Solar projects aggregating to 500 MW are on the anvil. These projects are planned in the state during the fiscal year 2023-24.                                                                                                                

The US-based company has been granted patents in India and China for its smart battery management system that monitors the thermal storage capacity of the phase-change material and automatically adjusts the power output of the battery packs and cells.

The non-banking finance company, under the power ministry, has signed agreements to provide financial assistance of over INR 1 lakh crore ($12.3 billion) for various power and infrastructure projects in Uttar Pradesh. This includes INR 45,350 crore for 10 GW of renewable energy capacity addition.

Servotech Power Systems has supplied 1,400 EV chargers in a span of three months in various cities across India.

Rajasthan Urja Vikas Nigam Ltd is accepting bids to develop 1 GW of solar PV projects in Rajasthan, connected to the state transmission utility grid. Minimum bid capacity is 50 MW.

Rajasthan-based Rays Power Infra has switched on Bangladesh’s largest solar power plant of 275 MW DC. It completed the project within the scheduled timeline of 14 months.

The private-sector power producer has been awarded 500 MW/1 GWh of standalone, grid-connected battery energy storage projects by the Solar Energy Corp. of India Ltd. It will set up the projects on a build-own-operate-transfer basis.

The developer’s arm Adani Renewable Energy Holding Two has signed a deal to acquire a 50% stake in Essel Saurya Urja Co. of Rajasthan Ltd (ESUCRL) from Essel Infraprojects Ltd, for INR 15 crore. The remaining 50% equity of ESUCRL will continue to be held by the Government of Rajasthan.

At Hydrogen India Summit 2023, Black & Veatch pinpointed business models that will hasten India’s shift to cleaner fuels like green hydrogen.

Corporate decarbonization, value chain integration, wind-solar hybrid projects, battery energy storage, offshore wind, green hydrogen, and value-added offerings such as energy-as-a-service are key trends and technologies shaping up India’s renewable energy sector and offering ample scope for investments.