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Wind Energy Generation to Surge 4-5 Times on Policy Tailwinds: CRISIL Report

According to a report by CRISIL, the Ministry of New and Renewable Energy has introduced positive policy changes that could lead to a 6–8 GW annual increase in wind capacity starting in fiscal 2026. This would be four times the growth of 1.6 GW seen in the past five fiscal years, which was driven by […]

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ACWA Power to Build $7.5 bn Worth Renewable Energy Projects & BESS in Uzbekistan

Saudi renewables developer ACWA Power has inked three PPAs and investment agreements with Joint-Stock Company (JSC) National Electric Grid of Uzbekistan (NEGU) and Ministry of Investment, Industry and Trade of Uzbekistan. Under the agreements, ACWA Power will develop three solar PV projects in Tashkent and Samarkand. It will also build three Battery Energy Storage Systems […]

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China-Based Gotion to Foray into Japanese Market Following Agreement with Edison Power

China-based manufacturer of lithium-ion power batteries Gotion High-tech has joined hands with Edison Power Co., a renewable energy and energy storage developer, for the development of large storage battery and recycling market in Japan. This partnership will also mark the entry of Gotion into Japan. Gotion High-tech will be responsible for the supply of cells, […]

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Mercedes to Invest on Large Scale in Electric Vehicle Plants

German automotive giant Mercedes has said that it is setting sights on investing billions of dollars towards the modernisation of its electric vehicle plants in China, Germany and Hungary. In order to cut emissions, the automaker will be shifting to electric vehicles. The European Union will be looking to cut down CO2 emissions per passenger […]

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Sungrow Signs 145 MW Distribution Agreements in Pakistan

Global inverter and energy storage conglomerate Sungrow has signed 145 MW distribution agreements with local partners including SkyElectric, Wateen Energy and Uenergy at Solar Pakistan 2023 expo to further facilitate Pakistan’s 2030 ambition to generate 60% of its electricity from renewable sources. Sungrow participated in the expo showcasing its commercial storage system PowerStack, residential solar-plus-storage, […]

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