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Shree Cement Now Sources 60% of Power from Renewables

Shree Cement has achieved a key milestone in its decarbonisation efforts, with over 60 percent of its total electricity consumption now coming from renewable sources. The development was marked by the commissioning of a 60.3 MW solar power plant in Jodhpur, Rajasthan, adding to its total green energy capacity of 582 MW. The company’s growing […]

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US Tariffs To Lift Cleantech Costs Up to 11%, Except Utility-Scale ESS: WoodMac

The United States (US) has recently seen a rise in tariff policies which are set to increase the cost of power generation technologies, with energy storage system (ESS) witnessing the most hike due to its dependence on Chinese imports, according to Wood Mackenzie’s recent report.  As tariffs create uncertainty in the US power market, development activity […]

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Jindal Stainless, Oyster Joins Hands For 282 MW Hybrid Plant

Jindal Stainless has acquired a 33.64% equity stake in Oyster Green Hybrid One Private Limited (OGHO), a special purpose vehicle (SPV) formed in partnership with Oyster Renewable Energy, said the company in a regulatory filing. Oyster Green, the SPV, is engaged in developing and operating renewable energy assets. The SPV is formed to develop a […]

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JBMG Bags 3 GWh BESS Orders, Eyes National Renewable Goals

JBM Green Energy Systems Pvt. Ltd. (JBMG), the lithium-ion battery unit of JBM Auto Ltd., has secured a robust order book with 3 GWh capacity of Battery Energy Storage Systems (BESS) to be deployed across India. The surge follows recent orders, including a 1 GWh BESS project for state-run SJVN and additional deals with other […]

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Premier Energies Sets Up ESS Unit, Expands Backward Integration

Premier Energies Limited has incorporated a wholly owned subsidiary, Premier Energies Storage Solutions Private Limited, to support its entry into the manufacturing of energy storage systems (ESS), the company said in a regulatory filing. Premier Energies’ new subsidiary has been formed with the primary objective of manufacturing, producing, and processing high-quality energy storage systems using […]

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NTPC REL Floats 245 MW EPC Tender For Khavda RE Park, Gujarat

NTPC Renewable Energy Limited (NTPC REL), a subsidiary of India’s largest power utility NTPC Ltd, has floated a tender for an engineering, procurement, and construction (EPC) package to develop a 245 MW grid-connected solar project in the South Block of the Khavda Renewable Energy Park, located in the Rann of Kutch, Gujarat. The last date […]

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2030 Target No Longer Bold Enough, Look Beyond 500 GW

India’s pledge to install 500 GW of non-fossil energy by 2030 was hailed as bold and transformational when announced at COP26 in 2021. However, this target is no longer sufficiently ambitious compared to what the country has potential to achieve, thanks to the overall evolution of the energy landscape through the last few years.  For […]

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The Start Of The Energy Storage Era Has Arrived In India- SBI Caps

Investment bank SBI Caps has released a new report on the evolving battery scenario in India. The report makes a number of observations and recommendations to ensure that the critical sector delivers on its promise. From cautioning against a rush towards reducing dependence on China, calling instead for a more calibrated approach, to  increasing import […]

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IMFA Inks Deal To Source 40 MW RE From AMPIN Hybrid Project

Indian Metals & Ferro Alloys Limited (IMFA), a fully integrated ferro-alloys producer signed a long-term Power Purchase Agreement (PPA) with AMPIN Energy Utility One Private Limited.  Under the terms of the PPA, IMFA will source 40 MW of contracted demand through a hybrid renewable energy solution, comprising 58 MW AC of solar and 58 MW […]

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