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Electricity Act

Hungarian Energy Storage Scheme Worth €1.1 Billion Receives European Commission Approval

The European Commission has approved a Hungarian scheme worth €1.1 billion, designed to bolster the country’s shift towards a carbon-neutral economy by supporting the establishment of energy storage facilities with a capacity of at least 800 MW/1600 MWh. The scheme aims at enhancing the flexibility of the Hungarian electricity system by supporting storage investments to […]

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SKF Signs VPPA with Enel to Power One-Third of its European Operations

A firm that delves into industrial sustainability, SKF has signed a Virtual Power Purchase Agreement (VPPA) with Enel. The long-term agreement, forged with global energy company Enel, will enable SKF to purchase guarantees of origin from Enel’s forthcoming solar project in Spain over 15 years. The purchased guarantees of origin will match the electricity consumption […]

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Clearstone Energy Unveils Ambitious Plans for Energy Hub in Mid Devon

Clearstone Energy has revealed ambitious plans to establish a pioneering energy hub in Mid Devon, set to have a significant impact on  the UK’s response to the climate emergency. The proposed hub, situated adjacent to Junction 27 of the M5, aims to maximize the utilization of renewable energy from solar and wind farms, presenting a […]

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Energy Trading In An Interconnected World

Matteo Mazzoni, Director of Energy Analytics, ICIS Energy markets are evolving, moving away from discrete regional or local hubs to become truly global and far more interconnected than ever before. The rise of LNG and associated infrastructure investment, for example, has seen it emerge as an analogue of more traditional natural gas hubs. Whereas previously, […]

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WattPower In Agreement With Renew Power For 1.2 GW Of String Inverters By Dec 2023

WattPower, a leading provider of innovative energy solutions, has announced a ground-breaking deal with ReNew Power, India’s leading renewable energy company by installed capacity. The agreement entails the supply of 1.2 Giga Watts (GW) of string inverters, making it one of the largest deals in the solar inverter industry. With a contract value of close […]

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SafEarth Nets Rs 35 Million Funding From Anthill Ventures, Others

SafEarth, a technology platform for adoption of renewable energy in India has today announced the successful completion of its recent funding round of 35 Million (Rs 3.5 crore). The funding was led by Anthill Ventures, Third Derivative and Mumbai Angels. This investment will fuel SafEarth’s product development initiatives and support its expansion into new industrial […]

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S&P Commodity Insights Top 10 RE Market Trends in 2023

Commodity Market Solutions Firm S&P Global Commodity Insights released its white paper on ‘The Ten Cleantech Trends in 2023’, focusing on the technologies to reduce emissions and confront climate change. Following are the main takeaways from the cleantech trends 2023 from S&P Global Commodity Insights- 1. Declining Component Prices--Though the reduction in the component prices […]

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Europe’s Solar Firm Alight Signs PPA With Axfood To Build Sweden’s Largest Solar Park 

Europe’s solar developer and Independent power producer Alight and food retail group Axfood have signed a Power Purchase Agreement (PPA) to build Sweden’s largest solar park threefold. The scale of the solar park unlocks the possibility of using non-recourse project financing for the first time, signaling a shift in the feasibility of large-scale solar in […]

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Gujarat Issues Draft Tariff Determination Norms For Solar-Wind Hybrid Projects

The Gujarat Electricity Regulatory Commission (GERC) has now come up with a discussion paper to develop a tariff framework for the procurement of power from wind-solar hybrid projects. It is applicable for wind-solar hybrid projects and such projects with storage too. It has asked the stakeholders and public to comment on the draft proposals by the end […]

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