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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 100MW/331MWh Bramley battery storage project in the UK, set to be operational by the end of 2024.

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Bangladesh’s Summit Group to renegotiate renewable power deals with India

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Purvah Green secures 300 MW solar PV project from CESC

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Purvah Green Power, a subsidiary of CESC Limited, has been awarded a letter of award (LoA) to develop a 300 MW solar PV project. Of the total capacity, 150 MW will be developed under tariff-based competitive bidding, while the remaining capacity will fall under the greenshore option. A power purchase agreement (PPA) has been signed for 25 years, commencing with the start of the power supply.

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ACCIONA Energía acquires 300 MW of wind capacity in Texas

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Premier Energies sets price band for Rs 28.3 billion IPO

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Premier Energies Ltd, a solar cell and module manufacturer, has set a price band of Rs 427-450 per share for its Rs 28.3 billion initial public offering (IPO). The IPO will open from August 27 to August 29, with bidding for anchor investors starting on August 26. The offering includes a fresh issue of shares worth Rs 12.91 billion and an offer-for-sale (OFS) of up to 34.2 million shares, valued at Rs 15.39 billion at…

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NHPC floats tender for 7.68 MW grid-connected rooftop solar systems

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NHPC Limited has issued a tender for the development of 7.68 MW grid-connected rooftop solar power systems as part of the PM Surya Ghar: Muft Bijli Yojana. The last date for bid submission is October 29, 2024. The project will be executed in four zones with different capacities: Zone 1: Jammu and Kashmir (4,102 kW) Zone 2: Himachal Pradesh (1,710 kW) Zone 3: Uttar Pradesh and Uttarakhand (774 kW) Zone 4: Sikkim, West Bengal, and…

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