NTPC, ONGC form joint venture company for renewable energy, storage projects
ONGC NTPC Green Pvt Ltd will explore and set up renewable energy (RE) projects in India and overseas through greenfield development and acquisitions. It will also explore and harness opportunities in the fields of energy storage, e-mobility and ESG (Environmental, Social and Governance) compliant projects.
Testing to start on 100 MWh sand-based thermal battery in Finland
Finnish startup Polar Night Energy is building an industrial-scale thermal energy storage system in southern Finland. The 100-hour, sand-based storage system will use crushed soapstone, a by-product from a fireplace manufacturer, as its storage medium.
IndiGrid, BII, and Norfund form $300 million platform to develop greenfield transmission and BESS projects in India
IndiGrid has partnered with British International Investment (BII) and Norfund to form a $300 million platform, EnerGrid, to develop greenfield transmission and standalone battery energy storage system (BESS) projects in India.
Driving India’s green energy transition: Effective government policies and incentives
If India is to lead the global green energy revolution, the nation needs to take several key measures such as redirecting financial support from traditional energy sources to clean energy technologies, introduction of a well-structured carbon pricing mechanism, and incentivizing emerging technologies.
Rajasthan tenders up to 2 GWh of battery energy storage capacity
Rajasthan Vidyut Utpadan Nigam Ltd is accepting bids to develop standalone battery energy systems (BESS) for an aggregate storage capacity of 1,000 MWh (500 MW x 2 hours) in Rajasthan. It may allot additional capacity up to 500 MW/1,000 MWh under Green Shoe option.
Reliance Power claims ‘fraud’ by third party, to challenge SECI ban
In a stock exchange filing later today, Reliance Power said it will take all legal steps to challenge SECI’s action that bars the company from participation in future government tenders for three years.
India’s climate policies to reduce 4 billion tonnes of CO2 emissions between 2020 and 2030: CEEW Study
India’s climate policies on power, transport and residential sectors, such as scaling renewables to advancing energy efficiency and electric mobility, have already mitigated 440 million tonnes of carbon dioxide (MtCO2) between 2015 and 2020, and are on track to save 3,950 MtCO2 emissions between 2020 and 2030. However, achieving net-zero by 2070 needs bolder action.
Concentrated solar power, a much cheaper solution than batteries for energy storage
By offering cheap energy storage, concentrating solar power has a huge potential. However, it requires international standards to become a competitive market proposition.
India’s expanding battery energy storage ecosystem presents INR 3.5 trillion investment opportunity till FY 2032
An SBICAPS report says funding of the battery energy storage ecosystem in India (spanning the project as well as the upstream level) presents an INR 3.5 trillion opportunity till FY32, with an INR 800 billion medium-term investment potential provided by upcoming cell manufacturing capacities.
Rajasthan, Gujarat need policy interventions to sustain leadership in renewable energy deployment: IEEFA
A new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) recommends lower incremental green tariffs, dedicated infrastructure funds, green budgeting, scaling up distributed renewable energy and advancing grid modernisation and energy storage to cement Gujarat and Rajasthan’s leadership in renewable energy deployment.
