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in funding from the South Australian construction. of advanced production capacity and the
Government’s Grid Scale Storage Fund, “NTPC is the first mover in setting up application of innovative technologies in its
AUD30mn debt finance from the Clean large scale Floating Solar projects in India. products with the goal of further lifting its
Energy Finance Corporation and an Around 250MW of floating solar projects are profits.
AUD18mn equity contribution from Tesla. under construction as on date,” Singh said During the January-June period, Trina
Tesla will install 5kW of rooftop solar and and added, “NTPC is aggressively working Solar invested CNY860mn in research and
a 13.5kWh Powerwall battery system at each on solar based green hydrogen as sustainable development (R&D) related to advanced
property, at no cost to the tenant. option for future energy.” technologies for high-efficiency cells, high-
The state run utility also plans to partner power modules and smart tracking mounts.
with Hyderabad-based Greenko Energies Pvt In terms of production capacity, the
Ltd to develop ‘round-the-clock’ power supply, Chinese firm expects to be able to produce
SOL AR that may help bring down the electricity price around 26GW of PV cells annually by end-
for consumers and provide on-demand power 2021, of which large 210mn cells will account
India’s NTPC to add 5GW of from wind and solar projects. for 70%. Total module production capacity,
meanwhile, is anticipated to reach 22GW
solar capacity by the end of this year and rise to 50GW by
end-2021.
State-run NTPC Ltd plans to add at least 5 SOL AR
gigawatt (GW) solar capacity over the next
two years, said Gurdeep Singh, chairman and Trina Solar’s H1 profit zooms
managing director of India’s largest power WIND
generation utility on Tuesday. 245.8%
This assumes significance given that with First turbine installed at
63GW installed capacity, NTPC runs the China’s Trina Solar saw its bottom line soar
largest fleet of coal based capacity in India, to CNY493mn ($72.1mn) in the first half of Fujian Fuqing Haitan Strait
and has been working on a green energy push. 2020 after revenues improved on strong sales
“NTPC group with approx. 4GW of of solar products and systems. MingYang Smart Energy has installed the
renewable capacity, mostly through Solar, is The net profit attributable to shareholders first turbine at the Fujian Fuqing Haitan Strait
surging ahead to add more than 5GW solar of the listed company soared by 245.8% on the offshore wind project in China.
capacity addition in the next 2 years and year, Trina Solar said on Friday. MingYang will deliver 22 MySE7.0-158
30GW of renewables by 2030,” said Singh The Chinese photovoltaic (PV) products turbines with a rated power of 7MW and rotor
at the inking of the partnership agreement maker closed the first six months of the year diameter of 158 meters for the Fujian Fuqing
with International Solar Alliance (ISA) with total revenue of CNY12.55bn, recording Haitan Strait offshore wind project.
for developing solar projects in 47 of least a 16.6% year-on-year increase. Trina Solar The 300MW wind farm is being developed
developed and small island developing shipped 5.84GW of modules in the first half of by China Huadian Corporation and is the
member countries. 2020, up by 37% from a year back. company’s first offshore wind project.
NTPC is also looking to acquire at least The good results were achieved in spite It is located near the shore off the northeast
1GW of operational solar power projects, of the global economic downturn caused part of Longgao peninsula, Fuqing county,
as part of its strategy to have a 32GW clean by the COVID-19 pandemic, pointed out where the average annual wind speed is
energy portfolio by 2032. NTPC currently has chairman and CEO Jifan Gao. He added that 9.2m/s.
a 2,298MW renewable energy projects under the company plans to step up the rollout

P12 www. NEWSBASE .com Week 36 09•September•2020