Daily News Wrap up: Global Battery Deployment Surges 15%, BESS Gains 55%

Exclusives

Global Battery Deployment Surges 15%, BESS Gains 55%

2024 marked a year of continued growth and adaptation in the global battery industry. Global electric vehicle (EV) sales climbed 25% to 17.7 million units, with Battery Electric Vehicle (BEV) demand up 14%, while Plug-in hybrid electric vehicles? (PHEV) demand surged 50%. For the first... Read More.

Green Stocks March 4: Some Respite For Green Stocks

The stock market today saw a marginal growth today after a long halt, with companies like Borosil Renewables gaining 5%. Other companies on the green stocks list saw a price increase. These included Sterling and Wilson Renewable and Acme Solar. On the other hand, Gensol... Read More.

RENEWABLE ENERGY NEWS

Hindustan Power, Tata & Adani Commit Investments In Assam’s Power Sector

Marking a major step in Assam’s renewable energy sector, companies like Adani Group, Tata Power, and Oriana Power have announced investments in the state for the coming year. For instance, Ratul Puri’s Hindustan Power has signed a Memorandum of Understanding (MoU) with the Assam government... Read More.

Enfinity Eyes Expansion in Gujarat, Andhra, TN & Beyond

How has been Enfinity's journey in India's solar sector till now?? We started with smaller projects, gradually expanding our footprint to develop a robust and diversified portfolio. In our initial years, we successfully executed 85 rooftop solar installations and 20 ground-mounted projects, laying a strong... Read More.

Grew Solar Plans To Enter Foreign Markets, Eyes Exports By CY25

Can you give an overview of the journey of Grew since its inception? GREW Solar has been strengthening its presence in India since its inception in 2022. The first production unit was set up at Dudu, close to Jaipur, Rajasthan, which has been successfully operating... Read More.

Inconsistent Policies On Hybrid Inverters Affecting Growth: Tiku

Notwithstanding the clarity coming from the Ministry of New and Renewable Energy (MNRE) on the applicability of hybrid inverters PM Surya Ghar, its adoption seems to be hit by several hurdles. Inverter manufacturers said that the lack of clarity on the policy has affected their... Read More.

PM-KUSUM Comp A: JDVVNL Issues Tender To Build 101.15 MW Solar Projects

Jodhpur Vidyut Vitran Nigam Limited (JDVVNL) has issued Expression of Interest (EoI) invite proposal to build a total 101.15 MW grid-connected solar project under PM-KUSUM Comp-A. It has sought bids until March 7, 2025? JDVVNL latest tender includes the work of design, survey, supply, installation,... Read More.

JSW Energy Adds 159 MW Wind Power, Total Capacity At 2.8 GW

Mumbai-based JSW Energy has added 159 MW of new wind power capacity this quarter, bringing its total operational capacity to 8,400 MW. This expansion comes ahead of the wind season and can help meet the rising energy demand during the upcoming peak period.? Following this... Read More.

Suzlon’s Order Book Touches Its Historic High At 5.9 GW

Suzlon has secured a third order of 204.75 MW from Jindal Green Wind 1 Pvt. Ltd., a subsidiary of Jindal Renewables.? This partnership is also now Suzlon’s largest Commercial & Industrial (C&I) order with a cumulative capacity of 907.20 MW. Earlier, Suzlon secured two orders... Read More.

Global Offshore Wind Auctions Set To Fall In 2025, After 2024 Surge, Finds Study

The global offshore wind industry is poised for a rebound in 2025, with capacity additions expected to reach 19 gigawatts (GW) and sector-wide expenditure projected to hit $80 billion, according to research from Rystad Energy. This recovery follows a slowdown at the end of last... Read More.

EV's & Storage News

ITU, Huawei Release White Paper On Lithium Batteries For Telecom Sites

International Telecommunication Union (ITU) and Huawei jointly released White Paper on Lithium Batteries for Telecom Sites, the first of its kind in the world. The white paper advocates the use of "high-quality lithium batteries", requires that batteries offer excellent performance parameters, and emphasizes the importance... Read More.

10 Indian Companies Plan To Set Up Gigafactories In India

The Volta Foundation in its latest? 2024 report, based on its Gigafactory track, has identified 10 Indian companies planning major expansions in India’s battery sector. Some of the key players include Reliance in Gujarat (50 GWh), Amara Raja in Telangana (16 GWh), Exide in Karnataka... Read More.