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Battery Storage Era: 5 Reasons BESS Is Supercharging the RE Revolution

Among many things, 2024 will probably remain a marker for the momentum it built up for Battery Energy Storage Systems (BESS). So sharp has been the pick up here that even countries like the UK which had special focus on Pumped Hydro Storage (PSP) have changed rules in recent weeks to allow BESS projects to […]

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Shakti Pump Secures Land To Setup Solar Cell, Module Manufacturing Facility

Madhya Pradesh-based solar pump company, Shakti Pumps, has recently secured land for setting up a solar cell and PV module manufacturing facility using wafers as input material. The company announced this development in a regulatory filing, stating, “Madhya Pradesh Industrial Development Corporation Limited (MPIDC) has sanctioned 113 acres of land to our wholly owned subsidiary, […]

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Vietnam’s Threat To Go Back On Tariff PPA’s Sends Chills Through Developers

Vietnam’s decision to retroactively revise subsidised pricing rules for wind and solar energy has raised concerns among stakeholders in the industry, especially foreign investors. The move comes after Vietnam blew past its renewable addition targets between 2020-23 on the back of a generous Feed In tariff mechanism that made projects much more lucrative in the […]

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Australia Set for Solar With 8 Hour BESS Backup

Australian Infrastucture investor Quinbrook Infrastructure Partners, has announced plans to pioneer a global market first in advanced long duration energy storage solution developed in a technical collaboration with CATL, the world’s leading battery energy storage system (BESS) manufacturer. The groundbreaking storage solution, believed to be the world’s first genuine 8-hour battery at more than double […]

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SECI’s 630 MW FDRE Project Moves Ahead With Adoption of Tariff

A journey that started in September 2023 through the issue of a tender for Renewable energy with energy storage for 1260 MW of Firm and Dispatchable Power (FDRE) has moved a step closer to fruition with the adoption of Tariffs by the CERC. The five winning firms in the tender had finally been awarded capacities […]

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Green Stocks March 6: Stocks Make The Most of Market Recovery

As the markets continued their second day of strong recovery, green stocks made the most of it as you can see. Even stocks that did not really jump today, like Adani Green, are coming off a great day yesterday when they rose as much as 10%. The standout exception of course is Gensol Engineering, which […]

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India’s Surge In Tendered Capacity Of RE Projects faces Multiple Risks

India’s two consecutive years of record renewable energy tendering capacity has placed the country on a record capacity addition trajectory. With tenders equaling 73 GW  in 2024 versus 58 GW in 2023, the numbers have surpassed even the central government’s own targets of 50 GW per year. These are among some of the findings of […]

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Green Stocks March 5: Market Breaks Streak, Sees Recovery

Today, the Indian green stocks made a recovery from losses made over the past weeks. Waaree Renewable Technologies made the most gain in the green stock pact, with 11.2% gain, followed by Adani Green which gained 10.59%. This is followed by Shakti Pumps and Acme Solar, which saw a 5% rise in their stock prices. […]

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