The Government of Rajasthan (GoR) has signed an agreement with BrightKnight to establish wind-solar hybrid power projects in the state.
As part of the agreement, BrightKnight has committed to investing Rs 150 billion to set up over 2,000 MW of wind-solar hybrid capacity in Rajasthan.
Power Grid Corporation of India Limited (PGCIL) has signed a green loan agreement with Sumitomo Mitsui Banking Corporation (SMBC) at GIFT City, Gandhinagar, Gujarat. The agreement, denominated in JPY for the US dollar equivalent of $200 million with a greenshoe option of $150 million, will support critical infrastructure development for renewable energy (RE) evacuation and integration into the National Grid. The agreement was signed by Sh. Ashwani K. Gupta, ED (Finance), POWERGRID, Sh. Sriram Kumondur,…
Statera Energy has acquired a 680 MW battery energy storage system (BESS) project at Trafford Low Carbon Energy Park in Greater Manchester, known as Carrington Storage. The project is expected to be fully energised by 2026 and will be more than twice the size of Statera’s upcoming 300 MW Thurrock Storage project. Carrington Storage will represent nearly a quarter of the UK’s operational BESS fleet capacity and is designed to integrate with long-duration energy storage…
JSW Renew Energy Thirty Two Limited, a subsidiary of JSW Energy Limited (JSWEL), has signed a definitive agreement with DCM Shriram Limited to establish a 68 MW wind-solar hybrid power project in Kota, Rajasthan. The project will supply renewable energy to DCM Shriram, replacing the power currently procured from its 40 MW thermal power project. Additionally, the Board of Directors of DCM Shriram has approved an equity investment of 28% stake and a capital expenditure…
BP and Japanese power generator JERA have announced a joint venture to create one of the world’s largest offshore wind operators, reported Reuters. The 50-50 partnership, named JERA Nex bp, will combine their operating assets and projects, targeting a potential generation capacity of 13 GW. The partners plan to invest up to $5.8 billion in approved projects by 2030, with BP contributing $3.25 billion and JERA $2.55 billion. The joint venture will become one of…
NTPC Limited has signed a tripartite memorandum of understanding (MoU) with the Grid Corporation of Odisha (GRIDCO) and Capital Region Urban Transport (CRUT) to promote green hydrogen mobility in Bhubaneswar. Under the agreement, NTPC will establish a green hydrogen fuelling station and deploy hydrogen-powered buses for short- and long-distance routes, replacing fossil fuel-powered buses to support decarbonisation and energy security. The Ministry of New and Renewable Energy (MNRE) has partially funded the project. Separately, the…
Atul Greentech, a subsidiary of Atul Auto, has signed an agreement with Exide Energy Solutions (EESL) to source lithium-ion battery packs from EESL’s facility in Prantij, Gujarat. The agreement also includes sourcing lithium-ion cells once EESL begins production at its Bangalore facility. This partnership aims to enhance India’s self-reliance in the EV sector, integrating domestically manufactured lithium-ion cells to promote sustainable and innovative electric mobility solutions. Atul Auto, known for its three-wheelers, operates in both…