Premier Energies IPO to open for subscription from Aug. 27
Premier Energies intends to use INR 968.6 crore from the net proceeds to part-finance the establishment of a 4 GW TOPCon solar cell and module manufacturing facility in the Hyderabad district of the Indian state of Telangana. Amount not exceeding 25% of the gross proceeds will be utilized for general corporate purposes.
ABB surpasses 10GW milestone in delivering automation solutions for renewable energy plant in India
ABB’s programmable logic controller-based automation solutions are now catering to more than 10 GW of renewable energy plants, including solar, wind and battery energy storage systems.
Maharashtra launches 300MW/600 MWh battery storage tender
Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) is accepting bids to set up 600 MWh (300 MW x 2 hours) of standalone battery energy storage systems (BESS) on a build-own-operate (BOO) basis in Maharashtra. It will enter into a battery energy storage purchase agreement (BESPA) with the successful bidders.
Zelestra secures PPA with NTPC for 450 MW solar project in Rajasthan
Spanish developer Zelestra (earlier known as Solarpack) has secured a 25-year power purchase agreement for its 450 MWp solar project in the Indian state of Rajasthan.
Exide Industries invests INR 75 crore in lithium battery arm
Exide Industries Ltd has invested INR 74.99 crore in lithium battery arm Exide Energy Solutions by way of subscription to the equity share capital on rights basis.
The Hydrogen Stream: SECI invites proposals to develop green hydrogen hub infrastructure
Solar Energy Corp. of India (SECI) has invited proposals to develop the core infrastructure required for setting up of green hydrogen hubs under the National Green Hydrogen Mission. Bidding closes on Oct.7.
Genus Power wins advanced metering infra orders worth INR 3,608.52 crore
With these additions, Genus Power Infrastructures’ total order book, including all special purpose vehicles and the GIC Platform, stands at about INR 28,000 crore (net of taxes).
Epcogen secures contract for Highview Power’s liquid-air energy storage project in UK
Epcogen will provide multi-discipline engineering activities for Highview Power’s first large-scale liquid-air energy storage project in Manchester, UK.
Ciel & Terre, Amplus complete 4.1 MWp floating solar installation for Ultratech Cement
Ciel & Terre India and Amplus KN One Power have completed a 4.096 MWp floating solar installation for captive consumption by UltraTech Cement’s Awarpur unit in Maharashtra.
Battery storage costs must fall by 15% per year to avoid new coal capacity additions after 2030 in India
If battery energy storage costs fall 15% every year on an average, it would enable India to potentially limit its coal capacity to the 14th National Electricity Plan projection of 260 GW by 2032, says a new report by global think tank Ember and TERI.
