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JSW subsidiary signs pumped hydro storage deal with MSEDCL

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JSW Energy PSP Two, a subsidiary of JSW Energy, has signed an energy storage facility agreement (ESFA) with Maharashtra State Electricity Distribution Company (MSEDCL) for 1,500 MW/12,000 MWh of pumped hydro energy storage. The agreement follows the letter of intent received on 01 October 2024. Under the ESFA, the company will supply energy storage capacity for 40 years and receive a fixed capacity charge of Rs 8.47 million per MW annually. The Bhavali pumped hydro…

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Luminous Power launches AmpBox: A breakthrough in gel battery energy storage

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Luminous Power Technologies has introduced AmpBox, the first gel battery in the market offering power backup options for 3, 4, 5, and 6 hours. AmpBox addresses India’s power cut challenges, providing consumers with a reliable and uninterrupted power supply. Gel batteries use a gel-like electrolyte, minimizing leakage, reducing corrosion risk, and offering longer life with low maintenance. AmpBox is environmentally friendly and designed to perform in extreme temperatures, making it ideal for residential and commercial…

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Hero, Zelestra, Juniper, ReNew, Avaada declared winners of SJVN’s 1.2 GW FDRE II Auction

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Hero Solar Energy, Ganeko Solar (Zelestra), Juniper Green Energy, ReNew, and Avaada have emerged as winners in SJVN’s auction for supplying 1,200 MW of firm and dispatchable power. The power will come from inter-state transmission system (ISTS)-connected renewable energy projects with energy storage systems, under the FDRE II competitive bidding. Juniper, ReNew, Zelestra, and Hero secured 200 MW, 150 MW, 140 MW, and 120 MW, respectively, at Rs 4.25 per kWh. Avaada was awarded 590…

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IREDA receives approval to launch subsidiary for retail renewable energy business

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The Indian Renewable Energy Development Agency (IREDA) has received in-principle approval from the Department of Investment and Public Asset Management (DIPAM) to establish a wholly-owned subsidiary focused on retail and B2B renewable energy sectors.  This new entity will manage initiatives under PM-Suryaghar (Rooftop Solar), PM-KUSUM schemes, and other B2C segments, while also exploring emerging sectors such as electric vehicles (EVs), energy storage, and green technologies.

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BW ESS acquires full stake in Penso Power

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BW ESS has acquired the remaining stake in Penso Power, integrating their engineering, project delivery, and commercial capabilities to enhance utility-scale energy storage worldwide. Financial details of the deal were not disclosed. Penso Power’s founders will join the merged entity’s senior management team. BW ESS’s acquisition adds over 2GW of Penso Power’s energy storage pipeline in the UK and Australia, increasing its total pipeline to 5GW across multiple regions. The companies are currently constructing the…

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World likely to miss UN target to triple renewable capacity by 2030: IEA

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The world is expected to fall short of the UN’s target to triple renewable energy capacity by 2030, despite many countries surpassing their national targets, according to the International Energy Agency’s (IEA) latest report, Renewables 2024. The report forecasts the deployment of over 5.5 TW of renewable energy by 2030, a threefold increase compared to 2017-2023, equivalent to the combined current power capacity of China, India, the US, and the EU. Around 70 countries, representing…

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Saatvik Solar to supply PV modules to L&T for Bihar BESS project

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Saatvik Solar has secured a contract to supply 213 MW of solar photovoltaic (PV) modules to Larsen & Toubro (L&T) for its 245 MW battery energy storage system (BESS) project in Bihar. The project consists of 185 MW for a grid-connected solar power plant and 45.4 MW for a 4-hour battery storage system in Kajra district. As part of the agreement, Saatvik Solar will provide 545 Wp mono bifacial modules, featuring advanced glass-to-back sheet technology…

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Torrent Power signs SSSA with LMCL and TU17

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Torrent Power Limited has entered into a share subscription and shareholders agreement (SSSA) with Lakshmi Mills Company Limited (LMCL) and its subsidiary, Torrent Urja 17 Private Limited (TU17). This agreement involves the supply of 8.5 MWp of solar power to LMCL’s production units via open access from TU17’s renewable energy project. Under the agreement, LMCL must retain a minimum of 26 per cent ownership in TU17 throughout the power supply period. Additionally, Torrent Power has…

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Sweco to design one of Europe’s largest energy storage projects in Belgium

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Sweco has been selected to design the Green Turtle project in Belgium, one of the largest battery energy storage systems (BESS) in Europe. The Swedish engineering consultancy will partner with Dutch energy storage company GIGA Storage to develop the 700 MW facility, which will have a storage capacity of 2.8 gigawatt-hours. The project aims to store renewable energy for release during periods of low solar and wind generation, reducing Belgium’s dependence on gas-fired power plants,…

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CIP approves investment for 220MW battery energy storage system in Chile

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Copenhagen Infrastructure Partners (CIP) has made a final investment decision on the 220MW Arena Battery Energy Storage System (BESS) in Chile’s Antofagasta region. This project, funded through CIP’s Growth Markets Fund 2, will store 1100MWh of energy and is strategically located near key transmission infrastructure and industrial clusters. The Arena BESS will shift excess solar power generated during the day for use at night, contributing to the integration of solar energy into Chile’s grid. As…