Latest news with #ISTS
Time of India
16 hours ago
- Business
- Time of India
ACME Solar inks pact to supply 250 MW electricity from RE project in Rajasthan
New Delhi: ACME Solar Holdings on Friday said it has inked a pact with state-owned NHPC to supply 250 MW of electricity from a renewable energy project in Rajasthan. The power purchase agreement (PPA) has been signed at a tariff of Rs 4.56 per kWh for a minimum annual Capacity Utilization Factor (CUF) of 40 per cent and to meet 90 per cent of peak power requirement of 4 hours daily, according to a company statement. ACME Solar Holdings Ltd (ACME Solar) signed a 25-year PPA with NHPC Limited, a AAA-rated central government enterprise, for its 250 MW Firm and Dispatchable Renewable Energy (FDRE) project in Rajasthan, the company said. This PPA marks a significant step in strengthening ACME Solar's footprint in the FDRE space while supporting India's clean energy ambitions through an innovative mix of solar, wind, and battery storage technology. The project will be connected to an ISTS (Inter-State Transmission System) substation for which connectivity is already in place. The requisite approval under section 63 of the Electricity Act 2003 for adoption of tariff has been issued by CERC (Central Electricity Regulatory Commission) on June 19, 2025, the company said. With this, the company's PPA-signed portfolio stands at 5,130 MW, of which 2,826.2 MW is already operational, and the balance is under various stages of implementation. ACME Solar's overall portfolio comprises 86 per cent offtake with central government enterprises and the remaining 14 per cent with State discoms. The company is an integrated renewable energy player with a diversified portfolio of 6,970 MW spanning solar, wind, FDRE and hybrid solutions. PTI
Time of India
a day ago
- Business
- Time of India
ACME Solar inks pact to supply 250 MW electricity from RE project in Rajasthan
New Delhi: ACME Solar Holdings on Friday said it has inked a pact with state-owned NHPC to supply 250 MW of electricity from a renewable energy project in Rajasthan. The power purchase agreement (PPA) has been signed at a tariff of Rs 4.56 per kWh for a minimum annual Capacity Utilization Factor (CUF) of 40 per cent and to meet 90 per cent of peak power requirement of 4 hours daily, according to a company statement. ACME Solar Holdings Ltd (ACME Solar) signed a 25-year PPA with NHPC Limited, a AAA-rated central government enterprise, for its 250 MW Firm and Dispatchable Renewable Energy (FDRE) project in Rajasthan, the company said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How Older People Are Losing Weight (This Has Gone Viral) NEWSCASA Undo This PPA marks a significant step in strengthening ACME Solar's footprint in the FDRE space while supporting India's clean energy ambitions through an innovative mix of solar, wind, and battery storage technology. The project will be connected to an ISTS (Inter-State Transmission System) substation for which connectivity is already in place. Live Events The requisite approval under section 63 of the Electricity Act 2003 for adoption of tariff has been issued by CERC ( Central Electricity Regulatory Commission ) on June 19, 2025, the company said. With this, the company's PPA-signed portfolio stands at 5,130 MW, of which 2,826.2 MW is already operational, and the balance is under various stages of implementation. ACME Solar's overall portfolio comprises 86 per cent offtake with central government enterprises and the remaining 14 per cent with State discoms. The company is an integrated renewable energy player with a diversified portfolio of 6,970 MW spanning solar, wind, FDRE and hybrid solutions.
Mint
a day ago
- Business
- Mint
ACME Solar inks pact with NHPC to supply 250 MW electricity to RE project in Rajasthan
ACME Solar Holdings on Friday said it has inked a pact with state-owned NHPC to supply 250 MW of electricity from a renewable energy project in Rajasthan. The power purchase agreement (PPA) has been signed at a tariff of ₹ 4.56 per kWh for a minimum annual Capacity Utilization Factor (CUF) of 40 per cent and to meet 90 per cent of peak power requirement of 4 hours daily, according to a company statement. ACME Solar Holdings Ltd (ACME Solar) signed a 25-year PPA with NHPC Limited, a AAA-rated central government enterprise, for its 250 MW Firm and Dispatchable Renewable Energy (FDRE) project in Rajasthan, the company said. This PPA marks a significant step in strengthening ACME Solar's footprint in the FDRE space while supporting India's clean energy ambitions through an innovative mix of solar, wind, and battery storage technology. The project will be connected to an ISTS (Inter-State Transmission System) substation for which connectivity is already in place. The requisite approval under section 63 of the Electricity Act 2003 for adoption of tariff has been issued by CERC (Central Electricity Regulatory Commission) on June 19, 2025, the company said. With this, the company's PPA-signed portfolio stands at 5,130 MW, of which 2,826.2 MW is already operational, and the balance is under various stages of implementation. ACME Solar's overall portfolio comprises 86 per cent offtake with central government enterprises and the remaining 14 per cent with State discoms. The company is an integrated renewable energy player with a diversified portfolio of 6,970 MW spanning solar, wind, FDRE and hybrid solutions.
Hans India
13-06-2025
- Business
- Hans India
Renewable energy generation in India jumps to 17 pc in May: HSBC report
New Delhi: The decline in power demand, together with continued renewable capacity additions the last year, caused the share of renewable energy generation in India jump to 17 per cent in May and to 19 per cent in first 10 days of June — compared to 13 per cent/14 per cent in May/June last year, respectively, an HSBC report showed on Friday. Large base and excess rainfall cause decline in power demand. Power demand/peak demand declined 4 per cent/7 per cent in May and declined 1 per cent/1 per cent in the first 10 days of June, respectively. This was the result of significantly above average rain levels in May. Owing to the must-run status of renewables, thermal plants had to back down reducing the plant load factor (PLF) to 65 per cent in May (versus 72 per cent last year). 'Accordingly, coal stocks at power plants reached a significant 61m tonnes (21 days of demand versus 17 days at the same time last year). This also resulted in power prices during solar hours dropping to zero on 25 May. Power deficits, accordingly, remained negligible through the month,' the report mentioned. Government is backing storage. To solve the intermittency issue of renewable energy, batteries are critical to control curtailment, improve renewable energy offtake, and improve efficient use of existing coal plants. The government announced a slew of measures, doubling down on battery storage: announcing a Rs 54 billion of additional viability gap funding (VGF) for 30 GWh of battery storage. This amounts to $21 per kwh of government incentives for putting up new battery storage systems. Out of the 30GWh, 25GWh of storage capacity will be allocated to states and 5GWh to NTPC. This is in addition to the Rs 37 billion of existing VGF under which the existing 13GWh of storage is under implementation. 'Further, the government also extended the waiver of Inter-State Transmission (ISTS) charges for pumped storage plants (PSP) (construction awarded before June 2028) and co-located battery storage (BESS) for projects (commissioned before June 2028). This will help accelerate the take-up of battery tenders - nearly 10GWh of BESS tender capacity has been awarded since March 2024,' according to the HSBC note.
Time of India
13-06-2025
- Business
- Time of India
Renewable energy generation in India jumps to 17% in May: HSBC report
New Delhi: The decline in power demand, together with continued renewable capacity additions the last year, caused the share of renewable energy generation in India jump to 17 per cent in May and to 19 per cent in first 10 days of June - compared to 13 per cent/14 per cent in May/June last year, respectively, an HSBC report showed on Friday. Large base and excess rainfall cause decline in power demand. Power demand/peak demand declined 4 per cent/7 per cent in May and declined 1 per cent/1 per cent in the first 10 days of June, respectively. This was the result of significantly above average rain levels in May. Owing to the must-run status of renewables, thermal plants had to back down reducing the plant load factor (PLF) to 65 per cent in May (versus 72 per cent last year). "Accordingly, coal stocks at power plants reached a significant 61m tonnes (21 days of demand versus 17 days at the same time last year). This also resulted in power prices during solar hours dropping to zero on 25 May. Power deficits, accordingly, remained negligible through the month," the report mentioned. Government is backing storage. To solve the intermittency issue of renewable energy, batteries are critical to control curtailment, improve renewable energy offtake, and improve efficient use of existing coal plants. The government announced a slew of measures, doubling down on battery storage: announcing a ₹54 billion of additional viability gap funding (VGF) for 30 GWh of battery storage. This amounts to $21 per kwh of government incentives for putting up new battery storage systems. Out of the 30GWh, 25GWh of storage capacity will be allocated to states and 5GWh to NTPC. This is in addition to the ₹37 billion of existing VGF under which the existing 13GWh of storage is under implementation. "Further, the government also extended the waiver of Inter-State Transmission (ISTS) charges for pumped storage plants (PSP) (construction awarded before June 2028) and co-located battery storage (BESS) for projects (commissioned before June 2028). This will help accelerate the take-up of battery tenders - nearly 10GWh of BESS tender capacity has been awarded since March 2024," according to the HSBC note.
