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Hindalco to Infuse INR 800 Cr for Battery Foil Manufacturing Facility

Hindalco Industries, the world’s largest aluminium rolling and recycling company, plans to significantly expand its manufacturing capacity of aluminium foil that is used in rechargeable batteries to serve the rapidly growing market for electric vehicles (EVs) and energy storage systems. The firm is investing INR 800 crore to build a new plant near Sambalpur in […]

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Convergence Energy Services Limited Calls Bus Operators for Supply of 3,600 E-buses

Convergence Energy Services Limited (CESL) has issued a Request for Proposal (RFP) for the selection of bus operator for procurement, supply, operation and maintenance of 3,600 electric buses and development of allied electric and civil infrastructure on Gross Cost Contracting under PM e-Bus Sewa. The online bid submission ends on December 14, 2023. The techno-commercial […]

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Rajasthan Biggest Beneficiary Of Renewable Energy Lending: Report 

A latest report by Climate Trends and the Centre for Financial Accountability (CFA) on the financing of coal and renewable projects claimed that Rajasthan remained the largest beneficiary of renewable energy lending in the country. The study assessed 68 project finance loans across 11 coal and renewable energy projects in India that reached financial closure […]

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Jamaica Public Service Issues Renewable Energy & Battery Storage Tenders of 298 MW

Jamaica Public Service Company Limited (JPS) has issued an RFS for the engineering, procurement, and construction services for a 115 MW utility-scale solar plant, a 171.5 MWh battery energy storage system, and a 12 MW wind plant. The projects will be set up in the Caribbean country. The BESS systems (battery energy storage systems) vary […]

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These Fashion Behemoths are Investing in 500 MW Wind Project of Bangladesh

Global fashion brands BESTSELLER and H&M Group are investing in Copenhagen Infrastructure Partners’ (CIP) first offshore wind project in Bangladesh. It is an offshore wind project for a capacity of 500 MW. Currently, it is in the phase of early-stage development by CIP in partnership with Summit Power, a firm that develops, owns and operates […]

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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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UAE’s Clean Energy Powerhouse Masdar Expands European Footprint With 1GW Portfolio

Masdar, the UAE’s clean energy powerhouse announced the acquisition of eight hybrid renewable energy projects, along with Taaleri Energia, a Finland-based renewable energy developer and fund manager, marking a significant expansion to both companies’ Polish renewable energy portfolios. The announcement was made on December 4, and follows a series of announcements by the government owned […]

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