REC eyes up to INR 3 lakh crore lending for renewables by 2030
The state-owned power finance company aims to meet 20% of the INR 15 lakh crore ($181.25 billion) financing requirement for India’s targeted 500 GW of installed RE (non-fossil fuel) capacity.
Ayana to supply 300 MW of round-the-clock renewable power to REMCL
Ayana Renewable Power will develop over 1 GW of renewable energy capacity comprising solar and wind, supplemented with a storage solution, to ensure round-the-clock power supply.
India’s optimal electricity generation mix for 2029-30
A new study by Central Electricity Authority assesses the least-cost, optimal generation capacity mix to meet India’s projected electricity demand for the year 2029-30.
Strong policy focus needed to drive pumped storage development
Despite being a mature and largely indigenous technology, pumped storage hydropower’s operational capacity in India remains very low at 3.3 GW because of the high development costs and inherent challenges in constructing these schemes.
NTPC launches 1.5 GW/9 GWh energy storage tender
NTPC Renewable Energy Ltd is accepting bids to develop a cumulative 1.5 GW/9 GWh of energy storage capacity on a build-own-operate basis anywhere in India. It will utilize the energy storage facility to meet its round-the-clock renewable and/or peak power supply requirements. Bidding closes on June 16.
Su-Kam Power Systems to establish sustainable energy storage park in Himachal Pradesh
Su-Kam Power Systems has signed a memorandum of understanding with Himachal Pradesh government to establish a sustainable energy storage park in the state. It plans to invest around INR 300 crore to manufacture renewable, e-mobility, and solar energy products in this park in the near future.
Jakson Green’s global order book surpasses 1 GW
The company has won large-scale renewable energy EPC projects in Africa and Middle-East regions. Its India portfolio includes an order to construct the single largest commercial and industrial solar park in Rajasthan.
Rock-based thermal energy storage production moves into gigawatt scale
Israeli company Brenmiller is set to launch a 4 GW to 5 GW production line for its thermal energy storage systems, which use crushed rocks to retain heat that can be released as steam, hot water, or hot air.
Tata Power Delhi discom signs $20.2 million financing deal with ADB
Tata Power will use the secured financing to enhance Delhi’s power distribution through grid enhancements and a battery energy storage system.
‘Least-cost’ model for compressed air energy storage
Stanford University researchers have created a model to assess how much compressed air storage capacity might be needed for the deep decarbonization of power systems, while compensating for the variability of wind and solar-based power systems. They applied the model to California’s energy system and found that compressed air could be very competitive on a dollars-per-kilowatt-hour basis.
