Morena Solar-Plus-Storage Project Hits Record Rs 2.70 Tariff

25 Sep 2025 CW Team

In a major milestone for renewable energy, the state’s first solar-plus-storage project in Morena has achieved a record-low tariff of Rs 2.70 per unit. This marks the first project in India to deliver firm and dispatchable renewable energy (FDRE) at under Rs 3 per unit.

The project guarantees 95 per cent annual availability, a significant leap from previous projects that typically ensured only 50 per cent peak-hour supply and 85 per cent annual availability. By ensuring 95 per cent supply during peak hours, the Morena project sets a new benchmark for reliability in renewable energy.

The Morena Solar Park is being developed by Rewa Ultra Mega Solar Limited, known for executing large-scale renewable projects. The electricity generated will be purchased by the state. Two units are being established at the park, each with a capacity of 220 MW across three phases.

An e-reverse auction held on Friday lasted 12 hours and attracted bids from 16 national and international firms, nearly ten times the subscribed capacity. Participants included Adani Renewables, NTPC Renewables, ReNew Solar, ACME, Engie Energy, Dilip Buildcon, and MB Power.

Unit 1 was awarded to Ceigall India Ltd at Rs 2.70 per unit, while Unit 2 went to Acme Solar Holding Ltd at Rs 2.764 per unit.

Technology

24 Nov 2025

Buildroid AI Raises USD 2 Million to Launch Construction Robots

Buildroid AI has emerged from stealth with USD 2 million in pre-seed funding led by Tim Draper, marking the launch of its first AI-driven block-laying robot, unveiled at the Big Five Construction Conference in Dubai. The initiative targets productivity challenges in the UAE construction sector, which is projected to grow 5.2 per cent in 2025 and reach USD 130 billion by 2029.Founded by Slava Solonitsyn, a YC alumnus and former founder of Mighty Buildings, and Anton Glance, founder of Glance Clock, Buildroid initially aims to transform partition wall-building before scaling to wider application..

Western Corridor Launches Fastest Route to Walvis Bay Port

Zambia has commenced construction on the Western Corridor Transformation Project, a Public-Private-Partnership (PPP) initiative led by Western Corridor Limited (WCL), marking the launch of the fastest trade route from Zambia to Walvis Bay Port in Namibia. The groundbreaking ceremony in Kasempa was officiated by the President of Zambia, Mr Hakainde Hichilema, with senior government officials, private sector partners, and community representatives in attendance.Developed through an SPV incorporated by BeefCo Limited and First Quantum Minerals (FQM) Limited, WCL is upgrading the existing gravel a..

India Ranks 2nd in APAC Private Credit Fundraising: Knight Frank

India has emerged as the second-largest real estate private credit market in Asia-Pacific, contributing 36 per cent of regional fundraising between 2020 and 2024, according to Knight Frank’s Horizon Report: The Rise of Real Estate Credit in Asia-Pacific – Bridging the Gap. Private credit assets under management in India have risen from USD 0.7 billion in 2010 to USD 17.8 billion in 2023, supported by regulatory reforms, diversified funding structures, and sustained demand for flexible financing. India is expected to contribute 20–25 per cent of the region’s projected USD 90–110 billi..