Masdar Acquires 1 GW Renewable Energy Portfolio in Poland
Abu Dhabi Future Energy Company, Masdar, along with Taaleri Energia, a Finland-based renewable energy developer, have acquired eight hybrid renewable energy projects in Poland with a combined capacity of 1 GW from Domrel Biuro Usług Inwestycyjnych. The projects are under construction and will deploy solar photovoltaic and onshore wind technologies. Once in operation, they are […]
Read MoreHPCL Invites Bids for 100 MW Solar Project in Andhra Pradesh
Hindustan Petroleum Corporation (HPCL) has invited bids to design, engineer, supply, construct, erect, test, and commission a 100 MW solar power project at Galiveedu village in Annamayya district, Andhra Pradesh. The scope of work also includes five years of operations and maintenance (O&M) of the project. The last date for the submission of bids is […]
Read MoreUniqus Acquires Goodera to Bolster its ESG Practice
Uniqus Consultech has acquired Goodera’s global business that helps corporates manage their sustainability programs by automating the collection, maintenance, and approval of their ESG data. Uniqus, based in the U.S., India, and the Middle East, is a tech-enabled platform offering ESG accounting and reporting consulting. The acquisition, part of Uniqus’ strategy to integrate technology to […]
Read MoreSolar Open Access Installations Surge With 907 MW Added in Q3 2023
India saw a surge in solar open access installations with the addition of 907 MW in the third quarter (Q3) of 2023, a 36.1% increase over 666 MW in the previous quarter, according to the recently published Q3 2023 Mercom India Solar Open Access Market Report. The installations showed a growth of 20.6% from the […]
Read MoreRECPDCL Invites Bids for 250 MW Solar Projects with Greenshoe Option
REC Power Development and Consultancy (RECPDCL) has floated a tender to set up 250 MW Inter-State Transmission System (ISTS)-connected solar power projects anywhere in India with an additional greenshoe option of 250 MW. The last date for the submission of bids is December 29, 2023. Bids will be opened on January 2, 2024. The projects […]
Read MoreBPCL Issues Tender for 100 MW Wind Projects in Madhya Pradesh and Maharashtra
Bharat Petroleum Corporation (BPCL) has issued a request for proposal to set up 100 MW (±5%) wind power projects in Madhya Pradesh and Maharashtra on a lumpsum turnkey basis. The scope of work includes setting up 25 MW (±5%) wind projects across two lots each in Madhya Pradesh and Maharashtra. Each lot must have a […]
Read MoreGraphite India Forays into Battery Tech with ₹500 Million Investment in GODI
Graphite India (GIL), a graphite electrode manufacturer, has entered into a definitive transaction to invest ₹500 million (~$6 million) in compulsory convertible preference shares of GODI India Private (GODI India), a battery technology company. GODI India, backed by Blue Ashva Capital, specializes in advanced chemistry research and development to support the manufacturing of sustainable batteries […]
Read MoreEV Manufacturers Received ₹52 Billion in Subsidies Until December 1, 2023
Subsidies worth ₹52.28 billion (~$627 million) have been disbursed to electric vehicle (EV) manufacturers on the sale of ~1.15 million EVs, as of December 2023, in a bid to improve faster adoption of EVs in India, Ministry of Heavy Industries informed the Lok Sabha. The subsidies are under the Faster Adoption and Manufacturing of Electric […]
Read MoreGoa Invites Bids for 2.25 MW Solar Project at Mormugao Port
Goa Energy Development Agency (GEDA) has invited bids to develop a 2.25 MW ground-mounted solar power project with virtual net metering on a turnkey basis at Mormugao Port under the capital expenditure model. The last date to submit the bids is December 26, 2023. Bids will be opened on December 29. The scope of work […]
Read MoreAt $139/kWh, Lithium-Ion Battery Pack Prices Hit All-Time Low
Prices of lithium-ion battery packs have dropped by 14% to a record low of $139/kWh this year due to falling raw material and component prices, research firm BloombergNEF (BNEF) has found. The prices have dropped even as production capacity increased across all parts of the battery value chain. Battery pack prices saw an unprecedented rise […]
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