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Green Stocks July 3- Stocks Continue To Struggle

With the July 9 ‘deadline’ for an Indo-US trade agreement coming closer all the time, markets were understandably nervous about the possible outcomes. An expiry day further kept prices subdued, leading to a few breakouts among green stocks as well. Waaree Energies and Waaree RTL, however, did make an earnest push to gain ground, on […]

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IFC & IndiGrid Partner To Build 180 MW/360 MWh BESS Project in Gujarat 

International Finance Corporation (IFC) and IndiGrid have partnered to develop a 180 MW/360 MWh standalone battery energy storage system (BESS) project in Gujarat. The project is designed to support the state’s clean energy goals by enhancing grid stability and ensuring reliable power is available during peak demand.  This investment made during the quarter ended June […]

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Grid-Forming Tech Key To Powering $5 Tr Renewable Expansion: WoodMac

Battery energy storage systems (BESS) will require $1.2 trillion in investments to support more than 5,900 GW of new wind and solar capacity installations globally through 2034, research firm Wood Mackenzie said. The research firm said grid-forming (GFM) technology should be deployed to help achieve the projected $5 trillion expansion in global renewable energy capacity. […]

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Gamuda to Co-Develop 1.2 GW RE Portfolio in Tasmania

Gamuda Holdings Pty Ltd, a wholly-owned subsidiary of Malaysia’s Gamuda Berhad, has signed a landmark agreement with local Tasmanian landowners to co-develop a 1.2 gigawatt (GW) renewable energy portfolio in central Tasmania. The move marks Gamuda’s first significant step into Australia’s growing renewable energy sector. The portfolio will include 600 megawatts (MW) of wind and […]

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Bihar Awards 500 MWh BESS Project To Six Firms At ₹4.44 Lakh/MW/Month

The Bihar State Power Generation Company Ltd (BSPGCL) has awarded its 125 MW/500 MWh battery energy storage system (BESS) project to six bidders. BSPGCL issued the tender for this project in March, awarded the project within three months. According to the tender results, Barbrik Projects, Saatvik Green Energy, Kundan Green Energy, Prostarm Info Systems, Hindustan […]

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Green Stocks July 2: Investors Remain Skittish As Trade Deadline Nears

While hopes of a good Q1 show might yet be alive, it is clear that for now, markets are more preoccupied with the looming deadline of July 9 for an India-US trade agreement. While the data has no special significance other than being an arbitrary target date, the fact remains that even a small deal, […]

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JSW Signs BESS Pact With Rajasthan Utility for 250 MW Project

SW Renew Energy Thirty Seven Ltd, a step-down subsidiary of JSW Energy, has signed a Battery Energy Storage Purchase Agreement (BESPA) with Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RVUNL) for a 250 MW/500 MWh standalone Battery Energy Storage System (BESS). The project will be developed on a Build, Own, and Operate (BOO) basis in Rajasthan. […]

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Still in the Dark: IRENA Urges Bigger Decentralised RE Push For 666 Mn People

The International Renewable Energy Agency (IRENA) has called for scaled-up, targeted financial support for decentralised renewable energy to help bring electricity to 666 million people in rural and vulnerable areas of developing countries. In its latest annual report tracking progress towards Sustainable Development Goal 7, IRENA highlighted the role of distributed renewable energy — including […]

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Business Development (C&I and BESS)

This role provides an opportunity to scale our stationary storage business (Utility scale BESS and C&I storage) and contribute to India’s decarbonization journey. The selected candidate will spearhead business development initiatives, with a focus on stationary energy storage application. This role will be responsible for riding those tailwinds and driving business growth for Cygni. Responsibilities: […]

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