Hygenco, Al Jomaih Energy to jointly explore green hydrogen projects in Saudi Arabia
Hygenco develops end-to-end green hydrogen and green ammonia assets on a build-own-operate and build-own-operate-transfer basis.
REC approves over $1.1 billion in debt funding for solar-wind, pumped storage projects
The state-owned power finance company has approved a debt funding of INR 6,075 crore (around $731 million) to Greenko’s 1.44 GW pumped storage project and over INR 3,081 crore ($371 million) to Serentica Renewables’ 560 MW solar-wind hybrid project.
Dubai’s 250 MW/1,500 MWh pumped-storage project nearing completion
Dubai Electricity and Water Authority’s (DEWA) Hatta pumped-storage hydroelectric power plant is now 74% complete, and it is expected to begin operations in the first half of 2025. The facility will also store electricity from the 5 GW Mohammed bin Rashid Al Maktoum Solar Park.
Serentica Renewables secures INR 2,600 crore in debt funding from PFC
The funding from PFC will go towards the development of Serentica’s upcoming 400 MW hybrid wind-solar power projects in Karnataka.
The Battery Cycle: NMC, LFP, LTO – What’s the difference?
With battery storage such a crucial aspect of the energy transition, lithium-ion (li-ion) batteries are frequently referenced but what is the difference between NMC (nickel-manganese-cobalt), LFP (lithium ferro-phosphate), and LTO (lithium-titanium-oxide) devices and their underlying chemistry?
Avaada Energy, Al Jomaih to collaborate on renewable energy projects in the Middle East
Avaada Energy and Al Jomaih Energy and Water (AEW) have signed a Memorandum of Understanding (MoU) to collaborate on renewable power projects, including solar, wind, hybrid, and battery energy storage solutions in the Middle East.
India, USA to set up $1 billion renewable infrastructure investment fund
India’s National Investment and Infrastructure Fund and the U.S. Development Finance Corp. will provide up to $500 million each to anchor a $1 billion fund to support the deployment of renewable energy projects in India.
Cabinet approves viability gap funding scheme for battery storage development
Through the viability gap funding (VGF) scheme, the Indian government targets the development of 4 GWh of battery energy storage systems (BESS) by 2030-31. The selection of BESS developers for VGF grants will be carried out through a transparent, competitive bidding process.
Jakson Green hits INR 5,000 crore renewable order book within a year
Jakson Green has won utility-scale renewable EPC projects in West African, the Gulf Cooperation Council (GCC), and Commonwealth of Independent States (CIS) countries, in addition to significant solar contracts in Madhya Pradesh and Gujarat.
Government considering viability gap funding, ALMM mandate for battery storage projects
The Indian government is considering financial incentives such as viability gap funding and green finance to encourage the adoption of energy storage systems in the country. It may also issue an Approved List of Models and Manufacturers (ALMM) mandate for battery storage systems for power sector applications.
