IBM acquires Prescinto for renewables asset performance management
Prescinto is a software-as-a-service (SaaS) platform to manage and optimize the end-to-end operations of renewable energy assets. Its acquisition will enhance the capabilities of IBM’s integrated solution for asset lifecycle management.
“India will be the fastest-growing renewable energy market among large economies through 2030,” says IEA
The International Energy Agency projects India’s annual renewable energy capacity additions to more than quadruple from 15 GW in 2023 to 62 GW in 2030.
GAIL, AM Green sign MoU for 2.5 GW of renewable energy projects
GAIL and AM Green have signed an agreement to jointly explore setting up of solar-wind hybrid projects to ensure round-the-clock supply of renewable energy to end users.
“Battery energy storage market in India is on the cusp of unprecedented growth”
The next five years will witness a transformative shift in India’s energy landscape, positioning the country as a global leader in energy storage innovation, says Saurabh Kumar, vice president-India, GEAPP (Global Energy Alliance for People and Planet), in an interview with pv magazine.
Avaada Group commits $12 billion to renewables, storage in Rajasthan
Avaada Group plans INR 1 lakh crore ($12 billion) investment to set up a 1.2 GW pumped hydro storage project, a 1 mtpa green ammonia project, a 1 GW wind power project, and a 10 GW solar power project in Rajasthan.
Adani Green, TotalEnergies sign 1,150 MW AC joint venture agreement
As part of the joint venture, TotalEnergies invested $444 million for acquiring 50% stake in Adani Green Energy Ltd’s projects located at the world’s largest renewable energy plant in Khavda, Gujarat
Sustainiam to manage end-to-end I-REC process for Brookfield’s 400 MW of renewable assets
Sustainiam, a carbon management startup, announced it has onboarded Brookfield’s 400 MW of renewable assets for the registration, issuance, and trading of International Renewable Energy Certificates (I-REC). This portfolio primarily consists of wind assets. The 400 MW portfolio, now being processed for I-REC registration through Sustainiam’s issuance and trading platform, will enable Brookfield to tap into […]
Datta Infra secures INR 1,500 crore REC loan to develop 500 MW of renewable energy projects
Adyant Enersol, a wholly-owned subsidiary of Datta Infra, has signed an agreement with REC for financing of 500 MW of renewable energy projects.
Tata Power Renewable Energy secures 400 MW hybrid wind, solar project from MSEDCL
Tata Power Renewable Energy Ltd has secured a Letter of Award to develop a 400 MW wind-solar hybrid project for power supply to the Maharashtra State Electricity Distribution Co. Ltd. The project includes original contracted capacity of 200 MW along with the greenshoe option for an additional 200 MW capacity.
SECI launches 2 GW/8 GWh renewables-plus-storage tender
Solar Energy Corp. of India (SECI) is accepting bids to set up 2 GW of renewable energy projects backed with energy storage systems for assured peak supply of 8 GWh (2 GW x 4 hours). Bidding closes on Oct. 14.
