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Profit Uncertainty Holding Back Europe’s BESS Growth: Rystad Report

A recent research report on battery storage energy systems (BESS) by Rystad Energy claimed that the profit uncertainties in Europe have held back the growth of BESS. According to the latest research, which analyzes day-ahead power prices in Europe for 2023, Bulgaria (BG), Italy (NORD) and Hungary (HU) offer the highest profit potential for BESS […]

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Wind Energy Takes Centre Stage at COP28

COP28, being held in Dubai, has served as an ideal platform seeing major wind firms and countries join hands on noteworthy agreements on the setting up of wind farms. These agreements run into several gigawatts.  1 GW TotalEnergies AoI On the COP28 platform, French firm, TotalEnergies has entered into an agreement on investment (AoI) with […]

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Gujarat Fuels Renewable Energy Capacity Goals by Partnering with International Firms

Gujarat has signed various MoUs with the intention of accelerating the realization of its renewable energy capacity goals. The state has joined hands with Australia-based MeOH Giga Battery and Australian Premium Solar Pty Ltd. Australian Premium already has a manufacturing unit in Gujarat to give an impetus to its renewable energy capacity goals. Indian firms […]

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Rise In Renewables In Europe Can Curb Up to 67% Emissions: Report

A recent event by Wood Mackenzie shared an analysis on the current growth in Europe’s flexible renewable energy. The report finds that, European power market will see its carbon intensity plummet. It accredits this rise with the change in ambitious climate-energy policies. Moreover, it finds that, flexibility to be key to enable this change, according to […]

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Tata Power Renewable Energy Gets LoA For Supply of 200 MW From SJVN

Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has received a Letter of Award (LOA) for developing a 200 MW Firm and Dispatchable Renewable Energy (FDRE) project with SJVN Limited (SJVN). SJVN is an Indian public sector undertaking (PSU) involved in hydroelectric and renewable power generation and transmission. It […]

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HPCL Tender Seeks Developer for 78 MW Renewable Energy

Hindustan Petroleum Corporation Limited has issued a tender for the supply of 78 MW of renewable energy under long-term open access from projects located anywhere in India. The developer selected in the HPCL tender will be responsible for supplying power to HPCL’s refinery in Mumbai. The last day for the submission of bids for the […]

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Tata Power Claims To Install 62,000 Home Chargers For EVs Till Now

TATA Power, recently announced addition of 11,529 new Electric Vehicle (EV) home chargers in the second quarter of FY24. This brings the total count of Tata Power home EV Chargers to 62,000 across India. Tata Power claims that its home EV charging solutions enhance, convenience and accessibility of EV charging for Tata Power EZ Charge’s customer […]

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Early Stage VC SeaFund Invests in 5 DeepTech Startups 

Early stage focused Seafund Ventures has invested INR 5 crore across five sustainability focused startups. The fund plans to invest 20% of its entire investible corpus in clean energy and the EV value chain including sectors like transportation, logistics and circular economy. SeaFund is currently raising its second fund with a target corpus of INR […]

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