RE Updates - SmartEnergy

Serentica Partners with Greenko Group to Procure 1500 MW of Green Energy Daily

17Jul

By Editorial TeamNo Comments

Serentica Partners with Greenko Group to Procure 1500 MW of Green Energy Daily

Serentica Renewables (Serentica) said it has signed an agreement with Greenko Group for taking daily supply of 1,500 megawatt (MW) from energy storage facilities. The power will be sourced from Greenko Group's upcoming energy storage projects in Andhra Pradesh and Madhya Pradesh and supplied to industrial customers, Serentica said in a statement. "Serentica has signed a first-of-its-kind standalone energy storage capacity offtake contract with global energy storage developer, Greenko Group. As part of this contract, Serentica will leverage Greenko's unique energy storage capabilities to utilise a cumulative 1,500 MWhr capacity," it said. The agreement is for a period of 25 years. Pratik Agarwal, Director, Serentica Renewables, said, long duration energy storage is critical to ...

Futr Energy Receives Best Solar Asset Management Software Award

17Jul

By Editorial TeamNo Comments

RE Industry Updates, RE Updates

Futr Energy Receives Best Solar Asset Management Software Award

New Delhi witnessed the crowning of a true leader in the renewable energy sector as Futr Energy, a trailblazer in solar auditing, data analytics, and asset management solutions, was honored with the Best Solar Asset Management Software of the Year Award at the renowned ReAssets event. The prestigious recognition reflects the company's unwavering commitment to excellence and innovation in the renewable energy domain. ReAssets, a prominent event celebrating achievements and advancements in renewable energy, provided the perfect platform for Futr Energy to shine. The company's cutting-edge AI technology and impeccable track record in managing solar assets captured the attention of the judging panel and set them apart in the Best Solar Asset Management Software category. Futr Energy's s...

Enerzy Solar Revolutionizes Rooftop Solar with Swift Insurance and Maintenance Solutions

17Jul

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RE Industry Updates, RE Updates

Enerzy Solar Revolutionizes Rooftop Solar with Swift Insurance and Maintenance Solutions

Pune-based Enerzy Solar has taken a giant leap in advancing the rooftop solar industry by introducing speedy insurance coverage for solar systems. In just under 5 minutes, digital-savvy users can avail themselves of the company's groundbreaking rooftop solar insurance. Until now, this much-neglected aspect of solar technology had limited insurance options due to low premiums, making it unappealing for insurance agents to promote. The newly launched Enerzy Solar Insurance Care Package comprises two essential components: solar insurance and remote maintenance consultancy. Serving as the country's first discovery platform for rooftop solar installation companies, the solar insurance section facilitates collateral-free solar financing and insurance purchases. On the other hand, the remote ...

Suzlon Secures an Order of 47.6 MW from the KP Group in Gujarat

12Jul

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RE Industry Updates, RE Updates

Suzlon Secures an Order of 47.6 MW from the KP Group in Gujarat

Suzlon Group, India’s largest renewable energy solutions provider, today announced a new order win for the development of a 47.6 MW wind power project for The KP Group. The project is located at Vagra in Bharuch district in Gujaratand is expected to be commissioned in 2024. Suzlon will supply their S133 wind turbines (equipment supply) and supervise execution and commissioning of the project.Suzlon will also provide comprehensive operations and maintenance services post-commissioning. JP Chalasani, Chief Executive Office, Suzlon Group said, “We are delighted to announce a repeat order from The KP Group. The KP Group has been a long-standing player in renewable energy and has consistently worked towards increasing renewable energy adoption in the country. Suzlon takes pride in ...

BrightNight to Develop 2GW Renewable Energy Capacity in India in Next 5 Years

15Jun

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RE Updates

BrightNight to Develop 2GW Renewable Energy Capacity in India in Next 5 Years

Renewable power producer BrightNight plans to develop 2 giga watt (GW) of renewable energy capacity in India in the next 4-5 years that will require a total investment of $1 billion. The company will deploy $250 million equity capital. “BrightNight is developing hybrid wind-solar projects with a calibrated use of energy storage that operates round the clock. The $250 million commitment will be deployed in three years,” BrightNight Power India CEO Sajay KV said. BrightNight Global has about 23 GW of pipeline across the world, of which 3 GW is in Asia Pacific — India, Bangladesh, Philippines and Australia. India got a large share of 2 GW for its scale and size, and work on 1.2 GW in three states has started, he said. The first project is coming up in Maharashtra at an investment of...

India-based P3C Technology and Solutions Secures Investment for Flexible Perovskite Solar Cells

14Jun

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RE Industry Updates, RE Updates

India-based P3C Technology and Solutions Secures Investment for Flexible Perovskite Solar Cells

India-based P3C Technology and Solutions has announced a fund raise of $250,000 with a further commitment of $3 million based on successful trails. The funds will be used to demonstrate the flexible perovskite solar cells to various government and private bodies like Indian Railway and automobile manufacturers. According to P3C, the investment comes from Oberoi Thermit Private Limited, a company with an impressive history of introducing new and innovative products and services which are highly beneficial for Railways. The organization is always looking to introduce new and improved technologies in India which can benefit the country. They are responsible for the introduction of some of the most safety critical technologies in Indian Railways like 3D Scanning of Bridge bed, Bridge Healt...

Gujarat Becomes No.1 State in Installed Wind Power Capacity

14Jun

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RE Updates

Gujarat Becomes No.1 State in Installed Wind Power Capacity

Gujarat has become the No.1 State in installed wind power capacity, pushing the long-time leader Tamil Nadu to the second spot. As of May 31, 2023, Gujarat’s total installed capacity of wind power stood at 10,416 MW, while Tamil Nadu’s wind power capacity was at 10,125 MW. Two years ago, Gujarat’s wind power capacity was about 1,000 MW lower than Tamil Nadu. However, with faster capacity addition, it has made rapid strides in recent months to narrow the gap and emerge as the top State in the segment. Industry representatives and analysts point out that favourable policy interventions, the availability of infrastructure, and the strong financial position of Discom, among others, have aided Gujarat’s acceleration in new capacity addition in the wind power sector. Challenges in T...

Redington collaborates with Hoymiles and PIXON to accelerate the adoption of Solar Solutions and Green Energy Products in India

24May

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Industry Updates, RE Industry Updates, RE Updates

Redington collaborates with Hoymiles and PIXON to accelerate the adoption of Solar Solutions and Green Energy Products in India

Redington Limited , a leading technology solutions provider, announced its partnerships with Hoymiles Microinverters and PIXON Group, two leading solar manufacturing companies, to distribute micro-inverters, solar panels, and other green energy products on PAN India basis. As part of the partnerships, Redington will enable the seamless distribution of Hoymiles and PIXON’s best-in-class quality products such as highly efficient micro-inverters, solar panels, and other technologically advanced products in the solar ecosystem. The partnerships also entail the potential of expanding Hoymiles and PIXON’s reach to other markets in India and strengthening Redington’s current portfolio of solar products. These partnerships will help Redington accelerate the mainstream adoption of solar power b...

Ingeteam launches a Control System for Hybridising different Renewable Energy plants

16May

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RE Updates, Uncategorised

Ingeteam launches a Control System for Hybridising different Renewable Energy plants

Ingeteam has designed and manufactured the first units of its new control system for hybridising renewable energy plants with different generation technologies. This new system, which is currently under certification process in accordance with the Spanish NTS standard, will soon be installed in the province of Cuenca to hybridise two wind farms with two photovoltaic plants, which will in turn be equipped with Ingeteam photovoltaic inverters. This new solution, called INGECON SUN Multi-Plant Controller, is designed to help the Grid Operator to manage the operation of several generation plants simultaneously, guaranteeing the stability and control of the electricity supply of the renewable hub at the point of connection. It has an advanced control algorithm that runs at a speed that allo...

Solar Ladder Raises 11 Crores in Seed Funding from Axilor Ventures, Titan Capital, DeVC, Stride Ventures and Angel Investors

15May

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Industry Updates, RE Industry Updates, RE Updates

Solar Ladder Raises 11 Crores in Seed Funding from Axilor Ventures, Titan Capital, DeVC, Stride Ventures and Angel Investors

Solar Ladder, a supply chain platform for Solar Installation companies announced it has raised 11 Crores in seed funding from Axilor Ventures, Titan Capital, DeVC, Stride Ventures, and angels from Atha Group, NIPHA group, Varun Alagh (Founder, Mamaearth), Subin Mitra and Aditya Bandi of Groyyo, Deepak Jain (Partner, Bain and Co.) among others. The recently acquired funds will be utilized to distribute software that automates processes for solar installers, allowing them to expand their business tenfold and aims to become the go-to ecosystem for solar installation companies. Solar Ladder aims to establish a robust marketplace that enables cheaper procurement, provides short-term embedded credit and insurance products to meet installers' working capital requirements, and offers long-term...