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IEX power market update, June 2023
IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 272 MU volume during June ‘23, versus 540 MU achieved in June ’22. The segment achieved 910 MU during Q1 FY’24.
Sunsure Energy signs a 4.5 MWp open access solar PPA with Allana Group
Through the PPA, Sunsure Energy will be supplying over 6.7 million units of green power to Allana’s Unnao factory. This will enable them to offset of over 5.4 million kgs. of CO2 yearly for the next 25 years.
BHEL extends gas turbines agreement with General Electric
As per the agreement, BHEL shall also be able to supply GTs with fuel blends viz. Hydrogen, Methanol, Syngas etc. and in hybrid configuration contributing further towards accelerating the energy transition in India.
Arctech forays into Israel with 11.457 MW solar tracking solution
Israel is rapidly promoting renewable energy, with the government setting a renewable energy target of 30% by 2030 – roughly equivalent to the construction of approximately 12 GW of solar plants.
Risen Energy signs 1GW HJT module supply agreement with Athein
As an IPP platform company, Athein Holding Pte Ltd has a critical role in driving the development of renewable energy infrastructure in Southeast Asia and India. Through this venture, Risen Energy will contribute to Athein Holding Pte Ltd’s mission to acquire, develop, build, and operate utility-scale and rooftop solar projects in these regions.
HPL Electric & Power receives INR 903 crore smart meter orders
These orders further bolsters HPL’s total pending pipeline order book, now totaling INR 2250+ crores as of the date of this release.
Lithium iron phosphate batteries market worth $35.5 billion by 2028
Lithium Iron Phosphate Batteries Market is projected to reach USD 35.5 billion in 2028 from USD 17.7 billion in 2023 at a CAGR of 14.9% according to a new report by MarketsandMarkets.
IREDA Achieves highest-ever loan sanction, loan disbursement and profit in FY 2022-23
The company aims to raise awareness of new products and has already launched financing solutions for emerging areas such as E-mobility, green hydrogen, and green transmission.
AMO Mobility, Trigo Electric join forces on 10,000 electric bikes to drive last-mile logistics revolution in India
Under a newly signed Memorandum of Understanding (MoU), Trigo Electric will procure 10,000 electric bikes from AMO Mobility within six months.
Gruner Renewable Energy and Sanmish Energies forge joint venture to establish Bio CNG pump infrastructure
The joint venture has signed a one-year contract with the goal of developing 100 BIO CNG pumps by the end of the current financial year, spanning across India.
