergy #sustainability #cleanenergy #india #progress #solarpowerplant #solarpower #energyindependence

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Coal India Limited (CIL) is expanding its renewable energy portfolio, targeting 5 GW of #solarpower capacity as part of a broader goal to reach 10 GW. The initial plan includes generating 1.5 GW from solar panels at their mining sites, with the remaining 3.5 GW developed in collaboration with state governments in Rajasthan, Gujarat, Maharashtra, and Karnataka. In addition to solar, CIL is investing in pump storage projects to balance energy supply and demand efficiently. The company is also diversifying into critical minerals, having won a graphite mining auction in Madhya Pradesh. It is now exploring opportunities in lithium, nickel, and other key minerals, both in India and globally. By positioning itself as a leader in renewables and critical minerals, CIL is taking significant steps towards reducing its reliance on coal and contributing to the global clean energy transition. #renewableenergy #solarpower #coalindia #criticalminerals #cleanenergy #sustainability #batterystorage #batteries #minerals

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Indian renewable energy company Serentica Renewables has announced a ₹50,000 crore #investment to develop 10 GW of #renewableenergy capacity in Rajasthan. Read more https://lnkd.in/geqq-Tac Akshay Hiranandani Vedanta Group Stay up to date with the renewable energy industry by following Saur Energy WhatsApp channel https://lnkd.in/gfh6ePhw

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These four reports — World Solar Market Report, World Investment Report, World Technology Report, and Green Hydrogen Readiness Assessment for African Countries — may give the RE sector stakeholders a god insight into what the future looks like for #solar …

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Renewable energy projects facing up to 12-month delay in signing of PPAs https://lnkd.in/g69aAY7i #power #renewables #regulators #contracts a major area of concern as per expert opinions/ views!

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ReNew has signed five PPAs involving 2.2 GW of renewable energy capacity in India. “We are thrilled to announce the signing of these significant PPAs,” said Sumant Sinha, Founder, Chairman and CEO, ReNew. “This achievement reflects our unwavering commitment to India’s renewable energy goals and strengthens our position as a leading green energy provider. These agreements, with a strong counterparty profile, will not only contribute to a cleaner future but also deliver long-term financial benefits for ReNew and its shareholders.” ReNew signed three solar PPAs totaling 800 MW with NTPC Limited, Damodar Valley Corporation (DVC), and Solar Energy Corporation of India Limited (SECI) at a weighted average tariff of INR 2.59 per kWh. ReNew also penned a c.1 GW Firm and Dispatchable Renewable Energy (FDRE) PPA was signed with SJVN LIMITED, at a tariff of INR 4.39 per kWh, in addition to a 438 MW PPA with a large multinational C&I customer. In addition to the PPAs, ReNew has received Letter of Awards for an additional c.5.8 GW of RE capacity. ReNew’s overall portfolio totals 15.6 GW of renewable energy capacity. ReNew’s latest PPAs will see 1.5 GW of solar and 688 MW of wind projects developed and commissioned over the next 24 months. ReNew’s operational capacity currently stands at approximately 9.5 GW. #cleanenergy

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Three new plants to offset 1.4M tonnes CO2, serving diverse industry leaders in clean energy transition. Learn more: https://lnkd.in/ddCN7Jsj #clean #energy #SunSource #solarprojects #healthcare #pharmaceuticals #news #business #foryoupage #Electrical #powerreview #renewableenergy #Solar #Manufacturing #Eprmagazine SunSource Energy - Santanu Guha

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#India's ambitious goal of attaining net-zero #carbon #emissions by 2070 is centred on the #expansion and integration of #RenewableEnergy sources, which is a key component of the country's commitment to the #sustainable development path

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Weekly India Updates: India Boosts Solar Parks Approval, Resolves Green Energy Dispute, SECI Seeks Trading Margin, Chhattisgarh Debuts Floating Solar Plant, And More India’s Renewable Energy Ministry Streamlines Approval Process for Solar Parks The Ministry of New & Renewable Energy has revised the policy for Solar Park development. Central Public Sector Undertakings and their Joint Ventures can now submit DPRs directly to SECI, IREDA, and MNRE without State Government Committee approval. State PSUs need departmental approval. Private developers still require State Government Committee approval. The change aims to accelerate solar park development. Chhattisgarh Debuts 15 MW Floating Solar Plant Led by SAIL to Propel Sustainable Energy Goals SAIL’s Bhilai Steel Plant is pioneering a 15 MW floating solar power project at Chhattisgarh’s Maroda-1 […] Read the full story here: https://lnkd.in/deBFusGG #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #india #recpdcl #seci #solarenergy #weeklynewsupdates

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Renewable Energy is one of my favourite sectors considering the futuristic growth 📈 and world level transition towards Green Energy ⚡ So Here's my latest research report on Waree Renewables Technologies Ltd which has India's Largest manufacturing capacity of 12 GW 🪫 The company has already generated 967.1% returns in a year and outperformed its sector by 843.77% in the past year. Click on the below link to read now 👇 https://lnkd.in/dHcfQGQ5 #smartinvestment #renewables #energy #renewablesector #solarsector #wareerenewables Waaree Group Smart Investment

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#REUpdate JMK Research & Analytics and Institute for Energy Economics and Financial Analysis (IEEFA) has released its new report "Achieving India’s Renewable Energy Target by 2030". This report outlines recommendations for implementation in the immediate and medium term, offering viable solutions to navigate the RE sector’s challenges and foster its growth. To read our full report, visit: https://lnkd.in/ggG6A-pZ #renewableenergy #solar #rooftopsolar #openaccess #energystorage #wind #recommendations #india #newreport

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#Bihar #Electricity Regulatory Commission has reduced the minimum limit for #GreenEnergy #OpenAccess from 1 MW to 100 kW under the Green Energy Open Access Regulations, 2024 https://lnkd.in/gGnkVUwS

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𝐖𝐞𝐥𝐜𝐨𝐦𝐞 𝐭𝐨 𝐈𝐧𝐝𝐢𝐚 𝐒𝐨𝐥𝐚𝐫 @100 𝐆𝐖 This is a series of posts that commemorate India's journey to achieving 100 GW of solar power installations. Hope you find the updates and insights interesting & useful Narasimhan Santhanam Director - Energy Alternatives India & CliDemy - the Climate Academy

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My India seminar series under the auspices of the India Smart Grid Forum (ISGF) continues with a focus on grid storage. Full transcript and slides & video: https://lnkd.in/g8-UwPVD Three things emerged. Recently I published a reaction to a reaction on battery swapping. It can work if the batteries can be hoisted by hand such as in 2- and 3-wheelers, and it can work on same vehicle, same service load, same location, big fleets such as cement trucks where $1.1 million automated swapping stations in depots can be supported. When supporting multiple classes or manufacturers of vehicles, it falls apart. Truck stops aren't going to see swapping, but will see battery buffering. Gogoro was trotted out, as it always as is, but it's a typical SPAC disaster, with a collapsed stock price, losing $70 million a year. Then there's NIO of course, which so far is apparently succeeding where Tesla failed years ago, but I suspect that's short-lived. More significantly, China's fleet operators are buying almost 50% of trucks with swap-capable configurations. Data on how many are swapping is unknown, but my expectation that only the ones that meet the conditions above are. The ISGF studied this years ago and convinced the government to require two- and three-wheelers to be sold without batteries. Now there are a bunch of non-standard swapping firms, with swapping stations in every village. It's imperfect, but the vehicles are much cheaper and firms have filled the void. That's a place where regulation enabled swapping and the spread of vehicles of the size it works for. Still, lots of plug-in vehicles in India as well. Another point of discussion was vehicle-to-grid. I'm bearish on V2G, for a bunch of reasons explained in my articles on the subject and indeed in the transcript of the seminar. The ISGF is debating this, with some senior members pro, and others saying that school bus fleets that have spiky, non-peak service days are one of the few suitable use cases. The ISGF is running an experiment on this, and as I always agree, I could be wrong. Finally, there's the question of pumped hydro. The ISGF a few years ago did a grid storage requirement study and said, at least then, that India should lean heavily on batteries for grid storage due to the constraints on pumped hydro. It's built a lot of battery storage on its grid, as has every other country now. But early grid storage requirements are for fast response and power, and end stage requirements don't require more fast response storage or significant power, but do require massive energy. I urged the ISGF to return to the subject to explore 2030 and later requirements as lead times on pumped hydro are long. As always, my humble thanks to Reji Kumar Pillai and Rish Ghatikar for inviting me to assist the great country of India in a small way. #india #climateaction #gridstorage #electricity

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