Latest news with #BatteryEnergyStorage
Business Upturn
3 days ago
- Business
- Business Upturn
Reliance Power shares jump 3% to hit 52-week high
By Aditya Bhagchandani Published on May 30, 2025, 10:16 IST Shares of Reliance Power Ltd surged over 3% to ₹53.85 in morning trade on May 30, marking a fresh 52-week high of ₹55.10, following a significant project win announcement by its subsidiary. The rally came after Reliance NU Energies, a subsidiary of Reliance Power, received a letter of award from state-run SJVN for developing a 350 MW solar power project integrated with a 175 MW/700 MWh Battery Energy Storage System (BESS). The project was awarded at a fixed tariff of ₹3.33/kWh for 25 years. According to the company, the project will contribute an additional 600 MW of Solar DC capacity and 700 MWh of BESS to its portfolio. With this addition, Reliance Power's clean energy pipeline now stands at 2.4 GW of Solar DC capacity and over 2.5 GWh of BESS capacity, making it the largest player in India in the integrated solar and battery energy storage segment. This development is seen as a strategic leap for the company as it accelerates its transition toward new energy solutions and sustainable power generation. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
United News of India
4 days ago
- Business
- United News of India
Reliance NU Energies Pvt Ltd receives LOA from SJVN
Mumbai, May 29 (UNI) Reliance Power, subsidiary Reliance NU Energies Private Limited (Reliance NU Energies) has received a Letter of Award (LOA) from Satluj Jal Vidyut Nigam Limited (SJVN), Indian Public sector undertaking 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). 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, making it India's largest player in the integrated Solar + BESS segment, a company release said. 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 Rs 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 tender was oversubscribed by more than 4 times, reflecting heightened industry interest in dispatchable renewable energy solutions, it added. UNI JS-NV BM
Mint
4 days ago
- Business
- Mint
Reliance NU Energies gets letter of award for 350 MW solar project from SJVN
Reliance Power on Wednesday said its arm Reliance NU Energies has received a letter of award for a 350 MW solar power project coupled with a 175 MW/700 MWh Battery Energy Storage System from SJVN. 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, a company statement said. 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, making it India's largest player in the integrated Solar and BESS segment, it stated. 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 and 600 MW/2,400 MWh BESS tender, which attracted participation from 19 developers, with 18 qualifying for the final e-reverse auction. The tender was oversubscribed by more than 4 times, reflecting heightened industry interest in dispatchable renewable energy solutions. Reliance Power, part of the Reliance Group, is one of India's leading private sector power generation companies.
ABC News
6 days ago
- ABC News
Volunteer firefighters fear renewable energy projects will put bushfire-prone town at 'risk'
The town of Dederang, nestled in Victoria's Kiewa Valley, has felt the impact of several bushfires through the decades. It's why most of the town's population — about 200 residents — are fighting proposals to build two Battery Energy Storage Systems (BESS) on private land. "It's one of the highest, most bushfire-prone areas in the state. If they lose control, it will go and then it'll be chaos," said local resident Paul Ingram. Late last year, Mint Renewables and Trina Solar submitted planning applications to the Victorian state government to build a BESS in Dederang. The systems are designed to support wind and solar renewable energy by storing excess electricity and releasing it when demand is high. Dederang is full of CFA volunteers; most are farmers, and they fear the fire risk that lithium-ion batteries could pose for the town. Doug Connors, a CFA volunteer in Dederang for 50 years, says the town wouldn't be able to fight a battery fire if one erupted. "As a brigade, we're equipped and trained to fight grass and scrub fires," he told 7.30. Teresa Hicks is a third-generation dairy farmer with three young children. She and her fiancé Darren Sagrera are CFA volunteers and her father Jack Hicks is a former CFA group captain at the Dederang brigade. She says her family wouldn't feel comfortable fighting a battery fire because it would be too toxic. "No one's going to get on the fire truck anyway, because it's too dangerous," she said. "We're not the only ones being affected. Wherever a bushfire gets into is going to be affected. Bushfires will run for hundreds, if not thousands of kilometres. We've seen it. So that's the risk." Dr Matthew Priestley is a battery and energy expert from the University of New South Wales. He says lithium-ion batteries need to be safely managed to avoid overheating. "What we find is lithium-ion batteries do have a tendency to overheat, and that's why we have a safety mechanism in them, which is called the battery management system," he said. "The job of the battery management system is to monitor the health of the lithium-ion battery system." The CFA confirmed to 7.30 that it has consulted Mint Renewables, Trina Solar and the community about the two projects proposed for Dederang. In a statement, the CFA said: "Fire safety at large-scale renewable energy facilities is a focus for CFA and is one of the key considerations for communities where a facility is proposed." "The role of CFA is to advocate that developments proposed in CFA areas are located, designed, constructed and operated as safely as possible." Dr Priestley says the chance of a fire breaking out at a large-scale battery plant is low. "They are rare and they're generally due to a fault somewhere in the device," Dr Priestley told 7.30. "When one does fail, often they move into a very dangerous state called thermal runaway. Trina Solar's Country Manager John Zhong says he understands that the community has concerns. However in response to the backlash against the proposals, Mr Zhong compared the rejection of the batteries to kids who refuse to go to school. "My kid doesn't like to go to prep, but then I have to tell them 'hey, going to prep is … part of your journey to actually learn and study and to become an adult'," he said. When challenged on referring to the community as 'kids' and whether Trina Solar ignored the community's concerns, Mr Zhong said the company did "receive their submissions" and did "take their comments into account". Mr Zhong also said the company conducted extensive "fire safety hazard analysis" of the area where their proposed battery will be built. "The bushfire risk has been carefully assessed," he told 7.30. He admitted the company had sought guidance from a CFA consultant based in Melbourne, not in Dederang. "We engaged this consultant from Melbourne, and it's engaged by our planning consultant NGH as a sub-consultant. So we, our team, have been there during the community consultation process." Mint Renewables declined 7.30's request for an interview. Instead, they provided a statement that said: "We know that the community has genuinely held concerns." "Our project will only proceed if we are granted a permit by the Minister of Planning that requires us to follow the CFA guidelines". In March, the community had a win when the Alpine Shire Council agreed to write to the Victorian government opposing one of the batteries. "Five councillors voted in favour of opposing it, and so we won that. And that was just amazing … I was crying," Dederang resident Sharon McEvoy said. For the past 18 months, Ms McEvoy has been spearheading the campaign against the two battery projects. "The first one is basically at our front door, 450 metres downhill," she told 7.30. "The other one is uphill from that proposal, a couple of hundred metres, and that would be about 600 metres from our house." She's helped send hundreds of letters to the state government and created petitions against both proposals. "We have got over 800 submissions, objections that people have written in personally in some way, shape or form, to the development programs department voicing their objections to it," she said. "For the second proposal, we've got over 700 written in. We presented a petition to the parliament with 1,300 signatures saying, 'please don't build it here'." 7.30 requested interviews with both the Victorian Planning Minister Sonya Kilkenny and the Victorian Energy Minister Lily D'Ambrosio; both declined. Instead, a Victorian government spokesperson said: "To continue to keep bills down and keep the lights on, we've streamlined planning approvals for renewable energy projects." "All members of the community can make submissions which will form part of any planning decision-making." It's expected a decision on Mint Renewables and Trina Solar's projects will be made later this year. The Alpine Shire Council is expected to vote on whether it will formally object or endorse the Trina Solar battery project at a council meeting on Tuesday. Watch 7.30, Mondays to Thursdays 7:30pm on ABC iview and ABC TV Do you know more about this story? Get in touch with 7.30 here.
Time of India
22-05-2025
- Business
- Time of India
Gujarat achieves 35.16 GW renewable energy capacity
Prime Minister Narendra Modi has announced a nationwide target to achieve net zero by 2070, and Gujarat has made remarkable progress toward this goal by becoming the top state in India for renewable energy installation. As of April 30, 2025, Gujarat's total installed renewable energy capacity stands at 35.16 GW, according to data from the Ministry of New and Renewable Energy (MNRE) . This milestone reflects the state's strong commitment to sustainability and green growth. Under the leadership of Chief Minister Bhupendra Patel , Gujarat ranks first in several RE segments: 1st in Total Installed Renewable Energy Capacity (35.16 GW); 1st in Installed Wind Power Capacity (13.51 GW); 2nd in Installed Solar Power Capacity (19.42 GW); 1st in Rooftop Solar Installation (5.31 GW); also, Gujarat contributes 15.72 per cent to India's total installed RE capacity. Gujarat's diverse RE mix includes wind, solar, small and large hydropower, and bioenergy. Of the total 35.16 GW capacity, 13,514.68 MW comes from wind, 19,421.8 MW from solar, 106.64 MW from small hydro, 1,990 MW from large hydro, and 129.85 MW from bio power sources. Gujarat Urja Vikas Nigam Limited (GUVNL) is playing a pivotal role in advancing energy storage solutions and promoting seamless integration of renewable energy into the grid. GUVNL has already secured agreements for Battery Energy Storage Systems (BESS) with a cumulative capacity of 1,192 MW / 4,777 MWh. The state is also exploring Pumped Storage Projects with an estimated potential of over 32 GW. A key innovation under this strategy is the 35 MW Solar PV project with 57 MWh BESS at Kutch Lignite Thermal Power Station (KLTPS). This co-located project optimizes existing evacuation infrastructure and land availability to improve solar deployment and grid reliability--representing Gujarat's forward-looking approach to clean energy. During FY 2024-25, Gujarat generated nearly 32,790 million units (MU) of power through renewable sources--accounting for more than 22% of the state's total power consumption of 1,46,467 MU. This contribution underscores the state's accelerating clean energy transition and its impact on sustainable power availability. The state added over 5.9 GW of new RE capacity during the same period, increasing from 27.46 GW to 33.39 GW. This includes 4.95 GW from solar and 954.76 MW from wind, strengthening Gujarat's energy diversification. GUVNL's forward-thinking initiatives are also making renewable energy accessible and cost-effective for Gujarat's industrial hubs and GIDC estates--boosting industrial efficiency without compromising sustainability goals. With visionary leadership, stable policies, and strong infrastructure, Gujarat continues to lead the nation in building a clean, resilient, and future-ready energy ecosystem. With clear policy direction from Prime Minister Shri Narendra Modi and on-ground execution led by Chief Minister Bhupendra Patel, Gujarat has firmly established itself as the growth engine of India's renewable energy journey. By combining scale, innovation, and inclusivity, the state is not only powering its industries and communities but also contributing meaningfully to the nation's clean energy vision and the larger goal of Viksit Bharat. As Gujarat accelerates its clean energy transition, it continues to inspire other states to adopt bold, future-ready energy strategies.
