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Utility Scale Storage

Jakson Green secures INR 600 million to advance renewable energy projects

Jakson Green has secured a sustainable trade facility of INR 600 million ($7.2 million) from HSBC India. This funding will support the company’s working capital requirements for its renewable energy business, both in India and internationally.

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The role of renewable energy in achieving India’s net zero goals

The road to net-zero emissions in India doesn’t require herculean efforts. We can get there by wholeheartedly adopting renewables, investing in innovation and technology, and promoting public-private partnerships to build a better, cleaner, and more sustainable India for generations to come.

IndiGrid Q4 FY 2024 revenue grows 31% year-on-year

IndiGrid’s consolidated revenue for the quarter ended March 31, 2024 was up 31% to INR 7,856 million.

Policy uncertainty creates ‘gap’ between hydrogen aims and reality, says BNEF

BloombergNEF (BNEF) says in a new study of 1,600 planned hydrogen projects that governments will miss their 2030 hydrogen targets. Analyst Adithya Bhashyam tells pv magazine that most of the announced projects to the end of this decade lack the key conditions for success.

India expected to install 21.2 GW of solar in FY 2025

JMK Research projects 21.2 GW of new solar capacity addition in FY 2025. This will comprise 16.5 GW of utility-scale, 4 GW rooftop, and 700 MW off-grid installations.

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Hero Future Energies secures PPA for 150 MW renewables-plus-storage project  

Hero Future Energies has secured a power purchase agreement (PPA) with SJVN Ltd for a 150 MW firm and dispatchable renewable power project to be developed in Karnataka.

World’s largest compressed air energy storage project comes online in China

Zhongchu Guoneng Technology Co., Ltd. (ZCGN) has switched on the world’s largest compressed air energy storage project in China. The $207.8 million energy storage power station has a capacity of 300 MW/1,800 MWh and uses an underground salt cave.

China switches on first large-scale sodium-ion battery

China Southern Power Grid has deployed a 10 MWh sodium-ion battery in China’s Guangxi Zhuang region. It is the first phase of a 100 MWh project.

ReNew secures $1 billion from European bank Societe Generale

Societe Generale will provide up to $1 billion of debt finance and advisory solutions, over the next three years, to support the development of ReNew’s energy transition projects.

India to add more than 15 GW of renewable energy capacity annually in FY 2025 and FY 2026: India Ratings

India Ratings and Research expects India to maintain pace of renewables capacity addition owing to a significant drop in equipment prices, continued policy support, availability of liquidity, and investment plans of some of the large corporate players.

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