SJVN has invited bids from renewable energy developers to supply 1.2 GW of firm and dispatchable power from RE projects with energy storage system, with greenshoe option of additional capacity up to 1.2 GW.
Japan has allocated 93 MW of PV capacity in its latest procurement exercise. The lowest bid for a 1.9 MW solar project came in at JPY 4.5 ($0.029)/kWh, while the average final price was JPY 6.8/kWh.
Vedanta Nico will be the preferred nickel supplier to US-based battery innovator Aesir Tech to develop nickel-zinc batteries for electric vehicles.
BluPine Energy has secured $28.6 million from a Tata Capital led banking consortium to finance its 75 MWp solar project in the Indian state of Chhattisgarh.
Gensol Engineering has secured engineering, procurement and construction contract for an INR 463 crore solar plant at Khavda RE Power Park. The project was awarded by a leading private-sector power producer.
JSW Neo Energy has received a letter of intent from Gujarat Urja Vikas Nigam Ltd to set up a 192 MW grid-connected hybrid wind-solar power project, including an additional 96 MW under the green shoe option.
REC has reported total income of INR 13,037 crore and net profit of INR 3,442 crore for April-May-June quarter of FY 2024-25.
Tata Power Solar Systems has partnered with Bank of India to provide affordable and easy financing solutions for its customers looking to invest in rooftop solar or electric vehicle (EV) charging infrastructure.
The winning developers will set up renewable energy projects backed with energy storage system to supply a cumulative 630 MW of firm and dispatchable renewable power in a demand-following manner.
Sterling and Wilson Renewable Energy Ltd has secured the EPC contracts for a 1 GWh standalone battery energy storage project in Rajasthan and a 20 MW floating solar plant in Karnataka.
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