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Odisha Govt Approves INR 14,489.78 Crore Investment in Solar Manufacturing and Energy Storage
The Odisha government has approved proposals from Grew Energy, Jupiter International, Jakson Engineers and Saatvik Solar to set up solar cell and module manufacturing facilities in the state. It also greenlighted two energy storage proposals from TACC Ltd. and Odisha Hydro Power Corporation.
Pumped Hydro Storage | November 30, 2024 | By Mrinmoy Dey | 1857
Tata Power Secures USD 4.25 Billion from Asian Development Bank for Clean Energy Power Projects
Tata Power has signed an MoU with the Asian Development Bank (ADB) to evaluate financing of USD 4.25 billion for Tata Power’s various ongoing clean energy and power infrastructure projects in India including 966 MW solar-wind hybrid project, and pumped hydro storage projects.
Pumped Hydro Storage | November 21, 2024 | By Mrinmoy Dey | 806
India’s RE Capacity to Hit 250 GW Mark by March 2026: ICRA
Rating agency ICRA has predicted that India’s renewable capacity addition is estimated to exceed 26 GW in FY 2025 and further increase to 32 GW in FY 2026, driven by the large project pipeline. Energy storage requirement is estimated at nearly 50 GW by 2030 to integrate the rising share of renewables in the generation mix.
Pumped Hydro Storage | November 19, 2024 | By Mrinmoy Dey | 617
MERC Proposes 7 Percent Flexible Demand After 5 Years in Draft Regulations 2024
The draft regulation proposed that after year five, the distribution licensees shall follow the process of seven percent flexible demand being made available to the grid compared to the previous year’s reported peak demand, or any variation proposed by the Commission.
Pumped Hydro Storage | August 31, 2024 | By EI News Network | 637
India Allocates Over 8 GW in Energy Storage Tenders: IEEFA Report
An in-depth analysis of India's burgeoning ESS sector reveals its poised growth in the coming years, aligning with the exponential rise of the renewable energy sector globally.
Pumped Hydro Storage | December 21, 2023 | By Abha Rustagi | 1621
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