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Sarus wins contract for 187.5 MW BESS at Maheswaram
Sarus Infrastructures has received a Letter of Award (LOA) from Telangana Power Generation Corporation Limited (TGGENCO) to develop a 187.5 MW/750 MWh standalone battery energy storage system (BESS) at the Maheswaram substation in Telangana. The project is valued at Rs 10.15 billion. The BESS will be connected at the 400/220 kV substation level and is…
Centre launches Rs 5400 crore VGF scheme for 30 GWh battery storage
The Ministry of Power has approved a Viability Gap Funding (VGF) scheme to support 30 GWh of Battery Energy Storage Systems (BESS) across India. Funded by the Power System Development Fund (PSDF), the scheme allocates Rs 5400 crore to help stabilise the grid and integrate renewable power. The VGF scheme will support BESS rollout in…
Serentica secures Rs 8.58 billion ECB for 300 MW solar project in Rajasthan
Serentica Renewables India Private Limited (SRIPL) has achieved financial closure for its 300 MW solar power project in Rajasthan. The company has secured over Rs 8.58 billion (USD 100 million) through External Commercial Borrowing (ECB) from Rabobank and Societe Generale. The power generated from this project will be supplied to Bharat Aluminium Company Limited (BALCO),…
India begins trials for hydrogen-powered heavy-duty trucks
India has launched trials for its first fleet of hydrogen-powered heavy-duty trucks. This initiative aligns with the National Green Hydrogen Mission (NGHM), which has been allocated Rs 197.44 billion to establish India as a leader in hydrogen production, storage, and application. Under this mission, the Indian government has already awarded 412,000 tonnes per annum of…
EIB provides €243m green loan to ERG Group for renewable projects
The European Investment Bank (EIB) has committed €243m ($255m) to finance renewable energy projects by wind and solar operator ERG Group. The funding will advance renewable energy development across Italy, France, and Germany, aligning with EU energy targets and national climate plans. The EIB’s green loan supports ERG’s 2024–2026 Business Plan, which focuses on expanding…
India | Leadership | NewsPankaj Joshi appointed Chairperson of GERC
Former Chief Secretary of Gujarat, Pankaj Joshi, has been appointed Chairperson of the Gujarat Electricity Regulatory Commission (GERC). The state government has also named Jatin Natvarlal Thakkar and Navinchandra Shah as Members of the Commission. The appointments follow recommendations made by a Selection Committee formed earlier this year to shortlist candidates for the posts. An…
