Funding and M&A Roundup: Sunamp Raises £4.5 Million in a Series A Financing Round
Here are some of the important funding and M&A updates of last week from the global renewable energy industry: Sonnedix, an independent solar power producer (IPP), announced the completion of ...
Masdar to Acquire 50% Stake in EDF’s 1.6 GW of Renewable Projects
Masdar (or the Abu Dhabi Future Energy Company) announced that it has signed an agreement with EDF Renewables North America to acquire a 50% stake in eight renewable energy projects ...
IESA Rallies for Inclusion of Energy Storage Policy Framework in Electricity Act
The India Energy Storage Alliance (IESA) has submitted comments and recommendations to the Ministry of Power (MoP) on the proposed draft for Electricity (Amendment) Bill, 2020. It has proposed a ...
New Carbon Nano Structure Made from Diamond Nano Threads for Energy Storage
A group of scientists from the QUT Center for Materials Science in Australia has proposed the design of a new carbon nanostructure made from diamond nano threads (DNT) that could ...
Energy Storage in Emerging Markets to Increase by Over 40% Every Year Until 2025: IRENA
Battery storage systems are emerging as a potential solution for integrating solar and wind renewables in power systems across the globe. The systems have the unique capability to absorb quickly, ...
Sweden’s Azelio Installs Round-the-Clock Energy Storage System in Morocco
Azelio, a Swedish renewable energy storage company, has completed installing a renewable energy storage system with round-the-clock clean power production at the Noor Quarzazate solar complex in Morocco. According to ...
TERI Tenders Battery Energy Storage Systems in Delhi
The Energy and Resources Institute (TERI) has invited bids for battery energy storage systems (BESS) on turnkey basis under the U.S.-India Collaborative for Smart Distribution System with Storage (UI-ASSIST) initiative ...
SECI’s 7.5 GW Solar Tender for Leh and Kargil Gets Another Deadline Extension
The Solar Energy Corporation of India Limited (SECI) has extended the bid submission deadline for its mega solar tender that calls for 7.5 GW of grid-connected solar power projects in ...
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 ...
