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torrent power: Can increased focus on renewable energy change fortunes of Torrent Power?

Can increased focus on renewable energy change fortunes of Torrent Power? The company has an aggregate installed capacity of 3879 MW, out of which 2730 MW is gas based, 362 MW coal based and 787 MW is renewable. Synopsis Starting from 50 MW wind power plant in 2012, the company has till date implemented various renewable projects over the years aggregating to 786.5 MW. Shares of Gujarat based Torrent Power gained up to 3% after the company announced that it has been awarded a long-term power purchase agreement (PPA) for 300 MW capacity of solar power generation to be set up in Gujarat, from Licensed Distribution Business Unit of the Company. The project will be commissioned within 18 months from the date of execution of the PPA. Tariff for this project is Rs 2.22 kWh for a period of 25 years.

Torrent Power signs PPA for 300 MW solar power project in Gujarat

Torrent Power has been awarded a long-term Power Purchase Arrangement (PPA) for 300 MW capacity of Solar Power Generation at a tariff of Rs 2.22 per kWh. The project to be set up in Gujarat is estimated to cost Rs 1250 crore and is expected to be commissioned in 18 months from PPA date. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commen

KCCI welcomes move to allow net metering up to 500 kW for rooftop solar units

KCCI welcomes move to allow net metering up to 500 kW for rooftop solar units April 12, 2021 × Move to help India reach target of 40% energy generation through renewable sources by 2030; will also help maintain Karnataka’s pre-eminent position of solar power generation in the country The Kanara Chamber of Commerce and Industry (KCCI) has welcomed the recent move of the Union Power Ministry to allow net-metering for loads up to 500 kW in the case of grid-interactive rooftop solar PV systems. Isaac Vas, President of KCCI, told BusinessLine that the ‘Draft Electricity (Rights of Consumer) Rules 2020’ had allowed net-metering for loads up to 5 kilowatts (kW) and gross-metering for loads above 5 kW in the case of grid-interactive rooftop solar PV systems.

Green Lantern Solar Expands With Two New Hires

Press release content from Globe Newswire. The AP news staff was not involved in its creation. Green Lantern Solar Expands With Two New Hires Green Lantern SolarApril 6, 2021 GMT WATERBURY, Vt., April 05, 2021 (GLOBE NEWSWIRE) Green Lantern Solar, a leading renewable energy development and construction company focusing on commercial-scale solar PV and energy storage systems, announces today the addition of Weston Martin as Director of Sustainable Relationships and Jon Sutton as Construction Manager. Both Martin and Sutton support Green Lantern Solar’s fast-growing Northeastern presence. “We’re excited to welcome Weston and Jon to GLS,” said Green Lantern President Luke Shullenberger. “We are focused on expanding our presence in New England and other northeast markets. The expertise Weston and Jon bring to the table will be instrumental to our continued growth, and to our ability to partner with more municipalities, schools, universities, hospitals, and commercial and

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