Favorable government policies have played a crucial role in driving the adoption of solar energy in emerging economies. However, investment in grid modernisation and energy storage solutions is crucial to unlock the next level of sustainable solar integration in these economies.
A strong pipeline exists, and SBICAPS expects cumulative 50 GW of solar and wind additions in FY 2025 and FY 2026.
The consortium of Hitachi Energy India Ltd and Bharat Heavy Electricals Ltd (BHEL) will design and execute the high-voltage direct current (HVDC) link to transmit renewable energy from Khavda in Gujarat to the industrial center of Nagpur in Maharashtra.
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.
Tata Power has reported a net profit (profit after tax) of INR 1,533 crore in July-Aug.-Sep quarter of FY 2024-25, up 51% year-on-year.
Hitachi Energy’s Grid-enSure portfolio comprises high-voltage direct current (HVDC), static compensator, static frequency converter, medium-voltage direct current solution, energy storage and semiconductor solutions to address the challenges in integrating renewables into power systems.
Hartek Group has surpassed 10 GW of solar projects across its power systems, transmission and distribution (T&D), and renewable EPC business units.
Apraava Energy has secured a new interstate transmission project backing evacuation of 5.5 GW of renewable power from Rajasthan’s Renewable Energy Zone Phase IV, covering the Jaisalmer and Barmer regions.
The Utilities for Net Zero Alliance is an international platform for enhancing the co-operation within the power and utilities sector to accelerate the adoption of renewables and overcome common barriers in the realisation of global net zero ambitions.
Larsen & Toubro has secured orders for HVDC transmission line and GIS packages in Middle East.
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