JSW Neo Energy to Acquire O2 Power for ₹125 Billion

Five Lowest Solar Auction Bids in India During 2024 [Infographics]

Solar Module Capacity Under ALMM Rises to 63,027 MW

Maharashtra Invites Bids for 1 MW of Solar Projects at Police Stations

Top States for Solar Open Access in 2024 [Infographics]

ACME Renewtech Secures ₹19.88 Billion for 300 MW Wind-Solar Hybrid Project

ONGC Invites Bids for Operation and Maintenance of 1.54 MW Solar Systems

Qcells Claims 28.6% Perovskite-Silicon Tandem Solar Cell Efficiency

Gensol Bags 225 MW Solar EPC Contract from NTPC Renewable Energy

Daily News Wrap-Up: Lowest Wind-Solar Hybrid Power Tariffs in 2024


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2023/04/amazon_polly_52257.mp3?version=1680669568">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p><a href="https://www.mercomindia.com/lithium-price-drop-hopes-evs-affordable-india" target="_blank" rel="noopener"><strong>Lithium carbonate prices, the primary component used in batteries, have seen a considerable drop over the last couple of months, raising hopes among industry stakeholders</strong> </a>that affordable electric vehicles would attract more customers to the segment. The price of the key ingredient has dropped from ~$73,000 per mt in January to ~$34,000 per mt in March.</p>
<p><a href="https://www.mercomindia.com/electric-vehicle-sales-q1-2023" target="_blank" rel="noopener"><strong>Electric vehicle (EV) sales in India reached 349,676 units in the first quarter of 2022, a year-over-year (YoY) increase of 81% compared to 192,565 units sold in the same period last year. </strong></a>Sales increased by 2% compared to 343,485 units sold in the previous quarter. EVs accounted for 6% of overall automobile sales, according to data released by the Ministry of Road Transport and Highways.</p>
<p><a href="https://www.mercomindia.com/google-procure-wind-power-orsted" target="_blank" rel="noopener"><strong>Google has signed a power purchase agreement (PPA) for 150 MW with Denmark-based Orsted, which will supply the power from its 268 MW Helena Wind Farm in Texas in the United States for the next 15 years.</strong></a> The project, commissioned in mid-2022, provides low-cost electricity to the South ERCOT service territory, enough to power an estimated 90,000 homes. The PPA is the first agreement between Google and Orsted in the U.S. and the second agreement globally.</p>
<p><a href="https://www.mercomindia.com/vestas-to-supply-130-mw-wind-turbines-to-vibrant-energy" target="_blank" rel="noopener"><strong>Vibrant Energy has signed a deal with the Denmark-based wind turbine manufacturer Vestas for the supply of 36 V155 3.6 MW wind turbines.</strong></a> The turbines will be supplied to Vibrant Energy’s two wind projects in India. Vestas is expected to deliver the turbines starting the fourth quarter of 2023, while the commissioning will be complete by the second quarter of 2024.</p>
<p><a href="https://www.mercomindia.com/australia-announces-community-battery-deployment" target="_blank" rel="noopener"><strong>The Australian Renewable Energy Agency has invited expressions of interest for the first round of Community Batteries Funding of up to AU $120 million (~$81.2 million)</strong></a> to deploy community batteries across Australia. The Community Batteries Funding Program is expected to facilitate the installation of community batteries nationwide to reduce energy costs and greenhouse gas emissions and alleviate strain on the power grid.</p>
<p><a href="https://www.mercomindia.com/innovative-70-of-lithium-from-spent-batteries" target="_blank" rel="noopener"><strong>Researchers from Helmholtz Institute Ulm and Karlsruhe Institute of Technology have devised a low-cost and eco-friendly lithium recycling technique to recover up to 70% of lithium from battery waste</strong></a> without the use of harsh chemicals, high temperatures, or pre-sorting of materials. Currently, battery waste recycling primarily focuses on recovering nickel, cobalt, copper, aluminum, and steel, with lithium recovery remaining expensive and unprofitable.</p>
<p><a href="https://www.mercomindia.com/changes-power-exchanges-bidding-software" target="_blank" rel="noopener"><strong>The Central Electricity Regulatory Commission has directed all power exchanges to redesign their bidding software to allow members to quote prices within a specified range for different types of contracts. </strong></a>The Commission said that redesigning the bidding software would reduce the cost of power for buyers while also providing an opportunity for high-cost generators and willing buyers to participate in the High Price Day Ahead Market market.</p>
<p><a href="https://www.mercomindia.com/month-in-a-minute-march-2023" target="_blank" rel="noopener"><strong>Check out the Top Headlines from Indian Renewable Sector in March 2023 in Month in a Minute</strong></a><strong>. </strong></p>
<p>&nbsp;</p>


Daily News Wrap-Up: Lithium Price Drop Effect on EVs


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2023/04/amazon_polly_52237.mp3?version=1680602682">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>The Australian Renewable Energy Agency (<a href="https://arena.gov.au/" target="_blank" rel="noopener">ARENA</a>) has invited expressions of interest (EoI) for the first round of Community Batteries Funding of up to AU $120 million (~$81.2 million) to deploy community batteries across Australia.</p>
<p>The Community Batteries Funding Program is expected to facilitate the installation of community batteries nationwide to reduce energy costs and greenhouse gas emissions and alleviate strain on the power grid.</p>
<p>ARENA had invited proposals for the first round of the program, which involved a funding allocation of up to AU $20 million (~$13.5 million) to deploy at least five community batteries.</p>
<p>To qualify for funding, every community battery should have a capacity between 50 kW and 5 MW and be connected to the distribution network.</p>
<p>The first round of funding will be divided equally between two separate streams:</p>
<ul>
<li><strong>Stream A:</strong> This stream is designated for Distributed Network Service Providers (DNSPs), entities responsible for managing the local power distribution network.</li>
<li><strong>Stream B:</strong> The second stream is for all eligible applicants other than DNSPs, such as community groups or businesses.</li>
</ul>
<p>The federal budget announced in October 2022 included a A$200 million (~$134.98 million) allotment for the implementation of the Community Batteries for Household Solar initiative with the goal of installing 400 community batteries in Australia.</p>
<p>ARENA was allotted A$171 million (~$115.41 million) in funding to oversee the deployment of at least 342 of these batteries.</p>
<p>After completing the first round, the remainder of the funds will be utilized for a second round that would cater to projects with longer development timelines.</p>
<p>Australia’s Department of Climate Change, Energy, the Environment and Water (<a href="https://www.dcceew.gov.au/" target="_blank" rel="noopener">DCCEEW</a>), which conducted the first round of applications for a similar program under the Business Grants Hub, is expected to deliver the first set of 58 batteries. The department is currently assessing the applications received.</p>
<p>Community batteries are designed to store excess solar energy in the distribution network, which can be used later. By doing so, they help to reduce household electricity costs and alleviate pressure on the local electricity grid.</p>
<p>According to ARENA CEO Darren Miller, community batteries are crucial in continuously optimizing distributed energy resources in the electricity grid.</p>
<p>Deploying such batteries will reduce network costs and alleviate constraints in areas with high solar penetration, leading to lower electricity costs for all consumers.</p>
<p>According to the latest Australian Energy Market Operator (<a href="https://aemo.com.au/" target="_blank" rel="noopener">AEMO</a><u>)</u> data, the total number of distributed energy resources is over 2.7 million. These resources include solar panels, batteries, wind turbines, and other technologies that generate or store electricity on a small scale, often for individual homes or businesses.</p>
<p>Over 190,527 new solar PV systems were registered across Australia in 2022, representing the largest share of new additions. Other technologies, such as batteries, wind turbines, and electric vehicles, also grew significantly.</p>
<p>As of the most recent update, the cumulative total of registered resources across Australia has reached over 12.8 million. Solar photovoltaic systems represent the largest share of cumulative registrations, followed by batteries, small wind turbines, and other technologies.</p>
<p>The data helps us understand the increasing adoption of distributed energy resources in Australia and the need for community batteries to support the integration of these resources into the grid.</p>
<p>In December last year, ARENA also <a href="https://www.mercomindia.com/australia-provide-118-million-battery-projects-country" target="_blank" rel="noopener">announced</a> A$176 million (~$118 million) in conditional funding to support eight grid-scale battery projects nationwide.</p>
<p>Recently, the agency also <a href="https://www.mercomindia.com/australia-au29-5-million-university-solar-research" target="_blank" rel="noopener">awarded</a> AU$29.5 million (~$19.5 million) to the University of New South Wales’ (UNSW) School of Photovoltaic and Renewable Energy Engineering (SPREE) for research in solar technologies.</p>


Australia Announces $81 Million Funding for Community Battery Deployment

community-batteries

Get the most relevant India solar and clean energy news.

RECENT POSTS