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Solar Bids Below Rs 2? BCD Holds Up Solar Tariffs In India

Even as prices of China-made solar cells and modules continue to slide to unprecedented lows, power consumers are likely to benefit only partially, thanks to the Basic Customs Duty (BCD) of 40 percent that the government has on module imports, besides the 25% on solar cell imports. While the drop in prices is welcome to […]

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Pexapark Infused with Funding Worth €20m in Series C Round

Pexapark, a Switzerland-based firm that helps make PPAs for renewables, has been injected with funding worth €20m in Series C round. The fresh funding round was led by Telstra Ventures, a global investor in technology. It also saw participation from Swisscom Ventures and the A&G Energy Transition Tech Fund. “This fresh injection of capital takes […]

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Solar Power Costs Dipped 87% Globally In Last 10 Years: Study

A recent report by the Mercator Research Institute on Global Commons and Climate Change claimed that the cost of electricity from solar power globally has fallen by 87 percent in the last 10 years. At the same time, the cost of battery storage plummeted by 85 percent during the same period.  The recent innovation in […]

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EIB’s €200 Million Loan To CTP To Finance Its Ambitious Solar Energy Roll-Out

European renewable energy conglomerate CTP has announced that it has secured €200 million in financing from the European Investment Bank (EIB) for the roll-out of its large-scale programme of solar panel installation across its European business park portfolio. CTP is Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable […]

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Green RTC Power Possible At Rs 6/unit If Green Hydrogen Is Used For Storage: Singh

Union Minister for New & Renewable Energy RK Singh said that round-the-clock (RTC) renewable energy would cost about Rs 6 per unit if Green Hydrogen is used for storage. He was speaking at the Special Ministerial Session of the Fourth International Conference & Exhibition on Clean Energy in New Delhi today. Singh said that the […]

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Shakti Pumps Secures Order for 10,000 Pumps from UP Govt

Shakti Pumps Ltd has secured a letter of award to the tune of INR 293 crore from the Department of Agriculture, Uttar Pradesh. The order is for 10,000 pumps. “Shakti Pumps (India) Limited has received Letter of Award under PM- KUSUM III scheme under component-B from Department of Agriculture, Uttar Pradesh for 10,000 pumps,” Shakti […]

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ENEL Adds Battery Storage As Texas Grapples With Extreme Demand Swings

Enel North America, a key energy utulity in the US and Canada, has more than tripled its operational utility-scale storage capacity this summer by bringing five new battery energy storage systems (BESS) online in Texas. The new batteries add over 369 MW / 555 MWh of dispatchable energy storage to the Texas power grid, helping increase grid […]

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Battery Swapping Can Reduce EV Costs Drastically: Kavinder Khurana, MD, TeslaPower

Why Tesla Power USA invested in India. How much potential do you see here? Tesla Power USA is a United States (US)-based entity. It has invested heavily in battery rejuvenation technology. The company was launched in India in September 2021. Globally, it operates in 18 countries. It includes four countries in Latin America, seven in […]

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