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Electricity Act

REC Ltd, NIIFL collaborate on funding solutions for renewable energy, other infra projects

REC Limited has signed a Memorandum of Understanding (MoU) with the National Investment and Infrastructure Fund Limited (NIIFL) to collaborate on a suite of funding solutions for “Renewable Energy Projects” as well as large-scale infrastructure projects in India. REC Ltd is a Maharatna CPSE and also a leading NBFC that comes under the ambit of […]

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IEX Q3 Results- Revenue Up 20.3%, Volumes 16.8% YoY

India’s premier power exchange, the India Energy Exchange(IEX) has announced its Q3 results for FY24. The firm reported a decent set of numbers, with revenues up 20.3% YoY to Rs 141.2 crores, even as power traded on the exchange rose to 28.3 BU a 16.8% growth YoY. Standalone profit after tax rose to 89.3 crores, […]

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Revolutionizing EV Charging: Is India Ready to Accelerate Into The Future With V2G?

Vehicle-to-grid (V2G) technology marks a transformative phase in the intersection of Electric Vehicles (EVs) and power grids. This cutting-edge system allows electric vehicles to draw energy from the grid for charging and feed stored energy in vehicle batteries back into the grid when needed. V2G, often associated with bidirectional charging, establishes a dynamic relationship where […]

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BatX’s Strong Network Aided In Boosting Battery Recycling: Vikrant Singh

How did BatX Energies’ start its journey of recycling Lithium-ion batteries?  During one of our projects on making electric cars, we realized the importance of Lithium-ion batteries. The cost of making the car was around, and we were surprised to know that the cost of a Lithium-ion battery was almost the same. As India depends […]

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₹650 cr Morbe Dam Solar Project Tender To Be Issued Soon by NMMC

The Navi Mumbai Municipal Corporation (NMMC) will be issuing tender for a 100 MW solar PV project at the Morbe Dam that lies in Raigad, Maharashtra. The solar power project was initially conceived in 2012 but didn’t fructify due to several reasons. It is now finally progressing after a 12-year delay. NMMC also has plans […]

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Global Maritime To Lead Maintenance At Offshore Wind Farm In Scotland

Global Maritime, an offshore operations company, will manage the maintenance-related heavy operations at the Hywind floating offshore wind farm. The company has been awarded a contract pertaining to project management, engineering works, and other site-related operations. Masdar, a renewable energy company, and Equinor, an international energy company were involved in developing the Hywind offshore wind […]

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European Energy Signs PPA With Australian firm Rio Tinto For 1.3 GWp Solar Farm

A Power Purchase Agreement (PPA) has been signed between the renewable energy company European Energy and Australia-based mining company Rio Tinto. The agreement aims to supply all the energy from the upcoming solar farm Upper Calliope Solar Farm to Rio Tinto. The agreement between European Energy and Rio Tinto is touted as the biggest solar […]

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Neoen Starts Building 24.7 MWp Three Solar Farms in Italy

Neoen, a renewable energy production company, launched the construction of its first three assets in Italy in December 2023. These three solar farms, with a combined capacity of 24.7 MWp, are located in Lombardy (8 MWp and 7.6 MWp), and Marche (9.1 MWp). The contract for their construction has been awarded to solar EPC system […]

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Taiwan’s FSP Group Launches PV Inverters, Energy Storage System

Taiwan-based FSP group has announced new green energy solutions include the LightUp off-grid PV Inverter and EnerX 3000 energy storage system. Founded in 1993, FSP Group (3015) is one of the world’s leading power supply manufacturers. LightUp Series PV Inverters Off-grid solar PV inverters are the most cost-effective solution for energy self-consumption for rural areas […]

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