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March 10, 2021

Andhra Pradesh makes progress in achieving 10 GW solar target for farming needs

The finalization of tender for the development of 5.8 GW solar power plants by the state-owned Andhra Pradesh Green Energy Corporation Limited (APGECL) is a positive move and allows the supply of uninterrupted free power during the day to the farmers.

By GlobalData Energy

The finalization of tender for the development of 5.8 GW solar power plants by the state-owned Andhra Pradesh Green Energy Corporation Limited (APGECL) is a positive move and allows the supply of uninterrupted free power during the day to the farmers.

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In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
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The move forms part of a strategy to achieve a 10 GW solar target for the farming needs of the state of Andhra Pradesh.

Reportedly, the successful bidders of the tender are Adani Renewable Energy Holding Twelve Limited (2.4 GW), Shirdi Sai Electricals Limited (2.2 GW), NTPC Limited 0.6 GW), Torrent Power Limited (0.3 GW), and HES Infra Private Limited (0.3 GW). The tariffs for successful bids were in the range of INR2.47 to INR2.49 per kWh.

The tariffs under the 6.4 GW tender are 52% lower than what the state government is currently procuring and are set to reduce the financial burden on the government exchequer.

A bid from Adani for the 600 MW Chandrasekharapuram Solar PV Park in Prakasam district was not finalized yet and is currently under further examination by the committee due to a higher tariff of INR2.58 per kWh.

The tender failed to be anywhere near the record INR 1.99 per kWh tariff achieved by Gujarat Urja Vikas Nigam Ltd’s (GUVNL) 500 MW auction in December 2020, as many developers mainly foreign or foreign-funded did not evince interest.

In order to achieve the ambitious target the state government needs to implement these projects and regain investor confidence, especially in light of the cancellation of renewable power purchase agreements (PPAs) last year.

 

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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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