The Government of Rajasthan signed a Memorandum of Understanding (MoU) with RMC Switchgears Limited on November 9, 2024, to set up a 1,000 MW Ultra Mega Solar Park Project (UMSPP) with an integrated Battery Energy Storage System (BESS). The project is slated for completion by 2026.
India’s energy storage capacity is projected to increase 12-fold to 60 GW by FY 2032, as outlined in a new SBICAPS report. This expansion is anticipated to outpace the growth in renewable energy (RE) sources, as RE tenders increasingly include storage, rising from 5% of projects in FY 2020 to 23% by FY 2024. Battery energy storage systems (BESS) are expected to make up the majority of this growth, with projected expansion to 42 GW…
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…
Stiesdal Offshore and Copenhagen Infrastructure Partners (CIP), through its Copenhagen Infrastructure V (CI V) fund, have formed a strategic collaboration to establish Stiesdal Offshore as a leading player in the floating wind sector. As part of this partnership, CI V has acquired a minority stake in Stiesdal Offshore. Stiesdal will provide engineering services and project execution support, focusing on reducing costs, simplifying project execution, and accelerating the growth of floating offshore wind. The floating wind…
HG Infra Engineering has been declared the qualified bidder by NTPC Vidyut Vyapar Nigam for 185 MW/370 MWh as part of a 500 MW/1000 MWh standalone battery energy storage system (BESS) project. The project is supported by viability gap funding, and the tariff rate is set at Rs 2.38 million per MW per month. The contract is scheduled for completion in 1.5 years.
X-ELIO has announced the expansion of its Blue Grass Solar Farm, located in Queensland’s Western Downs, by integrating a 148 MW Battery Energy Storage System (BESS). This marks X-ELIO’s first hybrid solar and storage project in Australia. The project will be developed in two phases: the first phase will deliver 60 MW BESS by 2025, followed by an additional 88 MW BESS in the second phase by 2026. The 200 MW solar farm, operational since…
Energy Vault Holdings has partnered with the Enervest Group to deploy a 1 gigawatt-hour (GWh) battery energy storage system (BESS) at the Stoney Creek site in New South Wales (NSW), Australia. Enervest CEO Ross Warby highlighted the strength of the partnership, emphasizing Energy Vault’s expertise in technology and system design as key factors. He also mentioned the importance of engaging with local and indigenous communities, such as the Narrabri community, to ensure the successful delivery…
The Gujarat Urja Vikas Nigam (GUVNL) has announced a tender to develop a 200 MW/1600 MWh standalone battery energy storage system (BESS) in Gujarat. The developer selection will occur through a tariff-based competitive bidding process (Phase-V). The BESS will have a daily capacity of 1600 MWh. It will draw power from the Gujarat Energy Transmission Corporation (GETCO) network for charging and inject power back into the network as directed by the State Load Dispatch Centre…
JSW Renew Energy Seventeen, a subsidiary of JSW Energy, has entered into a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Ltd (GUVNL) for a 192 MW wind-solar hybrid capacity connected to the state transmission utility (STU) in Gujarat. This is the company’s first PPA for a wind-solar hybrid project, with the power set to be supplied for 25 years at a tariff of Rs 3.27 per kWh. The project is scheduled for commissioning…
Hithium Energy Storage Technology has partnered with Nabilah AlTunisi’s company, MANAT, to launch a joint venture named Hithium MANAT. The venture will establish a battery energy storage systems (BESS) manufacturing facility with a 5 gigawatt-hour (GWh) annual production capacity in Saudi Arabia. This marks one of the first advanced BESS manufacturing plants in the Kingdom and the wider MENA region, supporting Saudi Arabia’s Vision 2030. The partnership was announced at the Solar & Storage Live…
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