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esVolta secures $110m tax equity investment for 300MWh energy storage facility

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esVolta has obtained a $110 million tax equity investment from Greenprint Capital Management to fund its 300 MWh Hummingbird battery energy storage project in San Jose, California.  Set for completion in 2025, the project will provide Pacific Gas & Electric with resource adequacy capacity under a long-term contract and deliver fast-response energy and ancillary services to the California Independent System Operator (CAISO) market.  These services are essential for alleviating grid congestion and strengthening the power…

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IndiGrid, BII, and Norfund launch $300 million platform

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IndiGrid, British International Investment (BII), and the Norwegian Climate Investment Fund managed by Norfund have established EnerGrid, a $300 million platform focused on greenfield transmission and standalone battery energy storage system (BESS) projects in India.  Each partner will invest $100 million, with EnerGrid aiming to develop projects valued at approximately $1.2 billion over the next several years. Once operational, IndiGrid will acquire these projects at a pre-agreed enterprise value. IndiGrid’s Q2 FY25 investor presentation highlighted…

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Energy Vault to build 57MW battery storage project in Texas

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Energy Vault has announced plans for a 57MW/114MWh battery energy storage system (BESS), named Cross Trails BESS, to be built in Scurry County, Texas.  Construction is scheduled to begin in Q1 2025, with commercial operations expected by mid-2025.  Energy Vault will build, own, and operate the project using its X-Vault integration platform, UL9540-certified B-VAULT product, and VaultOS energy management system, offering flexibility for both AC and DC-coupled configurations. The project aims to boost renewable energy…

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Rajasthan floats tender for 500 MW/1,000 MWh BESS

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Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) has issued a tender to establish a 500 MW/1,000 MWh battery energy storage system (BESS) with an additional greenshoe option of 500 MW/1,000 MWh. The deadline for bid submissions is December 16, 2024.  The capacity will be distributed across multiple sites, including the Giral Lignite Power Project in Barmer, the Suratgarh Thermal Power Station, and substations in Sakatputa, Kota, and Jaipur.

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Emeren and Arpinge partner on 300MW battery storage portfolio in Italy

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US-based Emeren Group has entered a co-development agreement with Arpinge to establish a 300MW battery energy storage system (BESS) portfolio in southern Italy, bolstering Emeren’s presence in the Italian BESS market where it already has 1.37GW in its permitting pipeline.  This partnership with Arpinge, a permanent capital vehicle backed by Italian pension funds, aligns with Italy’s energy transition goals, focusing on enhancing grid stability and integrating renewables.  Emeren Group CEO Yumin Liu highlighted the collaboration…

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Westbridge sells 75% stake in Alberta’s Sunnynook solar project to METLEN

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Westbridge Renewable Energy has completed the sale of its 75% stake in the Sunnynook solar and battery energy storage system (BESS) project to METLEN Energy & Metals.  Located in Alberta’s Special Area No. 2, the 332 MWdc Sunnynook solar project includes a 200 MWh BESS and is approved by the Alberta Utilities Commission, currently progressing in the Alberta Electrical System Operator’s connection process.  The C$41.4 million ($29.7 million) transaction involved 3% of the purchase price…

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CCI acquires Dutch battery storage platform LCEGS

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S4 Energy, a subsidiary of Castleton Commodities International (CCI) specializing in grid-scale battery energy storage, has acquired Netherlands-based LC Energy’s battery storage platform, LCEGS.  This acquisition enhances the energy grid’s resilience by merging LCEGS’ development expertise with S4 Energy’s operational experience. Battery energy storage is crucial for Europe’s decarbonisation goals and grid stability. With increasing reliance on renewable energy and demand from sectors like data centres, battery storage is set to play a key role…

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Servotech Power Systems launches new solar product line

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Servotech Power Systems Limited (Servotech) has introduced a new range of solar products, including solar on-grid inverters with capacities from 1 kW to 100 kW, and solar hybrid inverters available in single-phase (2 kW to 7.5 kW) and three-phase (10 kW to 22.5 kW) options. The product lineup also includes solar micro inverters in 800 W and 1600 W capacities. Additionally, Servotech has launched battery energy storage systems for domestic use, with capacities ranging from…

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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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ADB sanctions $434.25 million loan for renewable energy development in Assam

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The Asian Development Bank (ADB) has approved a $434.25 million loan to support renewable energy initiatives and enhance energy security in Assam.  The project will establish a 500 MW grid-connected solar photovoltaic facility in the Karbi Anglong district, along with a grid-connected battery energy storage system to stabilize the grid and manage peak power demands. This initiative aligns with Assam’s renewable energy goals, contributing to the state’s renewable energy roadmap and increasing solar capacity to…