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Genus Power establishes subsidiary for advanced metering infrastructure project

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Genus Power Infrastructure Limited has established a wholly-owned subsidiary named Genus Dhundar Smart Metering SPV Private Limited. This new entity, with an authorized and subscribed capital of Rs 0.1 million, has been created to execute an advanced metering infrastructure service provider (AMISP) contract. The subsidiary will operate within the power infrastructure and distribution sector, focusing on advanced metering solutions.

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EC approves €1.2bn Polish scheme for electricity storage capacity

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The European Commission has approved a €1.2 billion ($1.32 billion) Polish initiative to support the development of at least 5.4GW of new electricity storage capacity. The scheme, part of the State aid Temporary Crisis and Transition Framework (TCTF), aims to reduce Poland’s dependence on fossil fuels and enhance the integration of renewable energy sources into the national grid. The funding will come from the Modernisation Fund and the Recovery and Resilience Facility, following the EC’s…

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IndiGrid, Kintech and H.G. Infra win NVVN’s BESS auction

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IndiGrid, Kintech Synergy, and H.G. Infra Engineering have emerged as winners in NTPC Vidyut Vyapar Nigam’s (NVVN) auction to develop 500 MW/1,000 MWh standalone battery energy storage systems (BESS) with Viability Gap Funding (VGF) support.  NVVN, a subsidiary of NTPC, allocated 250 MW to IndiGrid 2 at a tariff of Rs 236,999 per MW per month. Kintech Synergy received 65 MW at Rs 237,490/MW/month, and H.G. Infra was awarded 185 MW at Rs 238,000/MW/month. According…

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BOEM finalises environmental review for wind leases in New York Bight

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The US Bureau of Ocean Energy Management (BOEM) has completed an environmental review for six wind lease areas in the New York Bight, potentially generating up to 7GW of offshore wind energy.  This development supports the Biden-Harris administration’s goal of deploying 30GW of offshore wind capacity by 2030. The lease areas span 488,000 acres off the coasts of New York and New Jersey, with the potential to supply power to two million homes. BOEM’s review,…

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Avaada lays foundation stone for Rs 136.5 billion plant in Nagpur

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Avaada Group has laid the foundation stone for a Rs 136.5 billion manufacturing facility at Addl. Butibori Industrial Park in Nagpur. The project, aimed at boosting India’s renewable energy capabilities, will create over 5,000 jobs and support the country’s goal to cut carbon emissions by 50% by 2030. The plant, inaugurated by Maharashtra Deputy Chief Minister Devendra Fadnavis, will focus on the solar value chain, including ingot-wafer, PV cells, and modules, as well as next-generation…

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China’s first large-scale deep-water offshore solar project reaches operational readiness

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China has energized the booster station for its first large-scale, pile-fixed deep-water offshore photovoltaic (PV) project, signalling the operational readiness of the CGN Yantai Zhaoyuan 400 MW floating solar project. Located in Laizhou Bay, Zhaoyuan City, the project covers 6.44 square kilometres and includes 121 PV sub-arrays. It features an alternating current (AC) side-rated capacity of 400 MW and a direct current (DC) installation capacity of 539.33 MW, utilizing Grand Sunergy’s Seapower double-sided, double-glass heterojunction…

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JSW Energy signs 1,200 MW hybrid power deals with MSEDCL

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JSW Energy’s subsidiaries, JSW Renew Energy Six Ltd and JSW Renew Energy Thirty Ltd, have signed power purchase agreements (PPAs) with Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for two solar-wind hybrid projects, each with a capacity of 600 MW, totalling 1,200 MW.  These agreements, awarded on August 29 and September 10, 2024, are set for 25 years at a tariff of Rs 3.60/kWh, with projects expected to be operational within 24 months. JSW Energy’s…

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