Key Points
GoodEnough Energy said on Tuesday it will start operations at India's first battery energy storage gigafactory in the northern region of Jammu and Kashmir by October...
GoodEnough has already spent 1.5 billion rupees ($18.07 million) on the 7 gigawatts per hour (GWH) facility and will spend 3 billion rupees by 2027 to raise capacity to 20 GWH, said its founder Akash Kaushik...
Battery energy storage projects are critical to India's ambitious plan to expand its renewable energy capacity to 500 gigawatts (GW) by 2030, from 178 GW at present.. India's government is offering $452 million in incentives to companies under a programme to promote battery storage projects...
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India’s first battery storage gigafactory to start operating by October in Jammu and Kashmir; to help cut 5 million tons carbon emissions per year
19, Mar, 24India Business News: GoodEnough Energy plans to establish India's premier battery storage gigafactory in Jammu and Kashmir, targeting a significant reduction in carbon emi
Explainer: How India can step up clean power to achieve 2/3rd of its capacity in renewable sector
12, Jun, 23By 2032, India plans to have two-third of its power capacity in the renewable sector.
MG Motor India partners Lohum for second-life EV battery solution
05, Jun, 23The initial offering under the partnership will be a 100% off-grid, 5kWh Battery Energy Storage System (BESS) to meet the essential energy needs of urban and rural India
India's Reliance unveils swappable, multipurpose batteries for EVs
04, Oct, 23Indian oil refining giant Reliance Industries showcased its swappable and multipurpose battery storage technology for electric vehicles (EVs) on Wednesday, as it makes a big push on clean energy.
Committed to achieve 50 pc of renewable power sources ahead of 2030, says official
12, Jan, 24India aims to achieve its target of 50% renewable energy capacity by 2030, ahead of schedule. The country plans to have 485 GW of renewable energy out of a total capacity of 500 GW from non-fossil sources. Currently, renewable energy accounts for over 42% of India's total energy capacity. The renewable energy capacity has increased from 76 GW in 2014 to 180 GW at present. Another 175 GW of renewable energy capacity is under implementation.
How India became a frontrunner in the global renewable energy market
16, May, 23India has surpassed its renewable energy target of 175GW by 2022 and is expected to reach 174GW by 2023, according to a report by the International Energy Agency. The country's renewable energy capacity is projected to grow to 280 GW by 2025, accounting for 37% of the total energy supply. With favourable policies, technological advancements and foreign investment, India has made strides in the renewable energy sector, notably in solar and wind energy. The country's renewable energy success has also positively impacted greenhouse gas emissions and air quality.
Govt plans ₹15k cr push for batteries
04, Jun, 23Grid-scale batteries stabilize grids with stored renewable energy
India to add 80 GW coal-fuelled power generation capacity by 2031-32
22, Nov, 23This dependence on coal comes amid India's ambitious renewable energy goals
Renewable energy investments to surge 83 pc to USD 16.5 billion in 2024
26, Dec, 23In an interview to PTI, R K Singh said, India is likely to witness 25 GW of renewable energy capacity addition entailing an investment of Rs 1,37,500 crore (about USD 16.5 billion) in 2024 calendar year, which would be higher than 13.5 GW with an investment of Rs 74,250 crore (nearly USD 9 billion) seen in 2023.
KKR’s IndiGrid acquires Virescent for ₹4,000 cr
12, May, 23India Grid Trust, backed by KKR & Co., will acquire all units of KKR-sponsored Virescent Renewable Energy Trust (VRET) for an enterprise value of INR4,000 crore ($544m). VRET is India's first renewable infrastructure investment trust (InvIT). The acquisition includes the investment manager and project manager. KKR had previously planned to sell its 77% stake in VRET with JP Morgan running the sale process. The transaction is subject to requisite regulatory and unitholder approvals.