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IN an analyst call after its Q4 results , the Indian Energy Exchange (IEX) shared that on the power sector front, electricity consumption during Q4 FY ’24 recorded 415 billion units, which is an increase of 3.7% on a year-on-year basis. States such as UP, Maharashtra, Gujarat, MP, Rajasthan, Karnataka, and Tamil Nadu remained drivers […]
NTPC Green Energy Limited (NGEL) has invited bids for an EPC package to develop a 250 MW/1000 MWh battery energy storage system (BESS) at NTPC Kayamkulam in Kerala. Bids are open until June 3, 2025. The tender requires the selected bidder to undertake engineering, procurement and construction (EPC) activities on a turnkey basis, including forwarding, […]
India’s Standalone Energy Storage Systems (ESS) are becoming the backbone of India’s utility-scale ESS auctions, accounting for 64% of the total tenders issued between January and March 2025 alone, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics. The report finds that various Indian […]
Gujarat Urja Vikas Nigam Ltd (GUVNL) has awarded its latest 500MW/1000MWh Battery Energy Storage System (BESS) projects to Solarworld Energy Solutions Limited and HG Infra Engineering Ltd at tariffs ranging from ₹2.80 lakh to ₹2.85 lakh per MWh per month. The newly discovered tariffs are about 25% lower than the previously discovered L1 rate of […]
Leading industry body IESA (India Energy Storage Alliance) has projected that India’s energy storage sector is poised to expand fivefold between 2026 and 2032. At the 5th Edition of Gujarat’s Stationary Energy Storage India (SESI) 2025, industry leaders expect INR 479 thousand crore investment in energy storage by 2032 to further boost this growth and […]
Union Minister of State for New and Renewable Energy Shripad Yesso Naik, in his latest statement before the Parliament, indicated that the Renewable Energy Certificates (RECs) have seen an upsurge. He attributed this surge to the changes in policy, which have made it more favorable for the power distribution companies (discoms) in the state. He […]
India has ambitious goals to install 450 GW of renewable energy (RE) capacity by 2030. Even though India has an impressive track record of quickly deploying renewable RE generation assets, the share of RE (excluding large hydro) in total generation continues to be low (13.75 percent) hindering grid decarbonization. The generation-installation gap can be addressed […]
Telangana has awarded its 500 MWh with a standalone Battery Energy Storage System (BESS) project tender at a tariff in the range of Rs. 2.40-2.45 lakh/MW/month. This is one of the first tenders released by Telangana Genco (TGGENCO) for a 500 MWh (250 MW x 2 hours) project. TGGENCO issued the tender with Viability Gap […]
Tamil Nadu Generation and Distribution Corporation Limited (TNEGCL) has issued a tender for the development of 500 MW/1000 MWh battery energy storage projects under the Build-Own-Operate (BOO) model. The tender includes six standalone Battery Energy Storage Systems (BESS) of 1000 MWh (500 MW x 2 hours) to facilitate “on-demand” energy storage through tariff-based competitive bidding […]
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