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Reliance Power clinches a groundbreaking 500 MW battery storage contract, revolutionizing India’s renewable energy landscape and setting competitive tariff benchmarks.

Reliance Power clinches a groundbreaking 500 MW battery storage contract, revolutionizing India’s renewable energy landscape and setting competitive tariff benchmarks.

Reliance Power has made a significant move into the renewable energy and storage sector by securing a 500 MW battery storage contract through an auction organized by the Solar Energy Corporation of India. The e-reverse auction, held on September 11, 2024, aims to boost the country’s energy storage capabilities. Reliance Power’s bid features one of ...

Market News

At the 4th RE-Invest Summit, India commits 6 billion to renewable energy, aiming for 500 GW capacity by 2030.

At the 4th RE-Invest Summit, India commits $386 billion to renewable energy, aiming for 500 GW capacity by 2030.

At the 4th RE-Invest Summit, Union Minister Pralhad Joshi announced that banks and financial institutions have pledged nearly $386 billion to renewable energy projects in India. Since 2014, India’s renewable energy capacity has surged by 175%, with solar capacity increasing 33 times. The country aims to reach 500 gigawatts of renewable energy by 2030, surpassing ...

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Coal India plans a massive investment in coal power, clinging to fossil fuels as India’s energy demand surges, sparking environmental concerns.

Coal India plans a massive investment in coal power, clinging to fossil fuels as India’s energy demand surges, sparking environmental concerns.

Coal India Ltd. is set to invest approximately 670 billion rupees (around $8 billion) to build coal-fired power plants near its mines, emphasizing the country’s ongoing reliance on coal for electricity. With approval for 4.7 gigawatts of new power generation in Odisha and discussions for an additional 2 gigawatts, the move highlights India’s forecasted surge ...

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JSW Energy secures a 600 MW wind-solar project, boosting its capacity to 18.2 GW, while eyeing carbon neutrality by 2050.

JSW Energy secures a 600 MW wind-solar project, boosting its capacity to 18.2 GW, while eyeing carbon neutrality by 2050.

JSW Energy’s subsidiary, JSW Neo Energy, has secured a 600 MW wind-solar hybrid power project from Maharashtra State Electricity Distribution Company (MSEDCL). This new project boosts JSW Energy’s total locked-in generation capacity to 18.2 GW, which includes a hybrid capacity of 3.8 GW. The company aims to increase its installed generation capacity to 10 GW ...

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Gautam Adani pleads for 0 million payment from Bangladesh, highlighting significant investments and commitment to energy security amid financial strain.

Gautam Adani pleads for $800 million payment from Bangladesh, highlighting significant investments and commitment to energy security amid financial strain.

Gautam Adani, chairman of Adani Group, has reached out to Muhammad Yunus, the advisor to the Bangladesh government, to speed up the clearance of $800 million owed by the Bangladesh Power Development Board for electricity supplies. In his letter, Adani highlighted the urgency of the situation, emphasizing the need for regular payments while fulfilling supply ...

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Modi’s UAE Pact: Energy Boost or Politically Charged Play? Leaders Dance Amid Global Crises and Public Scrutiny!

India and the United Arab Emirates (UAE) have strengthened their energy cooperation by signing four agreements during Prime Minister Narendra Modi’s meeting with Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan. Key agreements include a long-term LNG supply deal between Abu Dhabi National Oil Company (ADNOC) and Indian Oil Corporation, along ...

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Ather Energy aims to raise Rs 4,500 crore for expansion amidst India’s booming EV market, despite widening losses and fierce competition.

Ather Energy aims to raise Rs 4,500 crore for expansion amidst India’s booming EV market, despite widening losses and fierce competition.

Ather Energy, an Indian electric scooter manufacturer, has filed for a ₹4,500 crore (approximately $536 million) initial public offering (IPO) at a valuation of $2.5 billion. This move comes as the company aims to enhance its presence in the booming electric vehicle Market, following the recent IPO of competitor Ola Electric. From the total offering, ...

Market News

India’s renewable energy ambitions are stifled by insufficient weather forecasting, jeopardizing safety and profitability in a rapidly evolving landscape.

India’s renewable energy ambitions are stifled by insufficient weather forecasting, jeopardizing safety and profitability in a rapidly evolving landscape.

India’s renewable energy sector is facing challenges due to inadequate weather forecasting, according to industry leaders. At the BloombergNEF Summit in New Delhi, experts highlighted that the country’s low density of weather stations and infrequent data collection hinder the performance of wind farms and overall clean energy production. Improved weather models are essential for optimizing ...

Market News

India’s Energy Market Soars: Prices Plummet Amid Renewable Revolution

India’s Energy Market Soars: Prices Plummet Amid Renewable Revolution

In August 2024, the Indian Energy Exchange (IEX) reported a significant rise in total trade volume, increasing by 35.8% year-on-year to reach 12,040 million units. Electricity trading also grew, with a 17.1% rise to 9,914 million units. The Market Clearing Price in the Day-Ahead Market dropped 38% to Rs 4.28 per unit, while the Real-Time ...

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