Author: Chitrika Grover

PSP Emerges Cost Competitive To BESS: CareEdge Ratings Analysis

CareEdge Ratings a research-based company in its recent estimate for this year found PSP and BESS to be two leading technologies for energy storage. The CareEdge report found that Pumped Storage Projects (PSP) and Battery-Energy Storage Solutions (BESS) technology can become leading technologies in the mainstream mediums for energy storage. It holds the potential to […]

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Schneider Electric, ENGIE Enter Tax Credit Transfer Agreement Under IRA

Schneider Electric, a digital energy and automation manager company recently announced its investment in a portfolio of Texas-based clean energy projects. Through this, it utilized a Tax Credit Transfer Agreement (TCTA) for solar and battery storage systems developed, built, and operated by ENGIE North America (ENGIE). The contracted projects are expected to come online throughout […]

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Rayzon Solar Extends Partnership With Gujarat Titans, CSK

Rayzon Solar, a Gujarat based solar panel manufacturer that has grown aggressively in the past three years, has announced an extended partnership with Gujarat Titans. It also announced to join hands with Chennai Super Kings for the 2024 IPL season. In cricket crazy India, the IPL remains by far the most marketable media property in […]

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ACWA Power, L&T Select Nextracker’s Trackers For Saudi Solar Park

Solar tracker and software solutions company Nextracker announced it was selected by ACWA Power and Larsen & Toubro Limited (L&T) to provide its all-terrain tracker NX Horizon-XTR a 1.17 GW installation at Al Kahfah Solar Power Plant, a strategically important renewable energy project in Saudi Arabia’s Central Province that is part of the National Renewable […]

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IEA Announce To Setup It First Southeast Asia Office In Singapore

International Energy Agency (IEA) recently announced the establishment an IEA Regional Cooperation Centre, in Singapore. It mentioned it to be IEA’s first office outside of its headquarters (HQ) in Paris, France. The announcement was made during the IEA’s 50th Anniversary Ministerial in Paris. IEA announcement, “This headquarter will work with all countries in Southeast Asia […]

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BluSmart, TATA Power Sign 30 MW PPA To Procure Green Energy

BluSmart, an eMobility ride-hailing service and electric vehicle (EV) charging infrastructure network provider, announced a multi-year Power Purchase Agreement (PPA) with Tata Power Trading Company Limited (TPTCL) a wholly owned subsidiary of Tata Power.  The PPA will allow BluSmart to source green power from TPTCL. This collaboration marks a significant step towards BluSmart’s commitment to […]

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Ciel & Terre Taiwan, HEXA Complete Floating Solar Project In Taiwan

Ciel & Terre Taiwan, a floating solar PV (FPV) solution provider, and HEXA Renewables, a pan-Asia renewable energy platform, recently announced the successful conclusion of Taiwan’s near-shore floating solar projects. The project is situated within the Changbin Industrial Park in Changhua County, this project represents a significant milestone in the renewable energy landscape of Taiwan. […]

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GERC Revises Tariff To Rs 2.57 For 700 MW Project Between SECI, GUVNL

Gujarat Electricity Regulation Commission (GERC) recently approved the power usage agreement signed by Gujarat Urja Vikas Nigam Limited (GUVNL) with Solar Energy Corporation of India Limited (SECIL). The agreement was undertaken for procurement of 700 MW power from their solar PV power plant that is to be set up under Ministry of New and Renewable […]

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Karnataka Set To Install 40,000 Solar Pumps Under PM-KUSUM

Karnataka 2024 Budget released some key initiatives to support the solar sector such as through the installation of solar pumps. The 2024 budget emphasized some key initiatives to make farmers self-sufficient. The Karnataka government will install 40,000 off-grid solar pump sets under the PM-KUSUM Component-B scheme. It plans to do so at an estimated cost […]

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