OCTOBER 20239TOP STORIESNTPC AIMS TO INVEST RS 10,000 CR IN RENEWABLE ENERGY THIS YEARThe state-run NTPC Renewable Energy (NTPC-REL), the company plans to install 1.5 GW of renewable energy capacity this year. "This year, we plan to build 1.5 GW of renewable energy capacity, and our capital expenses will be around Rs 10,000 crore. This capital expenditure number covers both current and future projects, as well as pipeline developments, he noted in an exclusive interview.This capex is at the level of NTPC Renewables, not just NTPC REL. The majority of this 150 MW megawatt's (MW) capacity will be used for solar power. All remaining power is solar, with about 150 MW going to wind-related projects. He noted that only hybrid projects include the wind capacity. Bhargava stated that out of their entire aim of 60 GW capacity, NTPC-REL is currently working on a pipeline of 20 GW of renewable energy projects. Bhargava also discussed the subsidiary's solar project timeline for the upcoming years."Of this, 3.3 GW are in service, more than 7 GW are under construction, and we intend to put orders for the remaining 10 GW in the upcoming 10 to 12 months as well. A significant portion of this should be operating by 2026, we hope", he continued. The business intends to investigate the most affordable storage choices. We are researching the most affordable storage choices. The decision is left to the bidders. This comprises the battery and pumped storage that we use to store electricity. Everything we have done up to this point has been independent of technology, claimed Bhargava. JSW ENERGY CONTRACTS WITH ENVISION ENERGY TO BUILD A SIGNIFICANT WIND ENERGY PROJECT IN INDIAThe development of a 653.4 MW wind energy park in Karnataka and Maharashtra has been contracted to Envision Energy, a world leader in renewable energy solutions. A total of 198 EN 156-3.3 MW WTGs will be installed as part of the project. The project, which is scheduled to cost approximately Rs. 500 crores, will support India's renewable energy industry by creating over 2,000 job possibilities.According to RPV Prasad, CEO of Envision Wind Power Technologies India, the collaboration with JSW Energy signifies a pivotal step in leveraging India's wind energy potential, aligning with their commitment to the vision of Atmanirbhar Bharat. Kane Xu, Global Vice President of Envision Energy and Chairman of Envision Energy India, highlighted the critical role of collaboration in accelerating the transition to green energy, emphasising the company's dedication to sustainable solutions in India.Envision has a successful track record in India, having completed 330 MW of wind projects and securing over 4.7GW of additional projects. The company has established significant manufacturing capacities in Pune and Trichy, supporting its operations across multiple Indian states.
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