Tata Power secures PPA with SJVN for 460 MW renewables-plus-storage project
Tata Power Renewable Energy Ltd will develop a hybrid plant comprising solar, wind, and battery storage components to meet the 460 MW firm and dispatchable renewable power requirement.
Adani Green Energy revenue up 33% YoY to INR 7,735 crore
Adani Green Energy Ltd (AGEL) also reported its operational capacity grew 35% YoY to 10,934 MW with greenfield addition of 2,418 MW solar and 430 MW wind projects. The company’s renewable energy capacity target is now revised upwards to 50 GW by 2030.
Declining battery costs to boost adoption of battery energy storage projects: ICRA
Battery prices reached an all-time low in 2023 led by the moderation in raw material prices amid the increase in production across the value chain
India installed 15 GW of solar capacity in FY 2024: CEEW-CEF
India added 18.5 GW of renewable energy generation capacity in FY 2024, comprising 81% (15 GW) from solar (grid-scale and rooftop).
Scientist hails commercial feasibility of Saudi Arabian hydrogen city plan
Alberto Boretti was a senior research professor at Prince Mohammad Bin Fahd University in 2021 when he first started discussing the idea of a hydrogen city in Al Khobar, Saudi Arabia. The New Zealand-based independent tells pv magazine that it is now commercially feasible, as the city’s 200 MW of energy demand would necessitate 1 GW to 1.3 GW of solar and wind capacity, 509 MW to 997 MW of electrolysis capacity, and 145,000 MWh of hydrogen storage capacity.
IEA calls for sixfold expansion of global energy storage capacity
The International Energy Agency (IEA) has issued its first report on the importance of battery energy storage technology in the energy transition. It has found that tripling renewable energy capacity by 2030 would require 1,500 GW of battery storage.
Sodium-ion battery could charge in several seconds
Researchers at the Korea Advanced Institute of Science and Technology (KAIST) have identified a high-energy, high-power hybrid sodium-ion battery capable of charging in just a few seconds. The system integrates anode materials typically used in batteries with cathodes suitable for supercapacitors.
Indian startup develops sand-based gravity energy storage system
Baud Resources, a cleantech start-up, has developed a gravity energy storage mechanism that uses locally available materials like sand and industrial waste as its payload. The company is expected to announce its inaugural commercial plant by the end of this year, with completion expected in 2025. The plant will have a 100 MWh capacity and offer a levelized cost of storage of around INR 2.5/kWh.
India’s 10 GWh tender draws seven bids to set up giga-scale battery cell manufacturing facilities under PLI scheme
Bids were received for seven times the manufacturing capacity of 10 GWh to be awarded.
Sterling and Wilson Renewable Energy revenue up 51% YoY
Sterling and Wilson Renewable Energy has reported consolidated revenue of INR 3,035 crore in FY 2024, 51% up year-on-year. The company’s unexecuted order book surpassed INR 8,000 crore.
