Sprng Energy, AMPIN, Juniper, ReNew, Avaada Win NTPC’s 1 GW Hybrid Auction

Biofuels Firm GPS Renewables Raises $50 Million in Debt Financing

Solar Auctions Surge by 229% in Q1 2024, Tender Activity Up 122%

Global Wind Installations Reached 1 TW Milestone in 2023

Funding and M&A Roundup: Nexamp Secures $520 Million

Project Finance Brief: Arevon Secures $352 Million for Posey Solar Project

Indian Oil Issues Empanelment Tender for Solar Power Projects

Southern Railway Seeks Bids for 1.2 MW Rooftop Solar Projects in Chennai

Husk Secures $4 Million from Electrifi to Scale up Mini Grids in Rural India

Doubling Transmission Capacity of Existing Grid Through Reconductoring: Report


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2023/04/amazon_polly_52257.mp3?version=1680669568">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p><a href="https://www.mercomindia.com/lithium-price-drop-hopes-evs-affordable-india" target="_blank" rel="noopener"><strong>Lithium carbonate prices, the primary component used in batteries, have seen a considerable drop over the last couple of months, raising hopes among industry stakeholders</strong> </a>that affordable electric vehicles would attract more customers to the segment. The price of the key ingredient has dropped from ~$73,000 per mt in January to ~$34,000 per mt in March.</p>
<p><a href="https://www.mercomindia.com/electric-vehicle-sales-q1-2023" target="_blank" rel="noopener"><strong>Electric vehicle (EV) sales in India reached 349,676 units in the first quarter of 2022, a year-over-year (YoY) increase of 81% compared to 192,565 units sold in the same period last year. </strong></a>Sales increased by 2% compared to 343,485 units sold in the previous quarter. EVs accounted for 6% of overall automobile sales, according to data released by the Ministry of Road Transport and Highways.</p>
<p><a href="https://www.mercomindia.com/google-procure-wind-power-orsted" target="_blank" rel="noopener"><strong>Google has signed a power purchase agreement (PPA) for 150 MW with Denmark-based Orsted, which will supply the power from its 268 MW Helena Wind Farm in Texas in the United States for the next 15 years.</strong></a> The project, commissioned in mid-2022, provides low-cost electricity to the South ERCOT service territory, enough to power an estimated 90,000 homes. The PPA is the first agreement between Google and Orsted in the U.S. and the second agreement globally.</p>
<p><a href="https://www.mercomindia.com/vestas-to-supply-130-mw-wind-turbines-to-vibrant-energy" target="_blank" rel="noopener"><strong>Vibrant Energy has signed a deal with the Denmark-based wind turbine manufacturer Vestas for the supply of 36 V155 3.6 MW wind turbines.</strong></a> The turbines will be supplied to Vibrant Energy’s two wind projects in India. Vestas is expected to deliver the turbines starting the fourth quarter of 2023, while the commissioning will be complete by the second quarter of 2024.</p>
<p><a href="https://www.mercomindia.com/australia-announces-community-battery-deployment" target="_blank" rel="noopener"><strong>The Australian Renewable Energy Agency has invited expressions of interest for the first round of Community Batteries Funding of up to AU $120 million (~$81.2 million)</strong></a> to deploy community batteries across Australia. The Community Batteries Funding Program is expected to facilitate the installation of community batteries nationwide to reduce energy costs and greenhouse gas emissions and alleviate strain on the power grid.</p>
<p><a href="https://www.mercomindia.com/innovative-70-of-lithium-from-spent-batteries" target="_blank" rel="noopener"><strong>Researchers from Helmholtz Institute Ulm and Karlsruhe Institute of Technology have devised a low-cost and eco-friendly lithium recycling technique to recover up to 70% of lithium from battery waste</strong></a> without the use of harsh chemicals, high temperatures, or pre-sorting of materials. Currently, battery waste recycling primarily focuses on recovering nickel, cobalt, copper, aluminum, and steel, with lithium recovery remaining expensive and unprofitable.</p>
<p><a href="https://www.mercomindia.com/changes-power-exchanges-bidding-software" target="_blank" rel="noopener"><strong>The Central Electricity Regulatory Commission has directed all power exchanges to redesign their bidding software to allow members to quote prices within a specified range for different types of contracts. </strong></a>The Commission said that redesigning the bidding software would reduce the cost of power for buyers while also providing an opportunity for high-cost generators and willing buyers to participate in the High Price Day Ahead Market market.</p>
<p><a href="https://www.mercomindia.com/month-in-a-minute-march-2023" target="_blank" rel="noopener"><strong>Check out the Top Headlines from Indian Renewable Sector in March 2023 in Month in a Minute</strong></a><strong>. </strong></p>
<p>&nbsp;</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/mercom-staff/" class="vcard author" rel="author"><span class="fn">Mercom Staff</span></a></div><div class="saboxplugin-desc"><div itemprop="description"></div></div><div class="clearfix"></div></div></div>

Daily News Wrap-Up: Lithium Price Drop Effect on EVs


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2023/04/amazon_polly_52237.mp3?version=1680602682">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>The Australian Renewable Energy Agency (<a href="https://arena.gov.au/" target="_blank" rel="noopener">ARENA</a>) has invited expressions of interest (EoI) for the first round of Community Batteries Funding of up to AU $120 million (~$81.2 million) to deploy community batteries across Australia.</p>
<p>The Community Batteries Funding Program is expected to facilitate the installation of community batteries nationwide to reduce energy costs and greenhouse gas emissions and alleviate strain on the power grid.</p>
<p>ARENA had invited proposals for the first round of the program, which involved a funding allocation of up to AU $20 million (~$13.5 million) to deploy at least five community batteries.</p>
<p>To qualify for funding, every community battery should have a capacity between 50 kW and 5 MW and be connected to the distribution network.</p>
<p>The first round of funding will be divided equally between two separate streams:</p>
<ul>
<li><strong>Stream A:</strong> This stream is designated for Distributed Network Service Providers (DNSPs), entities responsible for managing the local power distribution network.</li>
<li><strong>Stream B:</strong> The second stream is for all eligible applicants other than DNSPs, such as community groups or businesses.</li>
</ul>
<p>The federal budget announced in October 2022 included a A$200 million (~$134.98 million) allotment for the implementation of the Community Batteries for Household Solar initiative with the goal of installing 400 community batteries in Australia.</p>
<p>ARENA was allotted A$171 million (~$115.41 million) in funding to oversee the deployment of at least 342 of these batteries.</p>
<p>After completing the first round, the remainder of the funds will be utilized for a second round that would cater to projects with longer development timelines.</p>
<p>Australia’s Department of Climate Change, Energy, the Environment and Water (<a href="https://www.dcceew.gov.au/" target="_blank" rel="noopener">DCCEEW</a>), which conducted the first round of applications for a similar program under the Business Grants Hub, is expected to deliver the first set of 58 batteries. The department is currently assessing the applications received.</p>
<p>Community batteries are designed to store excess solar energy in the distribution network, which can be used later. By doing so, they help to reduce household electricity costs and alleviate pressure on the local electricity grid.</p>
<p>According to ARENA CEO Darren Miller, community batteries are crucial in continuously optimizing distributed energy resources in the electricity grid.</p>
<p>Deploying such batteries will reduce network costs and alleviate constraints in areas with high solar penetration, leading to lower electricity costs for all consumers.</p>
<p>According to the latest Australian Energy Market Operator (<a href="https://aemo.com.au/" target="_blank" rel="noopener">AEMO</a><u>)</u> data, the total number of distributed energy resources is over 2.7 million. These resources include solar panels, batteries, wind turbines, and other technologies that generate or store electricity on a small scale, often for individual homes or businesses.</p>
<p>Over 190,527 new solar PV systems were registered across Australia in 2022, representing the largest share of new additions. Other technologies, such as batteries, wind turbines, and electric vehicles, also grew significantly.</p>
<p>As of the most recent update, the cumulative total of registered resources across Australia has reached over 12.8 million. Solar photovoltaic systems represent the largest share of cumulative registrations, followed by batteries, small wind turbines, and other technologies.</p>
<p>The data helps us understand the increasing adoption of distributed energy resources in Australia and the need for community batteries to support the integration of these resources into the grid.</p>
<p>In December last year, ARENA also <a href="https://www.mercomindia.com/australia-provide-118-million-battery-projects-country" target="_blank" rel="noopener">announced</a> A$176 million (~$118 million) in conditional funding to support eight grid-scale battery projects nationwide.</p>
<p>Recently, the agency also <a href="https://www.mercomindia.com/australia-au29-5-million-university-solar-research" target="_blank" rel="noopener">awarded</a> AU$29.5 million (~$19.5 million) to the University of New South Wales’ (UNSW) School of Photovoltaic and Renewable Energy Engineering (SPREE) for research in solar technologies.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/gautamee-hazarika/" class="vcard author" rel="author"><span class="fn">Gautamee Hazarika</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Picture1.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">Gautamee,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/gautamee-hazarika/" target="_blank" rel="noopener">More articles from Gautamee.</a><br />
<br />
<a href="gautamee@mercomindia.com" target="_blank" rel="noopener">gautamee@mercomindia.com</a></p>
</div>
<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Picture1.jpg" width="102" height="102" /><a href="https://mercomindia.com/author/gautamee-hazarika/" rel="noopener">Gautamee</a> is a reporter at Mercom India. Prior to Mercom, Gautamee was working as a multimedia news journalist at ThePrint in New Delhi. She has received her Bachelors in English Honors and Masters in English Literature from St.Stephen&#8217;s College, University of Delhi.<a href="https://mercomindia.com/author/gautamee-hazarika/" rel="noopener">More articles from Gautamee</a></div>
</div></div><div class="clearfix"></div></div></div>

Australia Announces $81 Million Funding for Community Battery Deployment

community-batteries

Get the most relevant India solar and clean energy news.

RECENT POSTS