Adani Solar, India’s Top-ranking company in the Solar sector, is about to create a massive revolution by establishing this Solar-Wind hybrid Project. This will be a 450 MW plant established in Jaisalmer, Rajasthan.
India’s top-ranking company in the solar sector, Adani Solar Energy Jaisalmer One Private Limited, also known as SBE Renewable Ten Projects Pvt Ltd., is the core essence. They are beginning with dignified action to generate clean and green energy by commencing with a 450 MW ISTS-connected Wind and Solar Hybrid Project in Rajasthan, the hottest state of India.
This hybridization of wind and solar energy is developing a solution that will lessen volatility due to the reciprocal nature of profile generating, where solar generation is higher during the day, and wind generation is higher at night. Hybrid projects also have more benefits, including reducing costs connected with hydro lines. The balance between gas and hydro generation, demand, and electric vehicles is managed, and electric vehicles are commonly used.
Hurdles in government legal regulation initially backed this energy project. In addition, Solar Energy Cooperation of India (SECI) rediscovered the complexities of the project. SECI’s role was critical as they were accountable for implementing government schemes to set up 2500 MW of ISTS-connected Wind – Solar Hybrid Power Projects. The advancement of this project created more challenges, including changes in laws, which badly impacted their costs. These challenges include changes in tax rates and applying new custom duties on their project. This specifically resulted in financial disturbance of the company. The company started seeing themselves struggling with expenses, which were continuously rising because of legal shifts and unforeseen costs imposed on them.
The case of Adani here shows us that sectors of renewable energy need to pay attention to the delicacy of legal policies and regulation frameworks so that these projects can be sustained for a long time. Furthermore, Adani Solar Energy Jaisalmer had an intense balance between environmental and economic-related large projects. This project offers great insights into India’s clean energy. The project journey highlights the interaction between corporate goals, legal complexities, and government schemes and policies displaying challenges and opportunities in India’s renewable solar energy sector.
Source : https://solarquarter.com/2024/05/02/navigating-legal-landscapes-insights-from-adanis-450-mw-wind-solar-hybrid-project-in-rajasthan/
