Solar Energy Corporation of India Ltd (SECI) has announced the financial results for its tender of 1.95 MW Solar PV Power Plant with 2.15 MWh battery storage systems at the Union Territory of Lakshadweep. SunSource Energy won the tender with the least bid of ₹ 23.5 crore. ... Read more
South Korea’s LG Chem Ltd plans to start producing batteries for Tesla Inc vehicles at a domestic factory this year after the U.S. electric carmaker raised orders to cope with demand, a person familiar with the matter said on Friday. “Tesla is asking not only LG Chem but other suppliers to incr... Read more
The Solar Energy Corporation of India (SECI) yesterday saw a record low winning tariff on Rs 2.36 per kilowatt-hour for its 2GW interstate transmission system (ISTS) solar PV project under (Tranche-IX). The winning tariff came from, Spanish solar power developer Solarpack. In the coming months, So... Read more
Mitsubishi Corporation said today that it is partnering with major Japanese telecoms provider NTT to “study cooperation” in renewables, energy management using electric vehicles and battery energy storage, while according to reports, NTT is investing around US$1 billion a year in renewable energ... Read more
A Concession Agreement for 600 MW hydroelectric project was inked between India and the Royal Government of Bhutan and Kholongchhu Hydro Energy Limited on Monday, June 29. The agreement was signed virtually in presence of Dr. S. Jaishankar, External Affairs Minister, Government of India and Lyonpo ... Read more
Siemens Energy has formed a partnership aimed at sustainably decarbonising the industrial sector with Norway-headquartered thermal energy storage company EnergyNest. EnergyNest makes what it calls Thermal Batteries, where a specially formulated concrete (which the company has trademarked Heatcrete)... Read more
Non-compliance to Renewable Energy Purchase Obligations (RPOs) of up to Rs 1 per kilowatt-hour (KWh) would lead to a huge rise in demand said Power and New and Renewable Energy Minister R K Singh on Friday. R K Singh was speaking at the BloombergNEF Summit where he added that this move would bring ... Read more
The Cabinet on Thursday decided to completely waive stamp duty and registration charges for the manufacture and sale of electric vehicles. Briefing reporters, Industries Minister Jagadish Shettar said the government sought to promote sale and manufacture of electric vehicles through this move. This... Read more
Indian Oil Corporation Ltd – country’s leading oil marketing company – on Friday announced collaboration with Sun Mobilty, to install lithium-ion battery swapping stations for electric vehicles in fuel stations across the country. First such battery swapping station was installed at one of IOC... Read more
After several states protested against the proposed amendments to the Electricity Act, alleging that the new provisions dilute their authority to appoint electricity regulators, the Centre is now considering continuing with the existing framework of separate selection committees for each state. Sev... Read more
Hyundai Motor Company, Kia Motors Corporation, and LG Chem recently announced the launch of a global competition to identify startups operating in EV and battery space for potential investment and collaboration. The jointly-sponsored “EV & Battery Challenge” (EVBC) will identify up to 10 EV... Read more
With the view to push domestic manufacturing and curb imports for solar power generating equipment from China the government is planning on imposing basic customs duty on imports on solar cells and panels. Government sources are mulling imposing a 20 percent BCD on solar equipment imports from Chin... Read more
