logo
Draft regulations on renewable energy expected to popularise energy storage systems: Electricity Minister K. Krishnankutty

Draft regulations on renewable energy expected to popularise energy storage systems: Electricity Minister K. Krishnankutty

The Hindu04-07-2025
The regulations on renewable energy proposed by the Kerala State Electricity Regulatory Commission, once they come into effect, are expected to popularise grid-connected energy storage systems in Kerala, Electricity Minister K. Krishnankutty said here on Friday.
Mr. Krishnankutty was speaking after inaugurating a clutch of new projects of the Agency for New and Renewable Energy Research and Technology (Anert) including a grid-interactive battery energy storage system (BESS), a demonstration project on vehicle-to-grid (V2G) system and a 'EZ4EV mobile app.'
The commission will finalise the draft after public hearings. He also expressed the hope that the lower daytime electricity tariffs would make systems such as BESS and V2G systems profitable.
Kerala has made giant strides in tapping solar power since the LDF government came to power in 2016, Mr. Krishnankutty said. The State's solar generation capability has touched 1576 megawatts (MW). In 2016, it stood at 16.49 MW, according to the Minister.
The proposed Hydrogen Valley Innovation Cluster (HVIC) is expected to make significant contributions to the State's efforts to switch to sustainable energy solutions, he said. For implementing the ₹133 crore green hydrogen project, the government has cleared a proposal to create a special purpose vehicle HVIC - Kerala, he said.
V.K. Prasanth, MLA, presided. Anert director Narendra Nath Veluri, Additional Chief Secretary (Power) Punit Kumar, ward councillor Mary Pushpam, Chief Electrical Inspector Vinod R. and India Smart Grid Forum president Reji Kumar Pillai were among those present.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Women's Startup Expo brings local talents and flavours to Panampilly Nagar
Women's Startup Expo brings local talents and flavours to Panampilly Nagar

Time of India

time16 hours ago

  • Time of India

Women's Startup Expo brings local talents and flavours to Panampilly Nagar

Kochi: From handwoven fabrics to scented candles and from crispy banana chips to boli, the third edition of Women's Startup Expo is drawing curious crowds to Central Park, Panampilly Nagar. The two-day event which commenced on Friday is organised by Panampilly Nagar Welfare Association. It showcases 28 women-led ventures from across the state, offering them a platform for networking, learning and growth. "We started with just home-based businesses, but now we have women from different districts bringing in everything from artisanal crafts to gourmet foods," said organiser Beena Benjamin. Among the participants is 65-year-old Lovely Vincent, a retired bank employee turned entrepreneur. Selling crunchy Kerala-style banana chips under her brand Tentappee, she said the expo gave her more than just sales. "I was part of the last edition of expo which offered a one-of-a-kind experience," she shared. For Ragitha V M, the expo is about bringing back authentic flavours. Unable to find the original taste of her favourite sweet, boli, she started Swasthia Foods to make Thiruvananthapuram-style boli without adulterants. "At fairs like this, we see the consumers' reactions instantly. That is far more satisfying than selling to shops," she said. The event is also a fundraiser for local community projects, including upkeep of parks and medians. "Corporation does not have adequate funds for renovation work in the area, so the association is stepping in. Proceeds from the expo will go into improving local infrastructure," Benjamin explained. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Happy Krishna Janmashtami Wishes ,, messages , and quotes !

ReNew Energy's Q1 profit jumps to ₹513 crore on higher solar module sales
ReNew Energy's Q1 profit jumps to ₹513 crore on higher solar module sales

Mint

time2 days ago

  • Mint

ReNew Energy's Q1 profit jumps to ₹513 crore on higher solar module sales

New Delhi: Nasdaq-listed ReNew Energy Global on Thursday reported a thirteen-fold growth in its net profit to ₹ 513.1 crore in the April-June quarter of FY26, buoyed by higher solar module and power sales. The renewable energy company's net profit was ₹ 39.4 crore in the April-June period a year ago. Its total income jumped 65% year-on-year to ₹ 4,118.2 crore during the June quarter, the company said in a statement. Revenue from sale of power stood at ₹ 2,547.3 crore ($297 million), compared to ₹ 2,233.5 crore ($260 million) in the April-June period of FY25. Total income for Q1 FY26 from module and cell manufacturing operations was ₹ 1,322.3 crore ($154 million). "Adjusted Ebitda (earnings before interest, taxes, depreciation, and amortization) for Q1 FY26 was ₹ 27,220 million ($317 million), as against ₹ 18,979 million ($221 million) in Q1 FY25," it said. As of 30 June, the company's portfolio consisted of 18.2 GW of renewable energy capacity and 1.1 GWh battery energy storage solution (BESS) capacity. In addition, the company has 6.5 GW of solar module manufacturing and 2.5 GW of cell manufacturing, which is operational and is building a 4 GW cell manufacturing facility. "The company reiterates its FY26 guidance and expects to complete the construction of 1.6 to 2.4 GWs by the end of fiscal year 2026. The company's Adjusted EBITDA and cash flow to equity guidance for FY26 are subject to weather and resource availability," the company said in the statement. In May, British International Investment (BII) invested $100 million in the solar module and cell manufacturing subsidiary of ReNew. The investment will be deployed towards adding 4 gigawatts of solar module and cell manufacturing capacity. Last month, its promoters revised their offer to take the Nasdaq-listed renewable energy company private.

ReNew Energy's Q1 profit jumps to  ₹513 crore on higher solar module sales
ReNew Energy's Q1 profit jumps to  ₹513 crore on higher solar module sales

Mint

time2 days ago

  • Mint

ReNew Energy's Q1 profit jumps to ₹513 crore on higher solar module sales

New Delhi: Nasdaq-listed ReNew Energy Global on Thursday reported a thirteen-fold growth in its net profit to ₹ 513.1 crore in the April-June quarter of FY26, buoyed by higher solar module and power sales. The renewable energy company's net profit was ₹ 39.4 crore in the April-June period a year ago. Its total income jumped 65% year-on-year to ₹ 4,118.2 crore during the June quarter, the company said in a statement. Revenue from sale of power stood at ₹ 2,547.3 crore ($297 million), compared to ₹ 2,233.5 crore ($260 million) in the April-June period of FY25. Total income for Q1 FY26 from module and cell manufacturing operations was ₹ 1,322.3 crore ($154 million). "Adjusted Ebitda (earnings before interest, taxes, depreciation, and amortization) for Q1 FY26 was ₹ 27,220 million ($317 million), as against ₹ 18,979 million ($221 million) in Q1 FY25," it said. As of 30 June, the company's portfolio consisted of 18.2 GW of renewable energy capacity and 1.1 GWh battery energy storage solution (BESS) capacity. In addition, the company has 6.5 GW of solar module manufacturing and 2.5 GW of cell manufacturing, which is operational and is building a 4 GW cell manufacturing facility. "The company reiterates its FY26 guidance and expects to complete the construction of 1.6 to 2.4 GWs by the end of fiscal year 2026. The company's Adjusted EBITDA and cash flow to equity guidance for FY26 are subject to weather and resource availability," the company said in the statement. In May, British International Investment (BII) invested $100 million in the solar module and cell manufacturing subsidiary of ReNew. The investment will be deployed towards adding 4 gigawatts of solar module and cell manufacturing capacity. Last month, its promoters revised their offer to take the Nasdaq-listed renewable energy company private. The consortium increased its offer price to $8 per share, payable in cash compared with the original offer of $7.07 per share. ReNew's shares traded little changed at $7.66 apiece in New York on Thursday.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store