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US Continues to Break Storage Records, With 5.5 GWh Added In Q2 2023

A report from Wood Mackenzie and the American Clean Power Association states that the U.S. added 5,597 MWh of energy storage in Q2 2023, a new quarterly record. The storage boom has been fueled by a sharply rising share of renewable energy, as well as incentives at state level as well as now, through the […]

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Serentica Renewables Gets Capital Infusion of INR 3000 Cr from REC

Serentica Renewables, a C&I focused renewable energy developer in India, has announced the completion of INR 3000 crores of debt funding from REC Limited – one of India’s largest power sector lenders. REC’s support is expected to assist Serentica in developing its hybrid renewable energy projects coming up in Karnataka. The company is setting up […]

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Sterlite Power Acquires Beawar Transmission Limited Project from REC

Sterlite Power, a power transmission developer and solutions provider in India and Brazil, has announced the acquisition of Beawar Transmission Limited, a Special Purpose Vehicle (SPV) from REC Power Development and Consultancy Limited- a wholly owned subsidiary of Rural Electricity Corporation. The project was awarded to Sterlite Power through the Tariff Based Competitive Bidding (TBCB) […]

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REC Limited Funding Push Continues With Deals For Serentica, GreenKo

REC Limited, a Maharatna PSE and the subsidiary firm of Power Finance Corporation is among the key govt.owned NBFCs mandated for enabling national goals. The firm has been very active of late.  REC had hosted the Green Finance Summit in July 2023 on the side lines of G20, where one-on-one discussions with RE developers were […]

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RECPDCL Issues Tender to Evacuate 20 GW Renewable Energy in Rajasthan

RECPDCL (REC Power Development Consultancy Limited), a wholly-owned subsidiary of REC, has issued a tender for the selection of a transmission service provider via tariff-based competitive bidding process to set up an ISTS (Interstate Transmission State) for evacuating 20 GW power from Rajasthan’s Renewable Energy Zones (REZ) under phase-III, part I. The last day to […]

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Large RE Market A Boon For India: Anadi Iyer, India Director, Fraunhofer

How is Fraunhofer’s helping the renewable energy sector in India? Fraunhofer works around science and engineering, whether it is renewable energy, production technologies, material science, smart cities, smart manufacturing, and artificial intelligence, etc. We can make solar cell battery storage systems of high quality. We are also working on several technologies simultaneously, like thins cells. […]

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Adani Wind Receives Certification For India’s Largest Turbine

Adani Wind, the wind energy solutions division of Adani New Industries Limited (ANIL), announced that its 5.2 MW Wind Turbine Generator (WTG), which is India’s largest, has received type certification from WindGuard GmbH. The certification enables Adani Wind to start series production for global markets. The certification under IEC System for Certification to Standards Relating […]

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