SustVest’s Post

India adds a record 18 GW renewable energy capacity in FY24. Gujarat and Rajasthan have the largest renewable energy capacities of about 27 GW each, followed by Tamil Nadu at about 22 GW, Karnataka at about 21 GW and Maharashtra at about 17 GW. https://lnkd.in/gAJ-kqBh

Lets today do so deep dive into Wind Energy To start with do you know currently we have around 46GW of capacity in India which account for 10% of Total Capacity in India & Solar account for 19% of Total Capacity Well you must have come across many a times that government have considerable focus on Renewable energy Right? Now by 2030 our Total capacity is expected to reach from 442 GW to 777GW and interesting is around 13% is expected from Wind i.e. around 101 GW from current 46GW & 38% is expected from Solar i.e. 295 GW from current 82GW Now obviously Wind Energy can’t be anywhere right? There need to be cost economics …wind speed right? So Major Windly States in our country are -Gujarat -Tamil Nadu -Rajasthan -Maharashtra Well now just think 🤔 Those Wind Turbine seen in movies or we used majorly for our photos What raw materials go into? Before getting into that lets understand the process of making which will automatically answer raw material question Keep imagining Wind Turbine you saw in movie or in your photo it will become much interesting and easy to understand 1)Designing and planning is done based on specific factors like wind speed,site condition & energy requirement 2)Tower Construction takes place which are usually of steel and are manufactured in sections and assembled on site 3)Foundation Installation Now Tower construction and above that many things so foundation need to be very strong…so a large concrete foundation is prepared for safety of tower 4)Nacelle Assembly Simple terms Navelle is a container type Now what for? Because at the top of the tower you have generator,gearbox etc they need to be kept open right..so they are covered with the help of Nacelle 5)Now Rotor and Blades which gives you the required look in your photo -They are typically made from Fibreglass and have to be lightweight and durable Wait Fibreglass? Use you tube you will find many videos..sorry if you thought i am going to explain that too… 6)Well you need to Assemble/Install..so many electrical components will be used like transformer..it’s testing and commissioning would be done & Finally 7)Operation and Maintenance of that regularly! So Key raw materials Steel/Fibreglass/Carbon Fibres/Aluminium/Plastic resin/Concrete etc But hey of the overall cost what’s the cost structure? Nacelle and Drivetrain 34-37% Hey …Nacelle you explain now what’s drivetrain? It has gearbox,the generator and other components that turbine needs to produce electricity and all that covered with Navelle Cool? So back to cost structure Tower 26-28% Rotors Blades 22-24% Foundation 7-10% Electrical infrastructure 9-14% Construction installation cost 10-15% Well i guess enough for today.. A bonus pointer Cost (₹ per kWh) In last 7-8 years now its almost same for Wind/Solar around 3.1 for Wind and 2.9 for Solar Interesting is in FY17 For Wind it was 5.8 and For Solar was 3.3… Lets stop now..😀 #Sharemarket #Equityresearch #CA #CFA #Students

Orb Energy Installs 800-kilowatt Rooftop Solar System at Esteem Industries in Maharashtra Orb Energy has successfully completed the installation of an 800-kilowatt rooftop solar system at Esteem Industries Private Limited in Alonde, Wada, Maharashtra. The newly installed system is expected to generate over 1 million units of electricity annually, significantly reducing the factory’s reliance on conventional power sources. This renewable energy initiative is projected to cut approximately 1,000 tonnes of carbon emissions annually, contributing to environmental sustainability alongside cost savings. Esteem Industries, a leading manufacturer of surfactants and specialty chemicals in India with over three decades of experience, stands to benefit from the installation due to its high energy consumption. The solar […] Read the full story here: https://lnkd.in/dkD4RMjg #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #india #maharashtra #orbenergy #rooftopsolar #solarsolutions

‘World’s largest’ renewable park powers up The world’s largest renewable energy park in India has begun generating power, covering an area comparable to Singapore and with the potential to supply energy to more than 16 million homes. Adani Green Energy Limited (AGEL) has initiated the operation of a 551MW solar capacity in Khavda, Gujarat, India, supplying power to the national grid. AGEL achieved this milestone within 12 months of commencing work on the Khavda RE park, focusing initially on developing basic infrastructure such as roads and connectivity. Once finished, the Khavda RE park will claim the title of the largest renewable energy installation globally, capable of powering 16.1 million homes annually.  AGEL has ambitious plans to develop 30GW of renewable energy capacity at the Khavda RE park, with the anticipated completion of this capacity within the next five years. Gautam Adani, Chairman, Adani Group, said: “This milestone is a validation of the Adani Group’s commitment and leading role in accelerating India’s equitable clean energy transition journey towards its ambitious goals of 500GW of renewable energy capacity by 2030 and carbon-neutrality.” SOURCE: Energy Live News -February 2024

*Greening India's Energy!* India needs to add 50 GW a year to reach 500 GW target by 2030.  This is an ambitious goal, given that India's best performance in recent years has been 15 GW per year. However, in the first six months of 2024, India added 15 GW, which is the same amount as it added in 2023. The government is also planning to invite bids for 50 GW of capacity additions each year until 2027-28. If this momentum continues, India could reach its goal by 2030, since renewable energy projects can take up to two years to become operational. To meet its target, India will need to invest between $190 and $215 billion in generation capacity and between $150 and $170 billion in power transmission and distribution over the next six to seven years. India is the world's 4th largest consumer of electricity and the world's 3rd largest renewable energy producer with 40% of energy capacity installed in the year 2022 (160 GW of 400 GW) coming from renewable sources. Solar, wind and run-of-the-river hydroelectricity are environment-friendly cheaper power sources they are used as ""must-run" sources in India to cater for the base load, and the polluting and foreign-import dependent coal-fired power is increasingly being moved from the "must-run base load" power generation to the load following power generation (mid-priced and mid-merit on-demand need-based intermittently-produced electricity) to meet the peaking demand only. Some of the daily peak demand in India is already met with the renewable peaking hydro power capacity. Solar and wind power with 4-hour battery storage systems, as a source of dispatchable generation compared with new coal and new gas plants, is already cost-competitive in India without subsidy.

This week's 𝐦𝐮𝐬𝐭-𝐫𝐞𝐚𝐝 energy headlines ⬇️ 🚀 News 1 Tata Power Renewable Energy Limited has secured a 400 MW hybrid project from MSEDCL. This project will combine wind and solar power, enhancing Maharashtra's green energy capacity. https://lnkd.in/gSsVFgDz 🚀 News 2 Sunsure Energy signed an MoU with @REC Ltd for ₹10,000 Crore Debt Financing to Develop 3 GW of solar, wind, hybrid, and BESS projects.  https://lnkd.in/gyzuxk86 🚀 News 3 Spain's Zelestra, backed by EQT, will invest $5 billion in India to build 10GW of wind and solar power capacity by 2030, doubling its original 5 GW-2026 target. https://lnkd.in/gRSZSwSw 🚀 News 4 100 days of modi 3.0 ✅ In the first 100 days, our government surpassed renewable energy goals by issuing 14 GW of new bids and commissioning 6 GW of capacity. The country's non-fossil fuel capacity now stands at 207.76 GW. Key programs 📌 PM KUSUM scheme - 1,00,000 Solar pumps installed 📌 PM Surya Ghar scheme - 3.56 lakh Rooftop Solar systems installed https://lnkd.in/gcfvP7kD 🚀 News 5 State-owned SJVN LIMITED generated 8,489 million units (MUs) of green energy from its operational hydro, solar and wind power stations, despite facing challenging climate conditions. https://lnkd.in/gqYrMEca

India's renewable energy potential is concentrated in four key states, with Rajasthan leading the pack at 20.3%, followed by Maharashtra, Gujarat, and Karnataka. Despite this, the nation has only tapped into 8% of its total potential as of FY23, with wind power notably underutilized, constituting only 3.7% of installed capacity. According to the Ministry of Statistics and Programme Implementation, India aims to shift towards renewable sources, targeting 500GW of installed capacity by 2030. This shift is evident in the growth rates, with renewable energy capacity witnessing a 12.20% increase in FY22-23 compared to a mere 0.49% growth in thermal sources. With wind, solar, and large hydro boasting the highest potential, India's renewable energy journey is poised for significant expansion and transformation in the coming years. #renewableenergy #indiaenergyweek #sustainability #cleanenergyfuture

India Renewable Energy Market is anticipated to grow at a steady pace in the forecast period, 2025-2029. Incentives and tax breaks for installing solar panels, growing environmental awareness, and supportive government policies are expected to drive the market in the long run. The Indian government allocated money in the Union Budget 2022-23, INR 19,500 crore (USD 2.57 billion) for a PLI program to boost the production of solar modules with high efficiency, due to which the market is anticipated to grow. Environmentally friendly power is energy created from sources like the sun and wind that don't run out. Electricity generation, water, and air heating and cooling, and transportation are all possible applications of renewable energy. Explore Global Market and Key Players Insights: https://lnkd.in/gUD5DUrA 🔑 Key Market Players are Major market players in the India Renewable Energy Market are Adani Green Energy Limited, Tata Power Company Limited, Azure Power Global Limited, NTPC Limited, ReNew Power India, Suzlon Energy Limited, First Solar Inc., Vestas Wind Systems AS, Trina Solar Limited, Siemens Gamesa Renewable Energy SA. Download Free Sample Report: https://lnkd.in/gP_Xg6PJ

🚨 BREAKING: Energy Giant Wins MASSIVE 6,600 MW Power Deal! Maharashtra's Game-Changing Move 💡💰 • Adani group wins bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra • Quoted price of Rs 4.08 per unit, beating competitors JSW Energy and Torrent Power • 25-year contract combines 5,000 MW solar and 1,600 MW thermal power Now, let's dive deeper into this groundbreaking development: 💰 The Winning Bid: • Adani Power's quote: Rs 4.08 per unit • Closest competitor (JSW Energy): Rs 4.36 per unit • Current average procurement cost in Maharashtra: Rs 4.70 per unit • Potential savings: Nearly Rs 1 per unit compared to MERC-approved costs 🌞 Solar Power Details: • Fixed cost of Rs 2.70 per unit throughout the 25-year period • Helps meet Maharashtra's Renewable Purchase Obligation (RPO) targets ⚡ Thermal Power Component: • Price indexed to coal prices • Ensures base load coverage and grid stability 🏗️ Project Timeline: • Supply to start in 48 months from the award of letter of intent • Addresses Maharashtra's projected peak demand growth 📈 Market Impact: • Four companies participated in the tender • Unique bundled approach drives efficiencies of scale • Balances renewable and thermal power in a 3:1 ratio 🌱 Environmental Considerations: • Helps Maharashtra reach 32% solar power target by 2028 (currently at 12%) • Aligns with India's renewable energy goals 💼 Adani's Growing Influence: • Adani Power: Largest private-sector thermal power generator in India • Current capacity: 17 GW, expanding to 31 GW by 2030 • Adani Green Energy: Aiming for 50 GW renewable capacity by 2030 💡 Food for Thought: • How will this deal impact electricity prices for consumers in Maharashtra? • What are the long-term implications for India's energy mix? • Could this model be replicated in other states? • What challenges might arise in implementing such a large-scale project? Share your insights and predictions below! 👇 #RenewablePower #AdaniGroup #Maharashtra

Indian energy platform Avaada Group has pledged to install 6 GW of hybrid renewable energy projects in the state of Gujarat with an estimated investment of some INR 400 billion (USD 4.83bn/EUR 4.41bn). The ambitious plan will be realised under a Memorandum of Understanding (MoU) with the state government, Avaada announced on Friday. The plan calls for the construction of wind-solar parks across various districts of Gujarat, mostly at underdeveloped waste lands of Kutch district. The hybrid power generation sites will supply their output to local utilities, among which GUVNL, with some of the electricity to go for Avaada’s green hydrogen and ammonia projects. Once in operation, the wind-solar complexes will be able to produce around 17.5 billion kWh of green power annually. The ambitious project is expected to open about 1,200 direct and indirect jobs. “With its abundant natural resources including 300 sunshine days, availability of vast wasteland and long coastline, Gujarat has the potential to significantly contribute towards meeting the global demand for alternative solutions for fossil fuels,” said Vineet Mittal, chairperson of Avaada Group. At present, Avaada has some 2 GW of renewable energy projects in operation or under implementation in Gujarat. The group’s goal is to reach 11 GW of installed capacity by 2026. (INR 10 = USD 0.121/EUR 0.110)