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NLC India Renewables Ltd (NIRL), NLC India's wholly owned renewable arm, received a Letter of Intent from Gujarat Urja Vikas Nigam for a 900 MW solar project in Gujarat's Khavda Solar Park cluster.
The project follows tariff-based competitive bidding; NIRL had earlier secured a 600 MW contract in the same park.
NLC India aims to add ~2 GW of renewable capacity by the end of the current financial year and 10 GW by 2030.
NIRL, incorporated on 14 June 2023, also works on wind energy and green hydrogen projects.
Economic Awareness > Renewable Energy Sector
The term 'Domestic Content Requirement' is sometimes seen in the news with reference to
Answer: Developing solar power production in our country
Consider the following statements regarding carbon markets in India: Carbon credits can be generated by afforestation and renewable energy projects. India has launched a domestic voluntary carbon market. Carbon markets are monitored under the Income Tax Act, 1961.
Answer: Only 1 and 2 are correct
A power-sector procurement method where developers bid the lowest tariff to win project contracts