Grid

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Sterlite Bags ISTS Project to Evacuate 20 GW of Renewables in Rajasthan

Sterlite Power has bagged an interstate transmission system (ISTS) project for the evacuation of 20 GW of power from renewable energy zones in Rajasthan under Phase III,...

March 17, 2023

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Gourav Mishra

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Grid

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T&D
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Government’s Expenditure on Promoting Solar Rises 63% During Last Four Years

The government’s expenditure on various programs promoting solar energy was 63% higher at ₹32.4 billion (~$392 million) in the current financial year (FY2022-23)...

March 16, 2023

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Sumit Jha

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Grid

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Renewable Energy

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Solar
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Lithium Find Boosts India’s Efforts for Energy Independence by 2047

India’s edge in renewable generation and the recent discovery of vast lithium reserves, along with deep cost reductions in clean technology, can enable a pathway for...

March 16, 2023

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Gautamee Hazarika

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Electric Vehicles

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Energy Storage

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Renewable Energy
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US Opens Applications for $2.5 Billion Program to Build EV Infrastructure

The Biden-Harris Administration opened applications for a new multi-billion-dollar program to fund electric vehicle (EV) charging and alternative-fuelling infrastructure...

March 15, 2023

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Gautamee Hazarika

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Electric Vehicles

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Finance and M&A
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POWERGRID to Raise up to ₹9 Billion Through Bonds

The board of Power Grid Corporation of India (POWERGRID) has approved raising unsecured, non-convertible, non-cumulative, redeemable, and taxable bonds for ₹9 billion...

March 13, 2023

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Rakesh Ranjan

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Grid

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Market & Policy
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Government Launches High Price Day-Ahead Market and Surplus Power Portal

The Union Government has launched a High Price Day-Ahead Market (HP-DAM) and surplus power portal (PUShP), aiming to ensure greater power availability during the peak...

March 10, 2023

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Rakesh Ranjan

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Grid

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Market & Policy
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Powergrid Bags Three Interstate Transmission System Projects

Powergrid Corporation of India (POWERGRID) has won three interstate transmission system (ISTS) projects in the tariff-based competitive bidding process. The company won...

March 10, 2023

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Gourav Mishra

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Grid

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Other
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Government Accepts Task Force Report on Smart Power Transmission System

The government has accepted the recommendations of a task force on modernizing India’s power transmission system, paving the way for real-time monitoring,...

March 7, 2023

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Arjun Joshi

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Grid

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Market & Policy
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EV Charging Company ChargePoint Posts 93% Revenue Increase YoY in Q4

Electric vehicle (EV) charging solution provider ChargePoint’s net loss widened to $78 million for the fourth quarter (Q4) of the financial year (FY) 2022 from $60...

March 7, 2023

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Gourav Mishra

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Electric Vehicles

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Finance and M&A
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Olectra Bags Order for 550 Electric Buses from Telangana Transport Corporation

Olectra Greentech, a subsidiary of Megha Engineering & Infrastructures Limited (MEIL), has received an order for 550 electric buses from the Telangana State Road...

March 6, 2023

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Gautamee Hazarika

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Electric Vehicles

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Other

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Renewable Energy
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Sterlite Commissions ₹20 Billion Transmission Project in Green Energy Corridor

Power transmission company Sterlite Power has successfully commissioned the Lakadia-Vadodara Transmission Project (LVTPL), which is part of the green energy corridor...

March 6, 2023

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Arjun Joshi

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Grid

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Other
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Solid Power Records $9.6 Million Loss in FY22 on Higher Operational Expenses

Developer of all-solid-state battery technology for electric vehicles (EV) Solid Power posted a net loss of $9.5 million for the financial year (FY) 2022 against a...

March 1, 2023

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Gourav Mishra

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Electric Vehicles

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Finance and M&A
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CERC Grants License to Evacuate 1.5 GW of Solar Power in Karnataka

The Central Electricity Regulatory Commission (CERC) recently granted a transmission license to Gadag II-A Transmission to establish a transmission system for the solar...

February 28, 2023

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Rakesh Ranjan

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Grid

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T&D
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TI Clean Mobility to Raise ₹30 Billion to Fuel its EV Platform

Electric three-wheeler manufacturer TI Clean Mobility (TICMPL) signed definitive agreements with Tube Investments of India (TII), Multiples Private Equity Fund III,...

February 28, 2023

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Arjun Joshi

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Electric Vehicles

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Finance and M&A
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Uttarakhand Invites Bids for Evacuation of 15 MW of Solar Power

Uttarakhand Power Corporation (UPCL) has invited bids for the construction of a 33 kV line from the generator’s switching station at Patlibagad to the 132/33 kV...

February 23, 2023

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Rakesh Ranjan

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Grid

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T&D

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