Andhra Regulator Approves Renewable Energy Certificates Purchase by DISCOM
The Andhra Pradesh Electricity Regulatory Commission (APERC) recently ruled that the state distribution company (DISCOM) was entitled to procure renewable energy certificates (RECs) for the financial year (FY) 2019-20 and ...
Transmission System for 500 GW Renewable Capacity to Cost ₹2.44 Trillion
Union Power Minister R.K. Singh unveiled a comprehensive plan to evacuate the planned renewable power capacity of 500 GW by 2030 at an estimated cost of ₹2.44 trillion (~$29.64 billion) ...
DISCOMs AT&C Losses Decline to 17% in FY22 Due to Tough Reforms
The Aggregate Technical and Commercial (AT&C) losses of distribution companies (DISCOMs) declined significantly to ~17% in the financial year (FY) 2021-22 from 22.32% in FY 2020-21, according to the recent ...
EV Charging Company ChargePoint’s Q3 FY23 Loss Widens to $84.5 Million
Electric vehicle (EV) charging solution provider ChargePoint Holdings recorded a net loss of $84.5 million in the third quarter (Q3) of the fiscal year (FY) 2023, compared to a loss ...
Pune Municipal Corporation Invites Bids to Set Up Electric Vehicle Charging Stations
Pune Municipal Corporation (PMC) invites proposals for the commissioning, operation, and maintenance of electric vehicle (EV) charging stations for the public at designated locations in Pune. PMC has issued a ...
Goa Invites Bids to Set Up 40 Electric Vehicle Charging Stations
Goa Energy Development Agency (GEDA) invites expressions of interest cum bids for the commissioning, operation, and maintenance of 40 electric vehicle (EV) charging stations at various locations in Goa. The ...
Bids Invited for ISTS Projects Under Western Region Expansion Plan
PFC Consulting, a wholly-owned subsidiary of Power Finance Corporation, has invited bids to set up interstate transmission system (ISTS) projects under the Western Region Expansion Program (WRES-XXVII) on a build, ...
Battery Manufacturing Startup Clean Electric Raises $2.2 Million in Seed Fund
Clean Electric raised $2.2 million in a seed round led by a Bengaluru-based early-stage venture capital firm Kalaari Capital, to produce 5,000 electric vehicles (EV) battery packs monthly from a ...
US Announces $350 Million for Long-Duration Energy Storage Demonstration Projects
The Biden-Harris Administration has announced a $350 million fund for Long-Duration Energy Storage (LDES) demonstration projects. These storage projects are built to deliver electricity for up to 10 to 24 ...
GreenCell Raises $40 Million Funding from ADB to Develop Electric Buses
The Asian Development Bank (ADB) has inked a $40 million financing package with India-based shared electric mobility company GreenCell Express (GEPL) to develop 255 battery-powered electric buses (e-buses). The e-buses ...
CERC Yet to Act on ISTS Charges Waiver for Open Access Renewables Proposed by Ministry of Power
Nearly a year after the Ministry of Power (MOP) extended the timeline and widened the scope for waiver of the interstate transmission system (ISTS) charges for renewable energy projects, the ...
EV Financing Platform Revfin Raises $10 Million to Expand Operations Across 25 States
Electric Vehicle (EV) financing platform for individuals Revfin has closed a Series A funding round of $10 million in a combination of equity and debt. The funding round was led by ...
Tesla Records $21.5 Billion in Revenue and 2.1 GWh Energy Storage Deployments in Q3 2022
Tesla recorded total revenues of $21.5 billion in the third quarter (Q3) of 2022, a 57% year-over-year increase compared to $13.7 billion in Q3 2021 and a quarter-over-quarter (QoQ) leap ...
Gap Between DISCOMs’ Cost of Supply and Revenue Increases to ₹0.95/kWh in FY21
The Average Cost of Supply (ACS) for distribution companies (DISCOMS) increased from ₹6.14 (~$0.074)/kWh in financial year (FY) 2019-20 to ₹6.19 (~$0.074)/kWh in FY 2020-21. The Average Revenue Realized (ARR) ...
Electric Two and Four-Wheeler Sales Increase 183% YoY in Q3 2022
Retail sales of electric vehicles (EVs) clocked 257,278 units in the third quarter (Q3) of the calendar year 2022. This represents a 183% year-over-year (YoY) growth compared to the 90,831 ...
Average AT&C Losses for DISCOMs Increases to 22.32% in FY21
The average aggregate technical and commercial (AT&C) losses for distribution companies (DISCOMs) at the national level increased from 20.73% in the financial year (FY) 2019-20 to 22.32% in FY 2020-21 ...
West Bengal Tenders 205 EV Charging Stations to be Installed Across the State
West Bengal State Electricity Distribution Company (WBSEDCL) has invited bids for the supply, installation, operation, and maintenance of the electric vehicle (EV) charging stations and battery swapping stations. The stations ...
Uttar Pradesh Announces a Slew of Incentives for EV and Battery Manufacturing
Uttar Pradesh will provide a 30% base capital subsidy for the first two integrated electric vehicle (EV) and ultra-mega battery projects up to a maximum of ₹10 billion (~$121.43 million) ...
CERC to Evaluate Pricing Methodology in Power Exchanges, Invites Stakeholder Comments
The Central Electricity Regulatory Commission (CERC) has issued a discussion paper on pricing methodology in the power trading market in the wake of price spikes and unprecedented demand in the ...
Transmission Infrastructure for 66.5 GW of Renewable Energy Zones to be Set Up By 2022
The government is working towards setting up transmission systems for renewable energy zones with 66.5 GW of capacity by the end of 2022 to integrate non-fossil fuel energy sources with ...
Chandigarh’s EV Policy Targets 70% of All Vehicles to Be Electric by 2027
Chandigarh has targeted 70% of all new vehicle registrations in the Union Territory (UT) to be electric vehicles (EVs) in the next five years. As per the recently issued Chandigarh ...
Amazon to Invest €1 Billion to Decarbonize its Transport Network in Europe
E-commerce conglomerate Amazon plans to invest over €1 billion (~$973 million) until 2027 to further electrify and decarbonize its transportation network across Europe. The investment will involve delivering packages to ...
217,000 Solar Mini Grids Needed by 2030 to Provide Power to Half a Billion People
The world will require over 217,000 solar mini grids at a cumulative cost of $127 billion by 2030 to provide power to half a billion people globally, a report by ...
EoI Issued to Empanel Lending Institutions for Financing EVs Across India
Convergence Energy Services Limited (CESL), a wholly owned subsidiary of Energy Efficiency Services Limited (EESL), has issued an expression of interest (EoI) to empanel financial institutions to finance electric vehicles ...
Implementation of Revisions to EV Battery Testing Standards Postponed
The Ministry of Road Transport and Highways (MoRTH) has extended the implementation of amendments to Electric Vehicle (EV) battery testing standards from October 1, 2022, to December 2022 and March ...
