Gensol Engineering Ltd, in collaboration with Matrix Gas and Renewables, has emerged as a winner bidder for 237 MW of annual electrolyzer manufacturing capacity under the government’s production-linked incentive (PLI) scheme. With this, it has secured a cumulative 300 MW capacity under the PLI tender launched by Solar Energy Corp. of India (SECI), including 63 MW awarded in the first round.
Ratings agency Crisil expects India’s renewable energy (RE) storage capacity to surge 6 GW by fiscal 2028 driven by a healthy pipeline and government push towards renewables boosting adoption.
The choice between distributed and utility-scale solar often comes down to balancing these benefits based on the specific context, goals, and constraints of a project or region. In the Indian context, a balanced approach that leverages the strengths of both models is essential.
Advait Infratech has signed a technology licensing agreement to gain access to Guofu Hydrogen Energy’s technology for alkaline electrolyzer production.
Tata Power has signed an agreement with the state government of Maharashtra to develop two large pumped hydro storage projects with a combined capacity of 2.8 GW in the state.
Uttar Pradesh Power Corp. Ltd (UPPCL) has invited bids from developers to set up 1,200 MWh (300 MW x 4 hours) of standalone battery energy storage systems for on-demand use during peak and off-peak hours. It will enter into a battery energy storage purchase agreement with the successful developers.
Advait Infratech has reported a net profit (profit after tax) of INR 583.16 lakh in the April-May-June quarter of FY 2024-25, around 300% increase over INR 146.48 lakh profit for the corresponding period of the last fiscal.
Gujarat State Electricity Corp. Ltd has secured a power purchase agreement with Gujarat Urja Vikas Nigam Ltd for its 35 MW solar PV with 57 MWh battery energy storage project.
Amazon has partnered with Gentari to deploy more three-wheeler electric vehicles for Amazon deliveries.
Avaada Group has signed an agreement with the Government of Maharashtra for the development of two pumped storage projects with a combined capacity of 2.75 GW in Maharashtra.
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