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Electricity Market

Budget 2021 Reactions. Industry Welcomes Broad Direction, Hopes For Specifics

The Union Budget 2021, for all its usual detractors, has been welcomed in more ways than one. While the stock markets seem to have welcomed the bold moves to junk fiscal limitations and go for high spending to revive the economy, the industry has welcomed it for more reasons. One couldn’t help but notice during […]

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Corporate Renewable PPAs in India may Increase in 2021: Report

A report has found that corporate renewable power purchase agreements (PPAs) in India may increase in 2021, despite setbacks from COVID-19. A new report has found that corporate renewable power purchase agreements (PPAs) in India may increase in 2021, despite setbacks from COVID-19. The report by the World Business Council for Sustainable Development (WBCSD), shows […]

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Will Solar Powered Refrigeration Come Of Age In Vaccination Push?

The Covid pandemic, and now finally, the vaccination push across the world against the disease has put the spotlight firmly on the role distributed solar products, particularly Solar refrigeration could play. In the African continent, with almost 600 million people off the grid and  many more without access to the kind of exacting cooling requirements […]

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AES Commissions Alamitos Energy Storage Facility in Long Beach, California

Fluence Battery Storage System Will Increase the Delivery of Reliable, Sustainable Energy for Southern California Customers The AES Corporation has commenced operations of the Alamitos battery energy storage system (BESS), one of the world’s largest battery storage systems in operation today. The BESS, a stand-alone energy storage facility for local capacity, will provide up to 400 […]

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Lightsource bp Acquires 1.06 GW Solar Portfolio of RIC Energy in Spain

Lightsource bp has acquired a 1.06 gigawatt (GW) solar project portfolio distributed across Spain from RIC Energy Lightsource bp, a global leader in the development and management of solar energy projects, has acquired a 1.06 gigawatt (GW) project portfolio distributed across Spain from RIC Energy, a global developer of PV projects. Lightsource bp and RIC […]

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Power Insights from China For 2020-Surge for Wind, Solar, Consumption Up 3.1%

On January 19, China’s National Energy Administration (NEA) released data on electricity consumption for the full year (2020). And the numbers are surprising, in more ways than one. The big surprise of 2020 was the newly installed capacity of power sources. At 190.87 million kilowatts, these included 13.23 million kilowatts of hydropower, 71.67 million kilowatts […]

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EDF-R Announces Commercial Operation of Maverick 1 and 4 Solar Projects

EDF-R has begun commercial operation of the Maverick 1 (173.4 MWdc) and Maverick 4 (135.9 MWdc) solar projects in California EDF Renewables (EDF-R) North America has announced the completion and commercial operation of the Maverick 1 (173.4 MWdc) and Maverick 4 (135.9 MWdc) solar projects in California. Maverick 1 provides 125 MWac of electricity to […]

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FTM Storage Costs to Decline 30% by 2025 in Asia Pacific: WoodMac

All-in FTM battery storage system costs in Asia Pacific markets could decline by more than 30 percent by 2025, as per Wood Mackenzie. All-in front-of-the-meter (FTM) battery storage system costs in Asia Pacific markets could decline by more than 30 percent by 2025, according to research and consultancy firm Wood Mackenzie. Storage system prices fell […]

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US to Deploy 50 Million EVs by 2030, Accelerating EV Adoption

The Rocky Mountain Institute (RMI) has released a report, ‘Racing to Accelerate Electric Vehicle Adoption: Decarbonizing Transportation with Ridehailing’. The Report gives insights into the Decarbonization goals of the US. As the race is on to deploy over 50 million electric vehicles (EVs) in the United States in the coming ten years. That will put […]

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