Stavian Group to invest USD 22 million in battery storage project in Vietnam
Author: PPD Team Date: 05/02/2025
Author: PPD Team Date: 05/02/2025
Stavian Group is investing USD 22 million in a Battery Energy Storage System (BESS) project at the Stavian Complex in Hung Yen province, Vietnam. Developed through a joint venture with Juhang Energy Technology (Singapore), the project will cover over 5 hectares and focus on manufacturing energy storage systems, EV charging equipment, and electric cables.
The BESS will support grid regulation for renewable projects and industrial microgrids, helping businesses cut energy costs by optimising power usage. This aligns with Vietnam’s renewable energy goals, including upcoming policies on rooftop solar and direct power purchase agreements.
Set to launch its first products by Q3 2025, the project aims to reduce over 27 million tons of CO2 emissions annually while targeting domestic and international markets, including Asia-Pacific and the Middle East.
Author: PPD Team Date: 28/02/2025 Madhya Pradesh has secured further investments in renewable energy (RE) through new Memorandums of Understanding (MoUs) signed at the Global Investors Summit 2025. At the summit, five companies formalized their investment plans: KP Group committed to a 1,800 MW RE project, including solar, wind, wind-solar hybrid, biomass, and battery energy storage system (BESS) projects. Four Square Green Energy Private Limited signed an MoU worth Rs 50.05 billion for solar, wind,…
Author: PPD Team Date: 10/07/2025 Hindustan Powerprojects Private Limited (HPPPL) has started construction of a 300 MW (435 MWp) Inter-State Transmission System (ISTS)-connected solar power project in Lalitpur, Uttar Pradesh. The project is part of the larger 2,000 MW ISTS-connected solar programme being implemented for Uttar Pradesh Power Corporation Limited (UPPCL). It was announced during the Clean Energy Summit 2025 held in Lucknow. Under the scope of work, HPPPL will identify land, develop the project,…
Author: PPD Team Date: 20/01/2025 Waaree Renewables Technologies Limited reported a net profit of Rs 0.53 billion for the quarter ending December 2024, a 17.18% decrease compared to Rs 0.64 billion in the same quarter last year. The company’s total income rose by 11.66% to Rs 3.64 billion during the quarter, up from Rs 3.25 billion in the corresponding period of 2023.
Author: PPD Team Date: 19/05/2025 The Ministry of New and Renewable Energy (MNRE) has released detailed clarifications on the inclusion of solar cells in the Approved List of Models and Manufacturers (ALMM). The guidelines define how product families and minor changes will be handled during the enlistment process. Solar cells with and without potential induced degradation (PID) resistance will be considered distinct product families and will be listed separately. Efficiency and wattage data collected during…
Author: PPD Team Date: 12/11/2024 Inox Wind Limited (IWL) has secured an 87 MW order from Continuum Green Energy for its 3 MW Wind Turbine Generators (WTGs). This repeat order will be executed on turnkey basis, with IWL providing multi-year operations and maintenance services post-commissioning. The projects are slated for Gujarat and Rajasthan. This addition brings Continuum’s total orders with IWL to approximately 700 MW and elevates IWL’s order book to over 3.4 GW, marking…
Author: PPD Team Date: 29/04/2025 Oil and Natural Gas Corporation Limited (ONGC) has received bids from 12 companies to set up a 10 MW/13 MWp floating solar photovoltaic (PV) project at its Hazira plant in Surat, Gujarat. The project will be developed on a lump-sum turnkey basis. The bidders include Enerture Technologies, Enviro Infra Engineers, Insolare Energy, Kishan Infrastructure Industries, KPI Green Energy, Lumino Industries, Madhav Infra Projects, Oriana Power, Prozeal Green Energy, Purshotam Profiles…
Author: PPD Team Date: 28/02/2025 Madhya Pradesh has secured further investments in renewable energy (RE) through new Memorandums of Understanding (MoUs) signed at the Global Investors Summit 2025. At the summit, five companies formalized their investment plans: KP Group committed to a 1,800 MW RE project, including solar, wind, wind-solar hybrid, biomass, and battery energy storage system (BESS) projects. Four Square Green Energy Private Limited signed an MoU worth Rs 50.05 billion for solar, wind,…
Author: PPD Team Date: 10/07/2025 Hindustan Powerprojects Private Limited (HPPPL) has started construction of a 300 MW (435 MWp) Inter-State Transmission System (ISTS)-connected solar power project in Lalitpur, Uttar Pradesh. The project is part of the larger 2,000 MW ISTS-connected solar programme being implemented for Uttar Pradesh Power Corporation Limited (UPPCL). It was announced during the Clean Energy Summit 2025 held in Lucknow. Under the scope of work, HPPPL will identify land, develop the project,…
Author: PPD Team Date: 20/01/2025 Waaree Renewables Technologies Limited reported a net profit of Rs 0.53 billion for the quarter ending December 2024, a 17.18% decrease compared to Rs 0.64 billion in the same quarter last year. The company’s total income rose by 11.66% to Rs 3.64 billion during the quarter, up from Rs 3.25 billion in the corresponding period of 2023.
Author: PPD Team Date: 19/05/2025 The Ministry of New and Renewable Energy (MNRE) has released detailed clarifications on the inclusion of solar cells in the Approved List of Models and Manufacturers (ALMM). The guidelines define how product families and minor changes will be handled during the enlistment process. Solar cells with and without potential induced degradation (PID) resistance will be considered distinct product families and will be listed separately. Efficiency and wattage data collected during…
Author: PPD Team Date: 12/11/2024 Inox Wind Limited (IWL) has secured an 87 MW order from Continuum Green Energy for its 3 MW Wind Turbine Generators (WTGs). This repeat order will be executed on turnkey basis, with IWL providing multi-year operations and maintenance services post-commissioning. The projects are slated for Gujarat and Rajasthan. This addition brings Continuum’s total orders with IWL to approximately 700 MW and elevates IWL’s order book to over 3.4 GW, marking…
Author: PPD Team Date: 29/04/2025 Oil and Natural Gas Corporation Limited (ONGC) has received bids from 12 companies to set up a 10 MW/13 MWp floating solar photovoltaic (PV) project at its Hazira plant in Surat, Gujarat. The project will be developed on a lump-sum turnkey basis. The bidders include Enerture Technologies, Enviro Infra Engineers, Insolare Energy, Kishan Infrastructure Industries, KPI Green Energy, Lumino Industries, Madhav Infra Projects, Oriana Power, Prozeal Green Energy, Purshotam Profiles…
Author: PPD Team Date: 28/02/2025 Madhya Pradesh has secured further investments in renewable energy (RE) through new Memorandums of Understanding (MoUs) signed at the Global Investors Summit 2025. At the summit, five companies formalized their investment plans: KP Group committed to a 1,800 MW RE project, including solar, wind, wind-solar hybrid, biomass, and battery energy storage system (BESS) projects. Four Square Green Energy Private Limited signed an MoU worth Rs 50.05 billion for solar, wind,…
Author: PPD Team Date: 10/07/2025 Hindustan Powerprojects Private Limited (HPPPL) has started construction of a 300 MW (435 MWp) Inter-State Transmission System (ISTS)-connected solar power project in Lalitpur, Uttar Pradesh. The project is part of the larger 2,000 MW ISTS-connected solar programme being implemented for Uttar Pradesh Power Corporation Limited (UPPCL). It was announced during the Clean Energy Summit 2025 held in Lucknow. Under the scope of work, HPPPL will identify land, develop the project,…