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renewable energy investment

EDP To Add Battery Storage To Floating Hydro-Solar Hybrid Plant In Portugal

Hybrid renewable energy projects are on the rise the world over and in the latest addition to this expansion is the combination of a hydropower and floating solar power in Portugal. The Portuguese utility firm Energias de Portugal (EDP), which has developed the hybrid project, has announced that it will add an energy storage system […]

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HPX Crosses 100 MUs Of Traded Power In Month 1

The newly launched Hindustan Power Exchange Ltd. (HPX), that commenced operations on July 6, has made a bright start with the exchange claiming a 37% market share of the ‘contingency trading’ market within a fortnite of its launch. Promoted by PTC India Ltd, Bombay Stock Exchange, and ICICI Bank, it crossed the100 MUs mark on […]

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Karnataka Milk Cooperative Tender For 100 MW Open-Access Solar Project

Karnataka Cooperative Milk Producers Federation (KMF) has invited bids for 100 MW of open-access solar power projects under the group captive model.  The last date for submitting the bid for this 100 MW solar power project is August 16, 2022, and bids will be opened on August 18, 2022. This 100 MW of KMF (Karnataka […]

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Battery Player Brill Power Raises $10.5 Million Series Funding

UK-stated battery management and control technology developer, Brill Power has announced the conclusion of its Series A round raising $10.5 million today (July 20th, 2022). This $10.5 million investment will be used by Brill Power to further its goal of developing batteries that are smarter, cleaner, safer, and longer-lasting as a crucial component of the […]

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Central Govt Lifts Curbs To Allow CPSEs To Import RE Material From China

NTPC and other such Central Public Sector Enterprises have finally got a level playing field with private sector companies and can now import from China the materials needed in renewable projects. In a major announcement, the Central government has lifted the curbs imposed on them in 2020 to stop procurement of items from countries involved […]

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Assam Gets Its First Utility Scale Solar Plant

Assam Chief Minister Himanta Biswa Sarma has launched a 25 MW solar power project in Lalpul at Udalguri district. Built at a cost of Rs 300 crore, the plant will benefit 65,000 villagers. The project was established on ‘build, own, operate’ model under Assam Solar Energy Policy 2017. Addressing the villagers and the guests on the […]

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India’s RE Capacity Stands At 114 GW Till June, 61 GW Short Of 2022 Target

The Members of Parliament were separately informed by the Ministers of New and Renewable Energy in the Parliament on July 19 that India’s renewable energy capacity (excluding large hydro) stood at 114.07 GW till June-end this year, while 60.66 GW of projects are under various stages of development. India has set a target of having […]

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Hindalco, Phinergy And IOP Forge Partnership For Development Of Aluminium-air Batteries

Metal major Hindalco Industries Ltd has signed an MoU with Israel based battery maker Phinergy and IOC Phinergy Private Ltd (IOP). This collaboration will pave the way for Phinergy and IOP to work with Hindalco in India for R&D and pilot production of aluminium plates for Aluminium-Air batteries. It will facilitate recycling of aluminium, following […]

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AP Identifies 29 Locations For 33 GW PSP Projects

Andhra Pradesh has identified about 29 locations across the state for development of Pumped Hydro Storage Projects (PSP) totaling the capacity of 33 GW in 1.45 lakh acres of land in Kadapa, Kurnool, Anantapur districts. Rolling out the PSP projects, Non-Conventional Energy Development Corporation of Andhra Pradesh Limited will help lease around 5 lakh acres […]

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