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Home2024February

Month: February 2024

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Miscellaneous

Discom losses reduced by 65 per cent in the last 18 months: R.K. Singh

February 9, 2024

The Union Minister for Power and New and Renewable Energy announced that the implementation of the Electricity (Late Payment Surcharge and Related Matters) Rules, 2022 has significantly improved the financial health of power distribution companies […]

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Miscellaneous

India installs over 295,000 solar water pumps for farmers under PM-KUSUM scheme

February 9, 2024

The Union Minister for Power and New and Renewable Energy in a written reply to a question in the Lok Sabha announced that over 295,000 standalone off-grid solar water pumps have been installed across India […]

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Regulations

Tamil Nadu releases draft guidelines on management of wind and solar power curtailment

February 9, 2024

The Tamil Nadu Electricity Regulatory Commission (TNERC) has released comprehensive draft guidelines to manage the curtailment of wind and solar power generation in the state. The move comes amid increasing renewable capacity and aims to […]

Knowledge Bank

GH2 Policy Toolkit for Developing Countries: Report

February 9, 2024

The report “GH2 for sustainable industrial development: A Policy Toolkit for Developing Countries” by IRENA reframes the prevailing narrative by shifting its focus away from the role of developing countries as producers and exporters in the […]

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International News

RWE, PPC to build 432 MW solar farm in Greece

February 9, 2024

RWE and PPC, through their joint venture company Meton Energy, have made a final investment decision on the construction of the Orycheio Dei Amynteo solar farm situated in Western Macedonia, Greece. The solar farm with […]

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International News

Trina Storage to supply BESS for solar farms in the UK

February 9, 2024

Trina Storage, a business unit of Trina Solar, has secured a deal to provide battery energy storage systems (BESS) for four UK sites operated by Low Carbon. The systems will deliver approximately 190 MWh of […]

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International News

RP Global to construct 50 MW solar project in Croatia

February 8, 2024

RP Global, a European renewables developer, sets forth to build a 50 MW solar farm in southern Croatia, according to the country’s ministry of economy and sustainable development, which received the project’s modified environmental impact […]

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International News

Amazon and Vena Energy announce 125 MW solar project in Queensland

February 8, 2024

Amazon.com Inc., the US technology and e-commerce company, has agreed to buy power from a 125 MW solar park in Queensland, Australia, that was recently commissioned by Singapore’s Vena Energy. The Wandoan South solar farm […]

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Financings

Gensol Engineering secures Rs 9 billion in equity through preferential round

February 8, 2024

Gensol Engineering Limited has successfully secured a substantial Rs 9 billion in equity capital through the issuance of convertible warrants on a preferential basis. The equity capital infusion witnessed involvement from both global and domestic […]

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Policies and Programmes

Government unveils financial support programme to aid CBG producers for purchase of BAM

February 8, 2024

The Indian Government has sanctioned a programme to offer financial aid to compressed bio gas (CBG) producers. The scheme aims to facilitate the acquisition of Biomass Aggregation Machinery (BAM), supporting the collection of biomass. The […]

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Regulations

MoP amends bidding guidelines for renewable energy to streamline project commencement

February 8, 2024

Ministry of Power (MoP) has introduced amendments to renewable energy bidding guidelines, transforming the competitive bidding process for grid-connected projects with energy storage. The update centers on enhancing Clause 14.3 to specifically tackle delays in […]

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Projects

SJVN issues tender for 1,500 MW wind-solar hybrid projects

February 8, 2024

SJVN Green Energy Limited has issued a request for proposals for the selection of developers for developing 1,500 MW inter-state transmission system connected wind-solar hybrid projects. The projects will be located in India. According to […]

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International News

Cubico and Storaltil create 1 GW Italian battery energy storage joint venture

February 7, 2024

Cubico Sustainable Investments, a British renewables investor, and Storaltil Srl, an Italian company, have formed a joint venture (JV) to construct more than 1 GW of battery energy storage system (BESS) projects in Italy. According to the […]

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International News

Equinix signs 151 MW renewable energy PPA with TagEnergy in Australia

February 7, 2024

Equinix, a digital infrastructure company, has signed a power purchase agreement (PPA) with TagEnergy for 151 MW of clean energy from the 1.33 GW Golden Plains wind farm in Australia. The PPA will help Equinix […]

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Miscellaneous

IEX energy market update for January 2024

February 7, 2024

Indian Energy Exchange (IEX) recorded a 26.1 per cent year-on-year (YoY) increase in growth, attaining a total volume of 10,893 million units (MUs). This also includes 1.52 million renewable energy certificates (RECs) equivalent to 1,520 […]

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Financings

Snap-E Cabs secures $2.5 million in pre-series A funding round

February 7, 2024

Snap-E Cabs, an electric vehicle (EV) ride-hailing platform, secures $2.5 million in Pre-Series A funding, led by Inflection Point Ventures. The company intends to use the funds to recruit skilled personnel for supporting expansion, upgrade […]

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Projects

Waaree bags 335 MW solar EPC project

February 7, 2024

Waaree Renewable Technologies Limited has been granted a letter of award by an undisclosed domestic entity to establish a 412 MWp (335 MW AC) solar power facility on a turnkey basis.  The company’s scope of […]

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Projects

NTPC invites bids for 1,000 MW wind-solar hybrid project

February 7, 2024

NTPC Renewable Energy Limited (NTPC REL) has issued a request for proposals to select hybrid energy generators for the delivery of power from 1,000 MW inter-state transmission connected wind-solar hybrid projects, tranche-V, with or without […]

Transmission Infrastructure for Renewables

Augmenting Capacity: Utilities focus on upgrading substations to enable renewables integration

February 6, 2024

The demand for substations is growing rapidly in the country, driven by the expansion of the transmission and distribution (T&D) network and the growing integration of renewable energy. Various government schemes have been formulated to […]

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International News

Alcemi wins planning permission for 1.5 GW BESS projects in Scotland

February 6, 2024

Alcemi, a developer of battery energy storage systems, has secured planning approval in Scotland for two battery energy storage system (BESS) projects totaling 1.5 GW. Alcemi is implementing the projects as a component of a […]

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