Latest news with #RPOs
New Indian Express
26-07-2025
- Business
- New Indian Express
Odisha clears Rs 870 crore for four renewable energy projects totalling 178 MW capacity
BHUBANESWAR: The single window committee of Energy department on Thursday approved four renewable energy projects with a cumulative generating capacity of 178 MW. The projects would come up at an estimated cost of Rs 869.8 crore. The panel, chaired by principal secretary Vishal Dev, approved the 69.5 MW solar park project of Prozeal Green Energy Limited at Biramaharajpur in Subarnapur district. INOX Solar Limited received clearance for a 49.5 MW solar project at Telkoi in Keonjhar district, while Mahanadi Coalfields Limited (MCL) was granted approval for a 10 MW solar project at Lakhanpur in Jharsuguda district. NLC India Renewables Limited has proposed to set up a wind power project at Papadahandi in Nabarangpur district. Together, these projects account for 128.5 MW of solar and 49.5 MW of wind energy capacity. With these additions, the total renewable energy capacity approved by the single window committee has now reached 1,844.86 MW, attracting cumulative investment commitments of Rs 12,599.79 crore. 'This marks a significant milestone in the clean energy transition and underlines the state government's focus on facilitating ease of doing business in the renewable sector,' said Dev. He said these projects align with Odisha's commitment to achieving its renewable purchase obligations (RPOs) and contributing to India's climate goals while boosting local employment and infrastructure development in the approved districts. The meeting was attended by GRIDCO managing director, directors of GRIDCO and OHPC, principal chief electrical inspector (PCEI) and other senior officers of the department.
Yahoo
09-06-2025
- Business
- Yahoo
India Wind Power Industry Report 2025: $13.71 Bn Market Trends, Competition, Forecast & Opportunities, 2021-2031
India's wind power market offers major opportunities driven by supportive government policies, growing offshore wind developments, and technological advancements. Key impediments include challenges with grid integration and outdated infrastructure, which investment in new infrastructure can mitigate. Indian Wind Power Market Dublin, June 09, 2025 (GLOBE NEWSWIRE) -- The "India Wind Power Market, By Region, Competition, Forecast & Opportunities, 2021-2031F" has been added to offering. The India Wind Power Market was valued at USD 9.11 Billion in 2025 and is expected to reach USD 13.71 Billion by 2031, rising at a CAGR of 6.89% Wind power is a renewable energy source that converts wind's kinetic energy into electricity using turbines. These turbines, featuring large blades, rotate with wind flow, driving a generator to produce power. As a clean and inexhaustible energy form, wind power is gaining attention as a viable alternative to fossil fuels. It generates electricity without emitting greenhouse gases, supporting efforts to reduce environmental pollution and combat climate change. Onshore and offshore wind farms are both utilized, with offshore installations offering the advantage of stronger and steadier winds. Ongoing technological advancements have enhanced efficiency and reduced costs, making wind energy a crucial component of India's renewable energy strategy. Although its intermittent nature poses challenges, integrating wind with storage and other energy sources ensures stability and reliability in the power supply. Government Policies and Supportive Regulatory Framework India's wind power sector is significantly driven by proactive government initiatives and a favorable regulatory environment. The government has introduced ambitious renewable energy targets, with wind power as a core component. Financial incentives such as accelerated depreciation, viability gap funding, and tax benefits reduce initial investment burdens and enhance project viability. Renewable Purchase Obligations (RPOs) compel power distributors to procure a portion of energy from renewable sources, creating assured demand for wind energy. The Ministry of New and Renewable Energy (MNRE) supports wind project development through simplified land acquisition and regulatory clearances. State-level incentives further strengthen this framework by offering subsidies and streamlined processes. The National Wind-Solar Hybrid Policy promotes integrated use of land and grid infrastructure. Furthermore, the government's focus on enhancing grid connectivity and transmission infrastructure supports the integration of wind energy into the national energy mix. India targets 500 GW of renewable capacity by 2030, with wind power expected to contribute 140 GW. Grid Integration and Infrastructure Limitations A key challenge in India's wind power market is the integration of wind energy into the existing power grid, which is often strained by infrastructure limitations. Wind energy's dependency on fluctuating wind patterns makes consistent electricity supply a concern, complicating grid management. Many regions with high wind potential face outdated or inadequate transmission infrastructure, hindering efficient power evacuation and leading to curtailments. Such inefficiencies result in revenue loss for developers and lower renewable system performance. Additionally, wind projects are frequently located in remote regions lacking robust grid connectivity, requiring substantial investment and coordination to establish new infrastructure. Delays in expanding transmission networks can stall project implementation, affecting overall market growth and investor confidence. Growth of Offshore Wind Power Development India is witnessing a growing interest in offshore wind energy, marking a shift from its historical focus on onshore wind farms. Offshore wind offers advantages such as stronger and more reliable wind speeds, resulting in higher energy production. These projects face fewer land-related challenges and can be deployed without significant displacement concerns. The government has taken steps to support offshore wind through policy initiatives, feasibility assessments, and zone identification along coastal states like Gujarat, Tamil Nadu, and Andhra Pradesh. MNRE has facilitated pilot projects and international collaboration to build capacity and technical know-how. The interest of global offshore wind companies and investors is increasing, bringing advanced marine-compatible technologies and operational expertise, which is expected to accelerate the commercial rollout of offshore wind in India. Key Attributes: Report Attribute Details No. of Pages 85 Forecast Period 2025 - 2031 Estimated Market Value (USD) in 2025 $9.11 Billion Forecasted Market Value (USD) by 2031 $13.71 Billion Compound Annual Growth Rate 6.8% Regions Covered India Report Scope: Key Market Players Vestas Wind Systems A/S Siemens Gamesa Renewable Energy S.A. General Electric Company Goldwind Science & Technology Co., Ltd. Nordex SE Enercon GmbH Suzlon Energy Limited MingYang Smart Energy Group Co., Ltd. India Wind Power Market, By Application: Residential Commercial Industrial India Wind Power Market, By Installation: Onshore Offshore India Wind Power Market, By Turbine Capacity: 100 KW 100 KW to 500 KW 500 KW to 1 MW 1MW to 3 MW Less than 3 MW India Wind Power Market, By Region: South India North India West India East India For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Indian Wind Power Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
06-06-2025
- Business
- Time of India
Standalone solar plant subject to 2,735 compliance tasks, 83 clauses carry imprisonment: Report
New Delhi: A standalone solar energy producing plant in Maharashtra, with a corporate office in Haryana, must comply with 799 unique obligations, resulting in 2,735 total annual compliance tasks, according to a report released by TeamLease RegTech. Of the total obligations applicable to the corporate office, 83 carry imprisonment clauses, the report titled Decoding Compliance Management for Renewable Energy Sector stated. The report highlights that these obligations span central, state and municipal levels, and are distributed across seven categories of law and three tiers of legislation. "The corporate office must adhere to 514 compliances, of which 83 carry imprisonment clauses, often for procedural lapses," the report said. The compliance load is broken down into 646 obligations from central legislation, 151 from the state level, and two from municipal regulations. The manufacturing plant component alone requires 51 approvals, permissions and registrations, and must comply with 285 legal mandates. These obligations arise across categories including safety, employee welfare and statutory audits. The regulatory framework involves multiple agencies including the Central Electricity Regulatory Commission (CERC), State Electricity Regulatory Commissions (SERCs), and the Bureau of Energy Efficiency (BEE). Obligations include adherence to Renewable Purchase Obligations (RPOs), Energy Conservation Act, tariff policies, environmental clearances, and grid integration standards in accordance with Central Pollution Control Board (CPCB) norms. Compliance challenges identified in the report include fragmentation across jurisdictions, overlapping mandates from different authorities, inconsistent policy implementation, and delays in land acquisition and environmental clearances. The continued reliance on manual, paper-based compliance systems also increases the risk of non-compliance, it said. The 799 obligations are spread across categories such as labour (244), secretarial (238), industry-specific (106), finance and taxation (84), environment health and safety (EHS) (58), commercial (38), and general (31). In terms of frequency, these include 58 monthly, 94 quarterly, 45 half-yearly and 114 annual compliances. The remaining 88 are event-based or one-time obligations. "The regulatory landscape circumscribes various standards, authorities and compliance requirements," the report noted. It further explained that the complexity is increased by the concurrent jurisdiction of central and state governments in areas like labour and electricity. The report detailed that approvals required to establish and operate the plant cover stages such as setting up (10), pre-commissioning (7), post-commissioning (4), and ongoing operations (30), totalling 51 approvals. These are governed under at least 31 Acts and Rules. Imprisonment clauses linked to compliance requirements are most prevalent under labour laws, accounting for 77.1 per cent, followed by secretarial (12 per cent), finance and taxation (8.4 per cent), and EHS (2.4 per cent). In terms of legislative origin, 66.3 per cent of these clauses stem from central laws, while 33.7 per cent are from state laws. The report further highlighted that the compliance types include returns, registers and records, payments, certificates and licenses, notices and correspondence, inspections, safety and welfare, audit and accounts, and others. The company under consideration has 100 or fewer employees and employs more than 20 contract labourers in the factory. It uses diesel generators, fire extinguishers, and consumes batteries at both manufacturing and corporate locations. It also generates e-waste, battery waste, and solid waste, with operations based on zero liquid discharge. The report recommends that renewable energy companies adopt a centralised and automated compliance strategy to manage obligations more efficiently.
Time of India
22-04-2025
- Business
- Time of India
Wind energy body pegs FY26 capacity addition at 6-7 GW
The factors include delay in land acquisition, lack of power evacuation infrastructure, non-signing of power purchase agreements and non-compliance of renewable energy purchase obligations (RPOs). A problem that the wind industry points out is the law-and-order problem in some states that leads to delays in setting up wind projects. 'Implementation is becoming tougher with each passing year. In practice, even with twice the compensation as per government notified rates, the landowners are not allowing us to work on transmission lines and producers face multiple issues related to theft, filing FIRs, etc.,' said Parag Sharma, president of WIPPA. Wind's direction According to WIPPA, wind energy project tenders of around 2.5 GW were cancelled in the last two years and 5 GW in the last five years apart from many solar energy projects. Lower availability of the wind sites, high tariff of the wind energy, delayed PPA signing, lack of the evacuation infrastructure, lower participation of the bidder and undersubscription of the bids are some of the factors contributing to the cancellations. 'While the lowest tariff bidding system led to capacity addition only in a few states, transmission infrastructure plan was unevenly distributed,' Sharma said. Way forward Much of the wind tenders now come as a part of firm and dispatchable renewable energy (FDRE) projects, which are bundled with solar power. Pure wind tenders are much less and will likely remain the same in the future, according to industry experts. Around 60 GW of renewable energy projects that were tendered in the last few years remain without power purchase agreements. The government has said that it is working on resolving the issues leading to non-signing of purchase agreements with distribution companies. "Unlocking the full potential of wind energy in India requires a focused approach that addresses structural challenges such as land acquisition issues, transmission constraints, and procedural delays,' N Venu, managing director and CEO, Hitachi Energy , India and South Asia said.. Proper planning of future needs, especially by states, is the need of the hour, Sharma of WIPPA said, adding that there is enough demand for renewable energy. "We are optimistic about the sector's long-term growth trajectory. With continued focus on grid modernization, hybrid solutions,and digitalization, we hope to see more momentum in the coming time, which aligns with the country's renewable energy ambitions," Venu said.
Khaleej Times
26-03-2025
- Business
- Khaleej Times
Gulf sovereign fund assets set to hit $18 trillion by 2030
Spearheaded by the UAE's three major funds, Gulf Sovereign Wealth Funds (SWFs) are emerging as key players in the global investment arena. With total assets under management projected to soar from $12 trillion at the end of 2024 to $18 trillion by 2030, these funds are set to redefine the global investment landscape. At the forefront are five formidable entities: the Abu Dhabi Investment Authority (Adia), Mubadala, Abu Dhabi Developmental Holding Company, Saudi Arabia's Public Investment Fund (PIF), and the Qatar Investment Authority (QIA). Together, they dominate regional investment activities, showcasing the Gulf's growing influence on the global stage. A remarkable trend accompanying this growth is the rise of Royal Private Offices (RPOs), which now control around $500 billion in assets. According to a Deloitte report, these RPOs have become essential in shaping the future of sovereign wealth funds in the region. They often mirror the activities of established funds, blurring the lines between state-controlled entities and private family offices. This trend has led to the creation of new funds linked to influential families, further diversifying the Gulf's investment portfolio. The report highlights that Gulf SWFs have been on an aggressive investment spree, deploying $82 billion in 2023 alone and another $55 billion in the first nine months of 2024. With approximately 40 per cent of global SWF assets under their control, and six of the ten largest funds worldwide, these entities are not just participants — they are reshaping investment strategies amid intensifying competition. Julie Kassab, Deloitte's sovereign wealth fund leader for the Middle East, underscores the Gulf region's pivotal role: 'We are witnessing these funds not only expand their geographical footprint but also significantly enhance their internal capabilities. They are setting new standards for performance and governance.' A significant shift in focus is evident as Gulf funds increasingly invest in fast-growing markets outside traditional Western economies. With an eye on Asia, they are establishing offices in the Asia-Pacific region and ramping up allocations to burgeoning economies such as China, India, and Southeast Asia. Notably, Gulf SWFs have invested an estimated $9.5 billion in China in the year ending September 2024, positioning themselves as key players in a market where Western investors are pulling back. Africa is another frontier of interest, particularly in the mining sector, as Gulf states look to capitalise on high-risk extractive ventures. The UAE and Saudi Arabia are actively investing in this area, both directly and through multinational mining firms, signaling their readiness to explore new opportunities. As competition intensifies, Gulf SWFs are under pressure to enhance their performance and risk management practices. Many are adopting a more proactive stance, seeking better reporting from portfolio companies and asserting influence at the board level. This drive for excellence has also intensified the competition for talent, with Gulf funds employing around 9,000 professionals and offering attractive packages to lure seasoned experts from established global funds. However, the global landscape is shifting towards protectionism, particularly in developing economies. Governments are reassessing their strategies regarding strategic assets, leading to the emergence of domestically focused funds that aim to co-invest alongside international partners rather than compete directly with Gulf players. Deloitte also notes a growing trend toward protectionism globally, particularly in developing economies, where governments are reassessing their approach to strategic assets. This shift has led to the creation of new domestically focused funds, often designed to co-invest alongside international partners rather than compete directly with established Middle Eastern players.
