Adani’s RE capacity increases: Adani Green Energy Limited (AGEL) says its total operational renewable energy generation capacity has increased to 11.66 GW. This was a result of its step-down subsidiary Adani Renewable Energy Forty Eight Limited commissioning a 57.2 MW wind power component of its wind-solar hybrid project at Khavda in Gujarat on January 15, 2025. The total operational capacity comprises 67% solar, 15% wind and 18% hybrid projects. By 2030, it targets to achieve a 50 GW renewable energy portfolio with a share of 71% solar, 13% wind, 5% hybrid and 11% pumped storage projects, representing a compound annual growth rate (CAGR) of 32% over 9M FY25.Financing for Maharashtra solar park: Indian IPP Sunsure Energy has raised INR 416.35 crore in long-term debt financing from Aseem Infrastructure Finance for a 150 MW solar power plant. The company is executing the project in Maharashtra through multiple special-purpose vehicles. One of the phases is already operational. The entire project is expected to be completed by March 2025. It is contracted under long-term power purchase agreements (PPA) with Sandoz and Bharat Forge Ltd.MNRE guidelines for rooftop solar scheme: The Ministry of New and Renewable Energy (MNRE) has issued operational guidelines for the implementation of various components under the PM-Surya Ghar: Muft Bijli Yojana. It has notified scheme guidelines for the implementation of the payment security mechanism component and central financial assistance (CFA) component for RESCO models/utility led aggregation models. Under the renewable energy service company or RESCO model, 3rd parties invest in rooftop solar installations while the consumers pay only for the electricity consumed. Under the utility-led aggregation (ULA) model, discoms or state-designated entities will install rooftop solar projects on behalf of individual residential sector households. These are in addition to the existing mode of implementation undertaken by consumers under CapEx mode through the national portal. The ministry says these alternative models will supplement the national portal-based implementation of the scheme. Announced in February 2024, this scheme is targeted to help install 30 GW of rooftop PV capacity in the country (see India Eyeing 30 GW Rooftop Solar Capacity With New Scheme). J&K project for Hartek Group: India’s Hartek Group has announced landing the complete solar EPC contract for what it says is the largest solar power plant in Jammu & Kashmir (J&K). The 8 MW contract has been awarded by Kandhari Beverages Private Limited which is one of the largest bottling plants of Hindustan Coca-Cola. The million units a year generated by this project are expected to lower the factory’s energy expenses. This is Hartek’s 3rd solar project award from Kandhari Beverages amounting to 14 MW.
