Adani Wins World’s Largest Solar Bid

Adani founder Gautam Adani

Adani Green Energy Ltd grabbed world’s largest solar energy deal worth $6 billion to develop 10GW of solar projects. It also made it India’s largest renewable player, managing a renewable portfolio of 15GW.

Crux of the Matter

India’s Renewable Energy Vision
India has set a target to set up plants and sources to produce 175 GW of renewable energy by 2022. Today, India is no longer facing a financial challenge but a technical challenge. Experts believe that India needs non-financial support like project development, policy support, legislative enablers, and coordinated implementation ecosystem to achieve its target of sustainable development and energy production. India’s current solar cell manufacturing capacity is 3.3GW, and its module making capacity is 8GW. India intends to produce 40% of energy by non-fossil sources by 2030.


Green Deal
Adani green has grabbed the contract to build an 8GW solar power plant and 2GW solar cell and module manufacturing plant from Solar Energy Corporation of India in a deal worth $6 billion. The plant would create 4,00,000 direct and indirect job opportunities while displacing 900 million tonnes of carbon dioxide over its lifetime. The first 2GW plant would be online by 2022 and the subsequent 6GW capacity would be added in 2 GW annual increments by 2025.

The deal increases the total managing capacity of the Adani group to 15 GW (including under construction, operation, and contract), making Adani Green India’s largest player managing renewable energy portfolio. The group has pledged to achieve renewable energy generation of 25 GW by 2025. Moreover, Azure Power is assigned to build a Solar PV project of 4GW and to set up a solar kit manufacturing plant of 1GW.


Five Largest Solar Power Plants in India

  • Bhadla Solar Park – 2,250MW – Rajasthan’s Jodhpur district
  • Shakti Sthala Solar Power Project – 2,050MW – Tumakuru district, Karnataka
  • Ultra Mega Solar Park – 1,000MW – Kurnool district, Andhra Pradesh
  • Rewa Solar Power Project – 750MW – Madhya Pradesh
  • Kamuthi solar power plant – 648MW – Tamil Nadu
Curiopedia
  • The Carmichael coal mine is a thermal coal mine in the north of the Galilee Basin in Central Queensland, Australia, approved by the Queensland and federal Australian governments. The mine was proposed by Adani Mining, a wholly owned subsidiary of India’s Adani Group. The mine has drawn controversy about its potential impact on the Great Barrier Reef, affecting the groundwater at its site while releasing its carbon emissions. It would be the largest coal mine in Australia and one of the largest in the world.
  • Mundra Port is the largest private port of India, located on the north shores of the Gulf of Kutch near Mundra, Gujarat. Formerly it was operated by Mundra Port and Special Economic Zone Limited (MPSEZ) owned by Adani Group which was later expanded into Adani Ports & SEZ Limited (APSEZ) managing several ports. In 2013–2014, Mundra Port became the first India port to handle 100 million tonnes of cargo.
  • Gautam Shantilal Adani (born 24 June 1962) is an Indian billionaire industrialist who is the chairman and founder of the Adani Group — an Ahmedabad-based multinational conglomerate involved in port development and operations in India. According to Forbes, his net worth is estimated to be around $15.7 billion as of October 2019. In 2019, he was ranked as the 3rd most powerful person in India by India Today.

NTPC to Empower India With 10GW of Solar Energy Generation

National Thermal Power Corporation (NTPC) aims to bring 10GW of solar energy generation capacity by 2022 with the help of investment of Rs. 50,000 crore, to be raised majorly through Green Bonds. The company is determined to launch the project in a way that the tariff remains below Rs. 3.

Crux of the Matter
  • Currently, NTPC has 920MW of renewable energy resources, majorly constituting of solar energy.
  • It plans to increase its overall capacity to 130GW by 2032. Renewable energy capacity would constitute around 30% of the total.
  • During this fiscal, the company aims to tender 2,300MW of solar energy capacity as a part of India’s vision to deploy 175GW of clean energy by 2022.
  • NTPC aims to make arrangements that keep the tariff value below Rs. 3. It has also planned to sell the electricity to industries, commercial users, and at the soon-setting-up energy exchange.
  • NTPC is exploring economical borrowing options. It is more inclined towards raising money from domestic green bonds.
Curiopedia

The Indian Energy Exchange (IEX) is an electronic system based power trading exchange regulated by the Central Electricity Regulatory Commission (CERC). IEX started its operations on June 27, 2008. Indian Energy Exchange pioneered the development of power trading in India and provides an electronic platform to the various participants in power market, comprising State Electricity Boards, Power producers, Power Traders and Open Access Consumers (both Industrial & Commercial). IEX is one of the two operational Power Exchanges in India. Ever since its incorporation, it has held an influential market share. IEX operates a day-ahead market based on closed auctions with double-sided bidding and uniform pricing; it has over 3,800 registered clients, over 300 private generators and more than 3,300 industrial electricity consumers. More Info

New Solar Energy Tech by Heliogen to Produce 1000° C Using AI

Heliogen is a clean energy-producing company that has made a breakthrough in solar energy concentration technology to produce temperatures as high as one-fourth on the Sun’s surface. Backed by Bill Gates, Patrick Soon-Shiong and others, Heliogen is set to transform the idea of carbon-free energy.

Crux of the Matter
  • Heliogen has combined artificial intelligence and concentrated solar energy technology to produce heat above 1000 degrees Celsius.
  • The aim is to produce heat that is carbon-free. It also has the potential for the artificial creation of green hydrogen that can be used in aircraft and space shuttles.
  • The high temperatures can also act as a blessing for heavy industries like cement, glass, steel, iron et al. These heavy industries account for nearly one-fifth of the carbon emissions. The introduction of carbon-free solar energy will replace fossil fuel-based energy production in these industries.
  • Founder Bill Gross is optimistic about combating 75% of the global carbon footprint occurring in the industrial and transportation segments. Bill Gates is the founding investor and has hailed this as a “promising development in the quest to one day replace fossil fuel”.
Curiopedia

Concentrated solar power systems generate solar power by using mirrors or lenses to concentrate a large area of sunlight onto a small area. Electricity is generated when the concentrated light is converted to heat (solar thermal energy), which drives a heat engine (usually a steam turbine) connected to an electrical power generator or powers a thermochemical reaction. Read More