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					</table><p>Electric vehicle (EV) charger and energy efficiency products manufacturer <a href="https://www.servotech.in" target="_blank" rel="noopener">Servotech Power Systems</a> recently won an order worth ₹1.02 billion (~$12.31 million) for 1,500 DC fast EV chargers from Hindustan Petroleum Corporation (<a href="https://www.hindustanpetroleum.com/" target="_blank" rel="noopener">HPCL</a>).</p>
<p>In addition to this order, which consists of two charger variations of 60 kW and 120 kW, the company will also manufacture and supply EV chargers to original equipment manufacturers.</p>
<p>The company manufactures both AC and DC chargers that are compatible with different EVs.</p>
<p>&#8220;We are confident that our high-quality and technologically advanced DC fast EV chargers will help to establish e-mobility touchpoints, optimize transactions, improve availability, simplify discovery, and facilitate navigation for EV users. Our active support ensures a smooth transition towards a cleaner, more sustainable transport ecosystem,” said Sarika Bhatia, director of Servotech.</p>
<p>This is the second such order for the company recently. Earlier this month, Servotech <a href="https://mercomindia.com/servotech-contract-deploy-1800-ev-chargers-bpcl" target="_blank" rel="noopener">secured</a> an order from Bharat Petroleum Corporation for 1,800 DC Fast EV chargers to be installed pan-India.</p>
<p>Last year, Union Minister for Power and New and Renewable Energy R K Singh <a href="https://www.mercomindia.com/india-aims-at-9-fold-in-public-ev-charging-2030" target="_blank" rel="noopener">informed</a> Parliament that India had only 5,254 public charging stations in operation. The government aims to install a total of 46,397 public charging stations in nine major cities by the end of the decade.</p>
<p>To boost public EV charging infrastructure in the country, the government has clarified that charging EVs through charging stations does not require licenses.</p>
<p>The Central Electricity Authority has also issued amendments to the regulations regarding technical standards pertaining to grid connectivity and the safety of supply for charging stations.</p>
<p>This year, the Ministry of Heavy Industry <a href="https://www.mercomindia.com/fame-ii-budgetary-vehicles-increased-by-million" target="_blank" rel="noopener">increased</a> the budgetary outlay for the Faster Adoption and Manufacturing of Hybrid &amp; Electric Vehicles program by $180.7 million in a bid to offer subsidies for EV manufacturers and increase the adoption of EVs in India.</p>


Servotech Wins $12 Million Order for 1,500 DC EV Chargers from HPCL


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					</table><p><a href="https://www.mercomindia.com/budget-2024-free-electricity-rooftop-solar-vgf-offshore-wind" target="_blank" rel="noopener"><strong>Union Finance Minister Nirmala Sitharaman unveiled key measures during the presentation of the 2024 interim budget, signaling a significant push towards sustainable energy and electric mobility.</strong></a> One of the standout announcements involves providing up to 300 units of free electricity every month to 10 million households through rooftop solarization. This move aims not only to make clean energy accessible to a large segment of the population but also to encourage the widespread adoption of solar power.</p>
<p><a href="https://www.mercomindia.com/servotech-contract-deploy-1800-ev-chargers-bpcl" target="_blank" rel="noopener"><strong>Servotech Power Systems, an electric vehicle (EV) charger and energy efficiency products manufacturer has won an order for 1,800 DC Fast EV Chargers to be installed across India</strong></a> from government-owned oil and gas major Bharat Petroleum Corporation. The order is valued at ₹1.2 billion (~$14.46 million) and encompasses the installation and commissioning of two charger variants, 60 kW and 120 kW in the 70:30 ratio.</p>
<p><a href="https://www.mercomindia.com/sales-volume-amara-rajas-q3-profits-up-15" target="_blank" rel="noopener"><strong>Amara Raja Energy &amp; Mobility recorded a net profit of ₹2.55 billion (~$30.7 million) during the third quarter of the financial year 2024, a year-over-year (YoY) increase of 14.8%,</strong></a> primarily driven by the increased sales volumes of automotive batteries in both domestic and international markets. During the quarter, the company posted revenue of ₹30.68 billion (~$369.7 million), a YoY increase of 15% from ₹26.64 billion (~$321 million) fueled by the increased demand for lead-acid batteries.</p>
<p><a href="https://www.mercomindia.com/jabalpur-municipal-tender-for-10-mw-solar-projects" target="_blank" rel="noopener"><strong>The Municipal Corporation of Jabalpur has invited proposals from eligible consultants to set up 10 MW solar projects under captive/net metering mode to supply power to its high-tension connections.</strong></a> The last date for submitting bids is February 29, 2024. Bids will be opened on March 1. The corporation is responsible for supplying water to residents within its jurisdiction and operates multiple water pumping stations equipped with electrical connections at 132/33 or 11 kV Voltage. The corporation aims to transition to solar energy, within the existing regulations, to meet its electrical energy needs as much as possible.</p>
<p><a href="https://www.mercomindia.com/thdc-issues-floating-solar-park-in-karnataka" target="_blank" rel="noopener"><strong>THDC India has invited bids from consultants for the preparation of a detailed project report and bathymetric survey of a 100 MW floating solar power project at the Kadra Dam reservoir in Karnataka</strong></a>. The last date for submission of bids is September 15, 2024. Bids will be opened the next day. The study’s scope encompasses an in-depth project report, incorporating an evaluation of suitability, engineering surveys, cost estimates, and assessments of technical, economic, and financial viability for solar power projects.</p>


Daily News Wrap-Up: Budget 2024 Highlights


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					</table><p><strong>Here are some noteworthy cleantech announcements of the day from around the world:</strong></p>
<p><a href="https://www.servotech.in/" target="_blank" rel="noopener"><strong>Servotech Power Systems</strong></a><strong> has been awarded a Letter of Intent by the Uttar Pradesh New &amp; Renewable Energy Development Agency (</strong><a href="http://upneda.org.in/" target="_blank" rel="noopener"><strong>UPNEDA</strong></a><strong>) for a 1.8 MW off-grid solar project</strong> with solar-powered modules of different capacities across the state. The project&#8217;s contract value is approximately ₹300 million (~$3.68 million). This is the second key project that Servotech acquired from UPNEDA after bagging a 4.1 MW grid-interactive rooftop solar power project from the authority earlier this month. The project will see Servotech perform key responsibilities such as empanelling and rate contracts for designing, manufacturing, supply, erection, testing, and commissioning off-grid solar plants throughout Uttar Pradesh.</p>
<p><strong>Inox Wind </strong><a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/ddff4887-0a0f-4f6c-a7a6-44e6d90549dd.pdf" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the commissioning of India&#8217;s first 3.3 MW wind turbine in the Rajkot district of Gujarat.</strong> The 3.3 MW wind turbine, developed with AMSC as a technology partner, features a 100 m tubular tower and 146 m rotor blades -one of the largest in its class. This wind turbine offers one of the lowest possible energy costs. The new wind turbine is dedicated to achieving India&#8217;s vision of 50% electric power from non-fossil fuel-based energy resources by 2030.</p>
<p><strong>Corio Generation will </strong><a href="https://www.coriogeneration.com/news/corio-generation-partners-with-q-energy-to-unleash-spains-offshore-wind-potential" target="_blank" rel="noopener"><strong>partner</strong></a><strong> with Q-Energy, a global investment and management platform focused on renewable energy, to explore opportunities to develop floating offshore wind power in Spain.</strong> The two companies signed a partnership agreement and began preliminary work to identify suitable sites for floating offshore wind across the Spanish coastline. Spain is looking to increase the share of renewables in domestic electricity generation by 2030.</p>
<p><strong>Abu Dhabi Future Energy Company (Masdar) and Germany&#8217;s RWE Renewables </strong><a href="https://news.masdar.ae/en/News/2022/09/26/12/16/Masdar-and-RWE-Sign-Agreement-to-Target-Key-Global-Offshore" target="_blank" rel="noopener"><strong>signed</strong></a><strong> a Memorandum of Understanding to explore collaboration on developing offshore wind projects in various key markets.</strong> Masdar and RWE Renewables will explore the development of offshore wind projects in several countries and explore project opportunities identified by both parties.</p>
<p><strong>Leroy Merlin, France&#8217;s leading home improvement retail company, and Voltalia </strong><a href="https://www.voltalia.com/news-releases/news-release-details/leroy-merlin-chooses-voltalia-supply-solar-energy-its-sites" target="_blank" rel="noopener">announced</a><strong> the signing of a sales contract to develop a new 30 MW solar power plant in the Centre-Val de Loire region. </strong>The agreement will be valid at a pre-determined tariff for a minimum of 15 years (with the possibility of extension). It will allow Leroy Merlin to source approximately 15% of its electricity consumption from renewable energy. The solar power project is scheduled to be commissioned in 2025</p>
<p><strong>Iberdrola and Solvay will </strong><a href="https://www.iberdrola.com/press-room/news/detail/iberdrola-and-solvay-team-up-to-produce-green-electricity" target="_blank" rel="noopener"><strong>partner</strong></a><strong> in a new project to supply green electricity to Solvay&#8217;s projects in Tavauxand Saint Fons, France.</strong> Under the agreement, a 172-hectare site will be used to develop a solar power project, part of whose output will be purchased by Solvay for its industrial plants through a 20-year corporate power purchase agreement. The solar installation, which will be built and operated by Inderdrola Renouvelables France, will occupy 77 hectares of land and have around 100,000 solar modules. The project will produce around 75 GWh/year of power, making it one of the largest in Europe.</p>


Daily News Wrap-Up: UPNEDA Awards 1.8 MW Off-Grid Solar Project to Servotech

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