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CEA clears two hydro pumped storage projects in Maharashtra

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The Central Electricity Authority (CEA) has cleared the 1,500 MW Bhavali PSP by JSW Energy and the 1,000 MW Bhivpuri PSP by Tata Power, adding over 15 GWh of energy storage capacity.  

For FY25, CEA aims to approve 15 hydro PSPs totalling 25,500 MW, with four projects already cleared. The renewable energy share in India’s power generation is expected to rise to 35 percent by FY30. Additionally, the Union Cabinet has approved a revised scheme for budgetary support of Rs 124.61 billion to develop infrastructure for hydroelectric projects. The scheme will cover projects with a combined capacity of 31,350 MW, set for implementation between FY25 and FY32.

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BW ESS acquires full stake in Penso Power

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BW ESS has acquired the remaining stake in Penso Power, integrating their engineering, project delivery, and commercial capabilities to enhance utility-scale energy storage worldwide. Financial details of the deal were not disclosed. Penso Power’s founders will join the merged entity’s senior management team. BW ESS’s acquisition adds over 2GW of Penso Power’s energy storage pipeline in the UK and Australia, increasing its total pipeline to 5GW across multiple regions. The companies are currently constructing the…

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UK secures £24bn in green energy investments

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The UK government has secured over £24 billion ($31.39 billion) in private investments for innovative energy projects ahead of the International Investment Summit on 14 October 2024. These investments are expected to create thousands of jobs and drive growth in the UK’s clean energy sector, spanning from Yorkshire to Suffolk, Aberdeen, and Stow. Key companies involved include Iberdrola, Ørsted, SeAh Wind, Macquarie, BW Group, and Holtec, with substantial commitments to renewable energy projects. Iberdrola’s subsidiary…

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Ukraine’s energy system braces for severe winter amid increased Russian attacks, IEA warns

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Ukraine’s energy infrastructure faces its toughest challenge yet as winter approaches, according to a new report by the International Energy Agency (IEA). Russian missile and drone attacks have increasingly targeted Ukraine’s generation and transmission assets, causing more sustained damage than in previous phases of the war. The report, titled Ukraine’s Energy Security and the Coming Winter, highlights the extensive damage and warns of a potential 6GW energy shortfall during peak demand, despite efforts to restore…

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Synergy begins installation of battery units at Collie BESS in Australia

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Synergy has started installing the first battery units at its 500MW/2GWh Collie battery energy storage system (BESS) in Western Australia. The project, valued at A$1.6 billion (USD 1.07 billion), will include 640 battery units and is scheduled to be operational by 2025. Once complete, the BESS will power 785,000 homes for four hours. The construction phase has generated 500 local jobs in Collie and supports the state’s energy transition plan, which aims to phase out…

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48 per cent GST on hybrid cars, 5 per cent on EVs to stay: Amitabh Kant

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Mercedes-Benz India’s Managing Director and CEO, Santosh Iyer, has praised the Central government’s commitment to the transition from internal combustion engine (ICE) cars to electric vehicles (EVs). Iyer referred to the recent statement by India’s G20 Sherpa, Amitabh Kant, reaffirming the country’s long-term plan to maintain a 5% tax on electric cars and 48% tax on hybrid vehicles.   On Thursday, Mercedes-Benz launched its first electric Maybach SUV, the Maybach EQS 680, starting at Rs 22.5…

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Tata Power-DDL receives 20-year patent for self-regenerating transformer breather

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Tata Power Delhi Distribution Ltd (Tata Power-DDL) has been granted a 20-year patent for its innovative self-regenerating transformer breather, designed to protect transformers from moisture ingress and extend their operational lifespan. The patented technology reduces the need for frequent replacement of Silica gel in transformer breathers, a component crucial for preventing moisture damage. Traditionally, Silica gel in breathers must be replaced 4-6 times before the two-year maintenance schedule of a transformer, but with the new…

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