VC Funding for Battery Storage Rises by 104% in the First Nine Months of 2019
Global VC funding (venture capital, private equity, and corporate venture capital) for battery storage, smart grid, and efficiency companies in the first nine months (9M) of 2019 was 54% higher ...
Center Mulls 5-Min Time-Block for Deviation Settlement as Renewable Generation Surges
The Confederation of Indian Industry (CII) recently organized a conference “Energizing South” in Tamil Nadu’s capital city of Chennai. The conference’s theme was “India at 75: Forging Ahead: Commercially Smart, ...
Tender Floated for 1.95 MW of Solar Projects with Energy Storage in Lakshadweep
The Solar Energy Corporation of India (SECI) has issued a tender for the development of 1.95 MW of solar projects with 2.15 MWh of battery energy storage systems (BESS). The ...
ADB, GCF, and Australia Together Pledge $44.6 Million for Tonga’s Renewable Expansion
The Asian Development Bank (ADB), the Green Climate Fund (GCF), and the Government of Australia have signed an agreement to develop renewable energy in Tonga. The total grant for expanding ...
The Right Mix of Energy Storage Technologies Can Have a Huge Impact: Interview
As India installs solar and wind energy at a rapid pace, grid congestion is a regular occurrence, power cuts are still prevalent, and curtailment of solar and wind is rampant ...
Tata Power and IFC to Study Energy Storage Potential in Power Distribution System
Tata Power Delhi Distribution (TPDDL) and the International Finance Corporation (IFC), the financial arm of the World Bank Group, have signed a memorandum of understanding (MoU) to assess the energy ...
IIT Kanpur Seeks Bidders for Three Smart Grid Field Pilot Projects Using Solar PV
The Indian Institute of Technology Kanpur (IIT-K) has floated an expression of interest (EoI) for three smart grid field pilots combining renewable sources (solar and biomass) and storage (Lithium-ion and ...
Oman to Develop 146 MW of Solar-Diesel-Storage Hybrid Projects Across 11 Locations
The Rural Areas Electricity Company (Tanweer), based in Oman has floated a tender for 146 MW of solar, diesel and storage hybrid projects to be developed at 11 sites. These ...
SECI Tenders 1.2 GW of Solar-Wind Storage Projects with Assured Peak Power Supply
The Solar Energy Corporation of India Limited (SECI) has issued a Request for Selection (RfS) for setting up 1.2 GW of renewable projects connected with the interstate transmission system (ISTS) ...
Nigerian Renewable Solutions Provider Arnergy Raises $9 Million in Series A Funding
Arnergy, a Nigerian distributed utility company, has announced raising $9 million in Series A round of funding led by Breakthrough Energy Ventures with participation from the Norwegian Investment Fund for ...
Greenko Raises $495 Million to Invest in 2.4 GW of Energy Storage Projects
General Insurance Corporation (GIC) and Abu Dhabi Investment Authority (ADIA) have signed an agreement to invest $495 million as primary equity in Greenko Energy Holdings (Greenko), a renewable energy project ...
Madhya Pradesh Issues EoI to Set Up 500 MW of Energy Storage Project
The Madhya Pradesh Power Management Company Limited (MPPMCL) has issued an expression of interest (EoI) inviting energy storage companies for setting up a 500 MW project in Madhya Pradesh. Bidders ...
MNRE Invites Preliminary Proposals for Gravity-Based Storage Project
The Ministry of New and Renewable Energy (MNRE) has issued invitations requesting proposals to develop gravity storage projects and also to utilize solar photovoltaic (PV) to produce hydrogen from seawater ...
Andhra Pradesh Issues RfS for 600 MW of Wind-Solar Hybrid Projects
The Southern Power Distribution Company of Andhra Pradesh Limited (APSPDCL) and Eastern Power Distribution Company of Andhra Pradesh Limited (APEPDCL), jointly referred as APDISCOMs, have issued Request for Selection (RfS) ...
Budget 2019 Fails to Meet Renewable Industry’s Expectations Yet Again
The interim Budget 2019 was announced on February 1, 2019 by the interim Finance Minister Piyush Goyal. Like the previous two years, this year’s Budget also appears to have failed ...
MNRE Invites Proposals for Research and Development in New and Renewable Energy
The Ministry of New and Renewable Energy (MNRE) has invited project proposals for research, development and demonstration (RD&D) in areas of new and renewable energy from R&D organisations/institutions, universities and industries. The ministry has ...
India Sanctioned Energy Storage Projects Worth ₹115 Million in Last 4 Years
India is now working toward a National Energy Storage Mission (NESM) to keep pace with the changing dynamics of the energy market. As energy storage projects are almost negligible in ...
African Development Bank Approves $220 Million Loan for a Solar Project in South Africa
The African Development Bank (AfDB) has approved a senior loan of ZAR 3 billion (~$220.3 million) to the 100 MW Redstone concentrated solar power project. The project is located in the ...
Tata Power Agrees to Deploy 35 MWh of Gravity-Based Energy Storage from Energy Vault
Tata Power, an Indian power conglomerate, has announced that it will deploy a 35 MWh Energy Vault system in the next year. Energy Vault system is based on the the ...
USTDA Awards Grant to Study Advanced Energy Storage Technologies in Vietnam
The United States Trade and Development Agency (USTDA) has awarded a grant to Vietnam Electricity (EVN), Vietnam’s state-owned power company, to examine the feasibility of deploying advanced energy storage technologies ...
Interview: A Cheaper Inverter is Not Always a Better Option for Solar Projects
For solar project developers in the country, the decision to choose one inverter over the other is becoming increasingly difficult, given the rapid expansion of the segment, and numerous entrants ...
ABB Commissions India’s First Industrial Solar Microgrid in Vadodara
ABB, a Swedish-Swiss multinational corporation, has announced the successful commissioning of the country’s first industrial solar microgrid at its Vadodara manufacturing facility, located in the western state of Gujarat. Microgrids ...
Interview: Cancelling Energy Storage Tenders Sends Wrong Signal to the World
India’s energy storage industry is not yet at the same level as more advanced global players, but the pricing, efficiency, scale, and technology of the country’s domestic manufacturers is undergoing ...
ASSOCHAM Report: Expanding EV Sector in India Needs Rapid Infrastructure Addition
Electric Vehicle sales in the country are expected to grow in the double digits until the year 2020, according to a joint report by the Associated Chambers of Commerce and ...
India Will Soon Have its First Grid-Scale Energy Storage System
AES India and Mitsubishi Corporation have begun the construction of India’s first utility-scale energy storage system in the national capital. The 10 MW energy storage system will serve the grid ...
