IndiGrid, IFC partner to build 180 MW/360 MWh battery storage project in Gujarat
International Finance Corp. (IFC) has committed INR 4.6 billion (around $55 million) in long-term financing to IndiGrid to support the deployment of a 180 MW/360 MWh standalone battery energy storage system project in Gujarat.
Enfinity closes $245 million for 22 GW solar-storage portfolio
Enfinity Global has secured a $245 million credit facility expansion to fund development, construction, and operation of its 22 GW solar and energy storage pipeline across the United States.
JSW Energy secures BESPA for 250 MW/500 MWh battery storage project in Rajasthan
JSW Renew Energy Thirty Seven has signed battery energy storage purchase agreements (BESPA) with Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RVUNL) for 250 MW/500 MWh of standalone battery energy storage system in Rajasthan.
VGF incentive cut may raise BESS tariffs by 10%, but impact likely temporary: SBICAPS
A new report by SBICAPS anticipates that the incentive cut under the second phase of the viability gap funding (VGF) scheme for standalone battery energy storage systems (BESS) could lead to a tariff increase of around 10%. However, it adds, this increase is manageable and could be absorbed in the coming months as capex costs continue to decline.
Redwood, Crusoe deploy second-life batteries at AI data center for 63 MWh storage
The second-life project represents the second largest deployment in North America, and the largest battery-powered microgrid.
Hindustan Power secures 100 MW solar, 200 MWh battery storage project from SJVN
Hindustan Power has secured a Letter of Award from SJVN Ltd to develop a 100 MW interstate transmission system (ISTS)-connected solar power project paired with a 200 MWh battery energy storage system.
AM Green acquires stake in Greenko from ORIX
The stake acquisition enhances AM Green’s upstream integration with Greenko, which runs over 10 GW of renewable and pumped storage assets and is building the world’s largest “Intelligent Energy Storage Cloud Platform.”
THDCIL signs 184.08 MW PPA with GUVNL for Tehri pumped storage project
State-run hydropower company THDC India Ltd (THDCIL) has signed a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Ltd (GUVNL) for the supply of 184.08 MW of clean power from India’s first variable-speed pumped storage project at Tehri, Uttarakhand.
From trash to treasure: Is India ready for battery recycling revolution?
Given the demand and the unavailability of Lithium, Nickel, Cobalt, Manganese, and Rare Earth Elements (REEs) in sufficient quantities, as a nation, we may be staring at a scenario we had with crude.
Acme Solar wins 275 MW/550 MWh standalone BESS project in Andhra Pradesh
Acme Solar Holdings has emerged as the winning bidder for 275 MW/550 MWh of standalone battery energy storage systems (BESS) across two projects in Andhra Pradesh.
