Patel Infra and EnerGrid win SJVN’s 375 MW battery storage auction in UP
Author: PPD Team Date: July 8, 2025
Author: PPD Team Date: July 8, 2025
SJVN Limited has announced the results of its standalone battery energy storage systems (BESS) auction in Uttar Pradesh. The 375 MW/1,500 MWh tender has been awarded to Patel Infrastructure and Enerica Infra 3 (EnerGrid).
Patel Infrastructure secured 187.5 MW/750 MWh at a tariff of Rs 359,000 per MW per month. EnerGrid matched the capacity with a slightly higher tariff of Rs 359,999 per MW per month.
Viability gap funding of up to Rs 2.7 million per MWh or 30 per cent of the capital cost, whichever is lower, will be provided.
Each BESS project must deliver one four-hour operational cycle daily and maintain at least 95 per cent availability per month. Round-trip efficiency must be at least 85 per cent on an AC-to-AC basis.
The developers must comply with grid standards, safety norms, and use proven technologies aligned with national codes to reduce technology risks.
The systems will connect to the 400 kV/220 kV Garautha substation in Jhansi district, which is part of the Uttar Pradesh Power Transmission Corporation Limited (UPPTCL) network. Final connectivity will depend on regulatory approvals.
Author: PPD Team Date: November 6, 2024 Waaree Renewable Technologies Limited (WRTL), the solar EPC arm of Waaree Group, reported Q2 FY25 revenue of Rs 5,244.7 million, a 249.50% increase from Rs 1,500.6 million in Q2 FY24. Profit after tax (PAT) stood at Rs 535.2 million, while its unexecuted order book remains at 1.7 GWp with a 9-12 month timeline. For H1 FY25, revenue reached Rs 7,608.2 million, up 172.70% year-on-year, with an EBITDA of…
Author: PPD Team Date: June 30, 2025 Fibe has launched a new rooftop solar financing solution aimed at middle-income households, especially in Tier 2 and Tier 3 cities. The digital lending platform is offering collateral-free loans of up to Rs 500,000 for residential rooftop solar systems. This new offering is designed to make solar more affordable. It covers 100 per cent of the project cost—including panels, installation, and other expenses. The entire application process is…
Author: PPD Team Date: May 29, 2025 Advait Energy and H.G. Infra Engineering have signed battery energy storage purchase agreements with Gujarat Urja Vikas Nigam Limited (GUVNL). The agreements cover standalone battery energy storage systems (BESS) backed by viability gap funding from the central government. These deals are part of GUVNL’s Phase IV tender, which targets 500 MW/1,000 MWh of BESS capacity. The Gujarat Electricity Regulatory Commission recently approved tariffs for the projects. Advait Energy…
Author: PPD Team Date: October 28, 2024 BP has finalized its acquisition of the remaining 50.03% interest in Lightsource bp, fully integrating its 62 GW renewable energy pipeline across 19 markets worldwide into BP’s portfolio. Although BP now has full ownership, Lightsource bp will retain its brand and operate independently. This acquisition enhances BP’s renewable energy reach, supporting its broader low-carbon initiatives, including power trading, EV charging, biofuels, and green hydrogen production. BP’s executive vice…
Author: PPD Team Date: February 18, 2026 Sterlite Electric has appointed Sumil Mathur as Group Chief Financial Officer (CFO). He will oversee global financial strategy, capital management and corporate governance across the group’s businesses. In his new role, Mathur will be responsible for financial management and supporting strategic growth initiatives across business verticals. He joins Sterlite Electric after serving at Emaar India as Chief Operating Officer (COO) and Chief Financial Officer (CFO), where he was…
Author: PPD Team Date: October 16, 2024 Vertiv has announced the expansion of its North American manufacturing operations with a new 215,000 sqft facility in Pelzer, South Carolina. This facility is expected to create up to 300 skilled jobs and will produce integrated modular solutions, modular power systems, and other infrastructure technologies for data centres. These prefabricated solutions are fully factory-tested, reducing site labour and speeding up data centre deployment. Vertiv CEO Giordano Albertazzi emphasized…