Latest news with #BESS
Deccan Herald
17 hours ago
- Business
- Deccan Herald
Karnataka plans storage systems for efficient use of renewable energy
To address this concern and to ensure better use of the RE produced in the state, the Karnataka Renewable Energy Development Limited (KREDL) has planned a number of solar power projects which are integrated with the Battery Energy Storage System (BESS).
Associated Press
a day ago
- Business
- Associated Press
Indonesia-Singapore: TotalEnergies and RGE Reach New Milestone in Large-Scale Solar and Battery Storage Project
PARIS & SINGAPORE--(BUSINESS WIRE)--May 30, 2025-- TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and RGE, a group operating in the bio-based resources and energy sectors, are pleased to announce that Singapore's Energy Market Authority (EMA) has awarded their equally-owned joint venture Singa Renewables ('Singa') a conditional licence to import 1 GW of renewable power from Indonesia. Today, the partners also signed a Memorandum of Understanding with Singapore Energy Interconnections (SGEI) to jointly develop a subsea interconnector, enabling electricity imports from Indonesia to Singapore. The partners had previously signed a Co-Investment Agreement to develop, build and operate a hybrid renewable power plant comprising a solar farm, Battery Energy Storage System (BESS), and a subsea cable in Riau Province, Indonesia, during an official ceremony in Jakarta on May 28 th, 2025, in the presence of French President Emmanuel Macron and Indonesian President Prabowo Subianto. A flagship initiative for the decarbonization of local industries The project will supply Clean Firm Power to energy-intensive consumers in Singapore and to industrial complexes near the solar site in Riau Province, Indonesia. Throughout the project's development, the partners will harness TotalEnergies' global expertise in large-scale energy projects while leveraging RGE's wide footprint in Indonesia and Singapore. 'I would like to thank the Singapore authorities for granting the necessary licences for this landmark electricity import project, that we are pleased to develop with our partner RGE,' said Helle Kristoffersen, President Asia and Executive Committee Member at TotalEnergies. 'The project will contribute to Singapore's goal of reaching net zero emissions by 2050, while supporting Riau Province's economic development in Indonesia. This initiative also illustrates TotalEnergies' commitment to ASEAN's energy transition and security of supply.' 'We are doing our part to accelerate the region's clean energy transition,' said Imelda Tanoto, Managing Director at RGE. 'The Conditional Licence is a key milestone that affirms our role in advancing the region's collaboration and decarbonization goals as we remain focused on creating lasting value for communities, markets, and governments alike.' @TotalEnergiesTotalEnergiesTotalEnergiesTotalEnergies View source version on CONTACT: TotalEnergies Contacts Media Relations: +33 (0)1 47 44 46 99 [email protected]@TotalEnergiesPR Investor Relations: +33 (0)1 47 44 46 46 [email protected] KEYWORD: INDONESIA FRANCE SINGAPORE SOUTHEAST ASIA ASIA PACIFIC EUROPE INDUSTRY KEYWORD: OTHER ENERGY TECHNOLOGY UTILITIES BATTERIES ALTERNATIVE ENERGY ENERGY SOURCE: TOTALENERGIES SE Copyright Business Wire 2025. PUB: 05/30/2025 09:24 AM/DISC: 05/30/2025 09:23 AM
Business Wire
a day ago
- Business
- Business Wire
Indonesia-Singapore: TotalEnergies and RGE Reach New Milestone in Large-Scale Solar and Battery Storage Project
PARIS--(BUSINESS WIRE)-- TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and RGE, a group operating in the bio-based resources and energy sectors, are pleased to announce that Singapore's Energy Market Authority (EMA) has awarded their equally-owned joint venture Singa Renewables ('Singa') a conditional licence to import 1 GW of renewable power from Indonesia. Today, the partners also signed a Memorandum of Understanding with Singapore Energy Interconnections (SGEI) to jointly develop a subsea interconnector, enabling electricity imports from Indonesia to Singapore. The partners had previously signed a Co-Investment Agreement to develop, build and operate a hybrid renewable power plant comprising a solar farm, Battery Energy Storage System (BESS), and a subsea cable in Riau Province, Indonesia, during an official ceremony in Jakarta on May 28th, 2025, in the presence of French President Emmanuel Macron and Indonesian President Prabowo Subianto. A flagship initiative for the decarbonization of local industries The project will supply Clean Firm Power to energy-intensive consumers in Singapore and to industrial complexes near the solar site in Riau Province, Indonesia. Throughout the project's development, the partners will harness TotalEnergies' global expertise in large-scale energy projects while leveraging RGE's wide footprint in Indonesia and Singapore. 'I would like to thank the Singapore authorities for granting the necessary licences for this landmark electricity import project, that we are pleased to develop with our partner RGE,' said Helle Kristoffersen, President Asia and Executive Committee Member at TotalEnergies. 'The project will contribute to Singapore's goal of reaching net zero emissions by 2050, while supporting Riau Province's economic development in Indonesia. This initiative also illustrates TotalEnergies' commitment to ASEAN's energy transition and security of supply.' 'We are doing our part to accelerate the region's clean energy transition,' said Imelda Tanoto, Managing Director at RGE. 'The Conditional Licence is a key milestone that affirms our role in advancing the region's collaboration and decarbonization goals as we remain focused on creating lasting value for communities, markets, and governments alike.' TotalEnergies and electricity TotalEnergies is building a competitive portfolio that combines renewables (solar, onshore wind, offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. As of the end of March 2025, TotalEnergies has 28 GW of installed gross renewable electricity generation capacity and aims to reach 35 GW by the end of 2025, and more than 100 TWh of net electricity production by 2030. About TotalEnergies TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to providing as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations. @TotalEnergies TotalEnergies TotalEnergies TotalEnergies Cautionary Note The terms 'TotalEnergies', 'TotalEnergies company' or 'Company' in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words 'we', 'us' and 'our' may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC). TotalEnergies Contacts Media Relations: +33 (0)1 47 44 46 99 l presse@ l @TotalEnergiesPR Investor Relations: +33 (0)1 47 44 46 46 l ir@
Hindustan Times
a day ago
- Business
- Hindustan Times
Why is Reliance power share rising? Reasons behind the sudden surge
Shares of Reliance Power Ltd soared on Friday, hitting a 52-week high of ₹59.75 on both the NSE and BSE, driven by a confluence of strong financial results, a major renewable energy contract win, and growing investor optimism in the company's clean energy strategy. The stock, at market closing on Friday, was trading at ₹58.09 on the NSE, 11.24% up from the previous day. It outperformed both the indices - Sensex and Nifty - which ended the day in red. The stock has now gained nearly 30% in May alone and over 140% in the past 12 months, reflecting a resurgent investor sentiment. The primary catalyst behind Friday's rally is the announcement made by the company on May 28, post market hours, that its subsidiary Reliance NU Energies received a Letter of Award (LoA) from SJVN for a 350 MW solar power project integrated with a 175 MW/700 MWh Battery Energy Storage System (BESS). The project, which is part of a larger 1,200 MW solar and 600 MW/2,400 MWh BESS tender, was highly competitive, with participation from 19 developers and oversubscription by over 4 times, underscoring the sector's strong growth potential. Reliance NU Energies secured the project at a fixed tariff of ₹3.33/kWh for 25 years. Once commissioned, this project will add 600 MW of solar DC capacity and 700 MWh of BESS capacity to Reliance Power's renewable portfolio. The company now boasts a clean energy pipeline of 2.4 GW of Solar DC and over 2.5 GWh of BESS capacity, positioning it as India's largest player in the integrated Solar and BESS segment. The stock's rally is also supported by a significant turnaround in the company's financial performance. For Q4 FY25, Reliance Power posted a consolidated net profit of ₹126 crore, compared to a loss of ₹397.56 crore in the same quarter a year earlier. The improvement came despite a slight dip in total income, largely due to substantially lower expenses, which fell from ₹2,615.15 crore to ₹1,998.49 crore. For the full FY25 fiscal, the company recorded a consolidated net profit of ₹2,947.83 crore, a stark contrast to a loss of ₹2,068.38 crore in FY24. It also completed debt servicing of ₹5,338 crore over the past 12 months, and improved its debt-to-equity ratio from 1.61:1 to 0.88:1, reflecting stronger financial health.
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Business Standard
a day ago
- Business
- Business Standard
Reliance Power shares jump 15%, hit 52-week high; rise 111% in one year
Reliance Power share price jumped 15.3 per cent in trade on Friday, May 30, 2025, hitting a 52-week high at ₹59.73 per share on BSE. The stock extended rally for the second consecutive session and rose nearly 17 per cent. The stock has gained nearly 30 per cent in May so far. In the past one year, Reliance Power shares have gained 111 per cent as compared to Sensex's rise of 10 per cent. At 1:14 PM, Reliance Power share price was up 13.6 per cent at ₹59.36 per share on the BSE. In comparison, the BSE Sensex was down 0.28 per cent at 81,408.34. The market capitalisation of the company stood at ₹23,820.64 crore. The 52-week low of the stock was at ₹23.26 per share. Reliance Power order details On Wednesday, after market hours, the Anil Ambani-led company informed investors that its arm Reliance NU Energies has received a letter of award (LoA) from SJVN for a 350 MW inter-state transmission system (ISTS)-connected solar power project coupled with a 175 MW/700 MWh Battery Energy Storage System (BESS). According to the filing, once commissioned, the platform will add 600 MW of solar DC capacity, and 700 MWh of BESS capacity to Reliance Power's portfolio, consolidating its leadership in new energy solutions. The company's total clean energy pipeline now stands at 2.4 GW of Solar DC capacity and over 2.5 GWH of BESS capacity. Reliance NU Energies had earlier emerged as the successful bidder in the competitive auction conducted by SJVN, securing the project at a fixed tariff of ₹3.33/kWh for a period of 25 years. The project was part of a larger 1,200 MW solar + 600 MW/2,400 MWh BESS tender, which attracted participation from 19 developers, with 18 qualifying for the final e-reverse auction. "The project reinforces Reliance Power's strategic commitment to renewable energy leadership, while delivering sustainable value creation across stakeholders. It marks a significant milestone in the company's strategic vision to transition toward cleaner energy sources and play a pivotal role in shaping the country's sustainable energy future," the filing read. About Reliance Power Reliance Power, part of the Reliance Group, is one of India's leading private sector power generation companies. The company has an operating portfolio of 5,305 megawatts, that includes 3960 megawatts Sasan Power Limited (world's largest integrated coal based power plant).
