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CERC releases draft amendment for transmission charges and losses regulations

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The Central Electricity Regulatory Commission (CERC) has issued the draft CERC (Sharing of Inter-State Transmission Charges and Losses) (Fourth Amendment) Regulations, 2024. Key changes include the introduction of definitions for “Tariff Regulations, 2024” and “Terminal Bay.” Amendments to regulation 12 focus on handling transmission deviations for generating stations with dual connectivity to both inter-state and intra-state transmission systems. Regulation 13 proposes waivers for transmission charges for hydro pumped storage projects (PSP), energy storage systems (ESS),…

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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 Future Energies wins 120 MW in SJVN’s FDRE-2 tender

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Hero Future Energies Limited (HFE) has secured 120 MW of capacity in the SJVN Limited firm and dispatchable renewable energy (FDRE)-2 tender, with a tariff of Rs 4.25 per kWh.  This is HFE’s seventh FDRE bid win in the last 18 months, reinforcing the company’s commitment to advancing India’s energy transition by providing affordable and reliable green power.

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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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E.ON Hydrogen appoints ANDRITZ for green hydrogen electrolyzer plant study in Essen

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E.ON Hydrogen has selected ANDRITZ to conduct an engineering study for a 20 MW green hydrogen electrolyzer plant in Essen, Germany. This marks ANDRITZ’s second green hydrogen project in Germany within a year. The plant is expected to produce 2,300 tonnes of green hydrogen annually, which will be used by local transportation companies and industries in the Essen Harbour area. The contract includes feasibility and safety studies for hydrogen production, compression, storage, and trailer loading…

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KF Wind finalizes TSA for offshore wind project in South Korea

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KF Wind has signed a transmission service agreement (TSA) with Korea Electric Power Corporation (KEPCO), ensuring the delivery of 1.125GW of renewable energy to South Korea’s national grid. The TSA covers two phases of the floating offshore wind project: the 375MW East Blue power phase and the 750MW KF Wind phase, which will connect to KEPCO’s Shinonsan onshore station in Ulsan. This joint venture between Ocean Winds and Mainstream Renewable Power marks a key milestone…

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Fortum reports daily cyberattack attempts on its power assets

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Finnish utility Fortum has revealed that its power assets face daily cyberattack attempts and less frequent surveillance activities, such as drone flyovers. According to CEO Markus Rauramo, disturbances in satellite connections were also noted earlier this year. Fortum, whose assets include hydropower, wind, solar, nuclear, and heat plants, has engaged Finnish authorities to investigate these incidents. The company has implemented precautionary measures, including strict access controls, security services, and emergency drills with local authorities. Fortum’s…

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OMV Petrom enters renewable energy sector with acquisitions in Romania

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OMV Petrom has made its entry into the renewable energy market by acquiring a 50% stake in Electrocentrale Borzești from RNV Infrastructure and additional assets from Renovatio Group, totalling a capacity of nearly 1GW. The acquisitions, approved by Romania’s Competition Council, include two operational wind farms in eastern Romania (16MW) and a micro-hydro power plant in the northwest (2MW). OMV Petrom will also collaborate with RNV Infrastructure to develop further renewable projects in northeastern Romania,…

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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…