NTPC, JBIC Collaborate To Finance Renewable Energy Project In India

Japan Bank for International Cooperation (JBIC) Governor, HAYASHI Nobumitsu has signed a loan agreement that amounts to up to JPY15 billion of which JBIC’s portion is JPY9 billion, with NTPC Renewable Energy Limited (NREL) of India. The loan is co-financed with Sumitomo Mitsui Banking Corporation and the Bank of Fukuoka, Ltd. JBIC also claims to […]

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NTPC’s 630 MW Barethi Solar Plant Promises To Power 3L Households

Union Minister for Power and New & Renewable Energy R. K. Singh and Union Minister for Social Justice and Empowerment, Virendra Kumar together laid the foundation stone for Barethi Solar Power Project of NTPC REL in Madhya Pradesh recently. This solar power plant is said to light up 3 lakh households, the government claimed. The […]

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US Households With Heat Pumps Witness 62% Drop Energy Bills: NREL

NREL is a national laboratory of the US Department of Energy (DOE) for renewable energy and energy efficiency research development, operated for DOE and funded by the Department of energy’s Building Technologies Office. In its latest research, NREL shared research on the benefit of heat pumps for households. The research was co-authored by Prateek Munankarmi, […]

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India’s Renewable Energy Capacity To Reach 54% By 2047: NREL

A recent report by the United States (US)-based organization National Renewable Energy Laboratory (NREL) anticipated an increase in the share of renewable energy (RE) generation from wind and solar in India to reach 54 percent by 2047. The NREL report evaluated, “In the base scenario, investments in battery storage are economic in 2030 is expected […]

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Zero Emission Vehicle Can Reduce Emission By 80% In US: NREL

A latest report from the National Renewable Energy Laboratory (NREL) stated that the adoption of zero-emission electric vehicles (EV) in the US would allow the nation to move closer to an 80% or more drop in transportation-related greenhouse gas (GHG) emissions by 2050. This, the report said would lead to a drop of the emissions […]

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NTPC Issues Tender To Develop 2GW of Pumped Hydro Energy Storage Projects

NTPC Renewable Energy Limited (NREL) has issued a tender seeking bids from eligible bidders to develop Pumped Hydro Energy Storage projects upto 2000 Megawatt (MW). The tender document said that these projects could be located in any part of the country.  NREL has mulled developing such projects with a 25-year design life which can give six hours […]

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NREL Study Forecasts Significant Decline in BESS Costs by 2030

The long-term lithium-ion battery energy storage system (BESS) costs could halve over this decade, as per the “Cost Projections for Utility-Scale Battery Storage: 2023 Update” report by US National Renewable Energy Laboratory (NREL). The report forecasts the future capital expenditure (capex) costs of Battery Energy Storage Systems (BESS) from 2022 to 2050. It specifically focuses […]

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NTPC Likely To Add 5,000 MW Of Renewable Energy Capacities Annually 

India’s largest power sector PSU (Public Sector Utility)-NTPC Limited, is likely to add around 4,000 MW to 5,000 MW of renewable energy annually to achieve its ambitious clean energy target. The PSU has targeted adding up to 60 Gigawatt (GW) of installed renewable power capacity by 2032. However, in the short term, the power behemoth has planned […]

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NTPC Partners With Ohmium For PEM Electrolyzers To Boost Green Hydrogen Production

NTPC Renewable Energy Limited (NREL), the green arm of NTPC, has now chosen leading Green Hydrogen company Ohmium as its Proton Exchange Membrane (PEM) electrolyzer partner. The agreement will likely boost the Green Hydrogen production plan of the NTPC, India’s largest government-owned power producer.   Ohmium said the agreement is valid for two years until May […]

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