BESS
SECI plans 500-MW solar thermal capacity tender by FY25-end: CMD
The India Energy Storage Week 2024 unveiled cutting-edge technologies like solid-state batteries and sodium ion solutions, offering Indian companies a gateway to the global battery market opportunities.
Serentica seeks partners for supply of 800 MWh battery energy storage systems
Serentica Renewables on Thursday said it has invited expressions of interest (EoIs) from interested players for supply of battery energy storage systems. "Serentica is seeking technical partners worldwide to supply BESS capable of delivering reliable energy storage. Serentica invites EoIs for 800 MWh standalone battery energy storage from across the world," it said in a statement.
Gensol Engineering bags another BESS project from GUVNL
Gensol Engineering secures an additional 250 MW/500 MW Battery Energy Storage System Project from GUVNL, increasing its order book to Rs 3,100 crore.
Kolkata Metro to get battery power for moving stranded train
Kolkata's Metro Railway is installing a Battery Energy Storage System in the Dakshineswar-New Garia corridor to move trains during power outages, enhancing safety and energy efficiency.
JSW Energy begins construction as part of its foray into battery storage services
JSW Energy has started construction on a Battery Energy Storage Project (BESS) to enter the energy storage services business, enabling the storage and release of renewable energy. They were awarded a 1.0 GWh battery storage project by SECI, with commissioning expected by June 2025. The company is also developing green hydrogen and steel projects, aiming to achieve 20 GW generation capacity and 40 GWh energy storage capacity by 2030.
DERC grants regulatory approval to Battery Energy Storage System with GEAPP's support
The project aims to provide 24/7 power to more than 12,000 low-income consumers.
Energy storage systems important to increase share of RE in power generation: ICRA
India aims for 40% renewable energy by FY2030, driven by RE capacity growth. Energy storage systems, especially BESS and PSP projects, play a crucial role in managing power intermittency, ensuring grid stability, and shifting peak loads to support the transition.
BJP Sankalp Patra: How BJP wants to make India a global hub for renewable energy
BJP's manifesto for 2024 polls focuses on energy independence by 2047, renewable energy expansion, ethanol blending, small modular reactors, and Battery Energy Storage Systems incentives.
Tata Power Solar Systems commissions 100 MW solar project with 120 MWh battery storage
TPSSL, a fully integrated solar company in India and a wholly owned subsidiary of Tata Power Renewable Energy Ltd (TPREL), has successfully commissioned the country's largest solar and BESS project comprising 100 MW Solar PV Project coupled with 120 MWh Utility Scale Battery Energy Storage System (BESS), at Rajnandgaon in Chhattisgarh.
Tata Power Solar completes India's largest solar-BESS project in Chhattisgarh
It comprises a 100 MW Solar PV Project and a 120 MWh Utility Scale Battery Energy Storage System (BESS). TPSSL secured the Rs 945 crore project from SECI in December 2021, handling engineering, construction, and commissioning of the projects.
Renewable Energy capacity to rise to 170 GW by March 2025, says ICRA
ICRA estimates India's RE capacity to reach 170 GW by Mar 2025, enhancing RE plus large hydro share in all-India electricity generation to 40% in FY30. RTC supply important. Tendering activity improving. Wind and solar with energy storage can achieve RTC. Challenges in wind energy segment. DSCR improvement. State discoms making improved payments.
How firm and dispatchable renewable energy is transforming India’s sustainable energy landscape
India aims to source 50% of electric power from non-fossil fuels and reduce carbon emissions by 45% from 2005 levels by 2030. The 2023 National Electricity Plan by the Central Electricity Authority (CEA) estimates the need for 486 GW of variable renewables (solar and wind) to achieve this target. Challenges posed by the high penetration of variable and intermittent renewable energy can be solved through firm and dispatchable renewable energy power, obtained by integrating energy storage systems.
Bring PLI scheme for critical components: Serentica Renewables
Serentica Renewables, which raised Rs 3500 crore for its power plants, wants the government to introduce a production-linked incentive scheme for critical components. The company has signed contracts to deliver 1600 megawatts of round-the-clock power to entities within the Vedanta group, requiring the construction of 4000 megawatts of capacity. The project will cost $3.1 billion, with $2.2 billion in debt financing.
India's energy shift: Major growth in renewables sets stage for a green 2024
Marking a significant milestone in India's green energy chronicle was the launch of the National Green Hydrogen Mission. The government's resolve in augmenting renewable energy was further underscored by its plan to infuse 50 GW of renewable energy capacity annually till FY28.
Indian renewable energy capacity expected to reach 170 GW by Mar ’25: ICRA
“The sharp decline in solar PV cell and module prices, abeyance of the ALMM order till March 2024, and the timeline extension approved for solar and hybrid projects is expected to lead to an improvement in RE capacity addition to 20 GW in FY2024 from 15 GW in FY2023," said Vikram V, Vice President & Sector Head - Corporate Ratings, ICRA.
Tata Power receives first set of BESS from Tata AutoComp
Tata AutoComp also inaugurated its manufacturing facility for state-of-the-art Battery Energy Storage System (BESS). The plant was inaugurated by Praveer Sinha, CEO&MD, Tata Power and Arvind Goel, Chairman, Tata AutoComp Systems Limited.
NLC India's green arm starts business operations
NLC India, a Navratna public sector company, has established a wholly-owned subsidiary called NLC India Green Energy (NIGEL) to focus on renewable energy projects. NIGEL aims to expand the renewable power generation capacity and plans to establish projects with a capacity of 6 GW by 2030. The company will develop projects in various parts of the nation and will also explore opportunities in battery energy storage systems. NIGEL will be responsible for participating in tenders, executing, and commissioning green energy projects.
Significant growth opportunities in Indian Battery Energy Storage System market: Industry players
Experts believe that there is a significant growth opportunity in the Indian Battery Energy Storage System market due to advancements in new battery technologies. Additionally, adopting sustainable recycling methods is crucial as the market for recycled EV batteries in India is predicted to reach 128 GWh by 2030.
Cabinet approves Rs 3,760 crore viability fund for battery systems; What is BESS and why is it needed
The scheme will boost the integration of renewable energy into the electricity grid, optimise utilisation of transmission networks, and reduce the need for costly infrastructure upgrades, the government said. The VGF scheme for the development of BESS is a much-required intervention for mobilising the first wave of such projects and enabling larger renewable energy installations, said Anish Mandal, partner at Deloitte India.
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