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Electricity Market

Survey Highlights Easy Ride For The Richest On Carbon Emissions

The global greenhouse gas emissions averaged 6.7 metric tons of CO2 equivalent (MtCO2e) per person in 2023. Reducing individual carbon footprints has become a central focus of sustainable development, particularly with the growing shift toward renewable energy. The push to cut emissions at the source has also introduced mechanisms like carbon markets, aimed at distributing […]

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81% of RE Additions In 2023 Were Cheaper Than Fossil Fuels: IRENA

Renewables remain competitive despite fossil fuel prices returning closer to historical cost levels, concludes Renewable Power Generation Costs in 2023, released by the International Renewable Energy Agency (IRENA) at the Global Renewables Summit during the UN General Assembly in New York today. Of the record 473 gigawatts (GW) added in 2023, 81% or 382 GW […]

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Delectrik Wins 3 MWh Battery Energy Storage Project From NTPC

Gurugram-based Delectrik Systems, a flow battery OEM, won a tender from NTPC for its NETRA division (NTPC Energy Technology Research Alliance) to deploy a 3 MWh Vanadium Redox Flow Battery (VRFB) based Battery Energy Storage System (BESS). NETRA is deploying this VRFB as long-duration energy storage (LDES) to augment the storage capacity of its microgrid […]

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Sustainiam Onboards 400 MW Portfolio Of Brookfield Assets In India

Sustainiam, a climate tech startup, and a carbon management solutions provider, onboarded 400 MW of renewable assets from Brookfield, a global renewable energy provider, for the registration, issuance, and trading of International Renewable Energy Certificates (I-REC). This portfolio primarily consists of wind assets, to help Brookfield expand its renewable energy capabilities in India and beyond. […]

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ICRA Sees FDRE, RTC Projects As Key Drivers Of India’s RE Growth

A recent report by the Investment Information and Credit Rating Agency (ICRA) foresees a rise in renewable energy capacity in the next six years in India. It is estimated that the share of renewable energy (RE), plus large hydro, in all-India electricity generation, will increase to over 35% in FY2030 from 21% in FY2024. ICRA […]

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Head- Front Office

As Head of Front Office, you’ll report to Vice President-Market Operations, India and would be working with Statkraft Markets which is responsible for commercial activities and operations for Statkraft’s assets/portfolios in India. Statkraft Market’s mandate is to optimize assets revenues, grow, operate, and manage profitable portfolios of structured power transactions and develop business ideas which can be asset […]

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Coming Soon: World’s Largest 16 Gwh Supercap Energy Storage Facility

Dubai based supercap energy storage manufacturer Enercap Holdings and Abu Dhabi based Apex Investments PSC, a leading diversified investment holding company have formed a joint-venture to build 16GWh per year manufacturing capacity of supercap energy storage, a cutting-edge technology with features that surpass the current lithium-ion technology we commonly see. The joint venture is set […]

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Uttarakhand Proposes To Hike Rooftop Solar Tariffs

The Uttarakhand Energy Regulatory Commission (UERC) has proposed increasing the generic tariffs for rooftop solar and small-scale solar plants for the financial year 2024-25. The state power regulator has also issued a draft paper and invited stakeholders to submit their views and objections by September 30. In its proposal, UERC cited lower solar module prices […]

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AMPIN Energy, Sumitomo Collaborate To Boost RE In India

Sumitomo Corporation has established AMPIN C&I Power Private Limited, in cooperation with AMPIN Energy Transition Private Limited. The joint venture (JV) will be owned 51% by AMPIN and 49% by Sumitomo. The allocated funds will be used for the development, construction, and operation of State Transmission Utility (STU) connected projects providing renewable energy to Commercial […]

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