CERC Issues New Deviation Settlement Guidelines to Maintain Grid Security

CERC Issues New Deviation Settlement Guidelines to Maintain Grid Security

The Central Electricity Regulatory Commission (CERC) has issued new guidelines to supplement the Deviation Settlement Mechanism (DSM) Regulations 2022 to maintain grid security. The Commission has added a new category ...
/ / Grid, Market & Policy
IndiGrid’s Q3 Profit Rises 27% to ₹1.19 Billion on the Back of Acquisitions

IndiGrid’s Q3 Profit Rises 27% to ₹1.19 Billion on the Back of Acquisitions

IndiGrid, the Indian power sector’s first infrastructure investment trust (InvIT), said its profit jumped 27% year-over-year (YoY) to ₹1.19 billion (~$14.59 million) in the third quarter (Q3) of the financial ...
/ / Finance and M&A, Grid, T&D
Power Ministry Proposes Expansion of Economical Power Dispatch Program

Power Ministry Proposes Expansion of Economical Power Dispatch Program

The Ministry of Power has proposed to expand the security-constrained economic dispatch (SCED) program by including more state-owned thermal projects, which would run on a day-ahead basis. The program also ...
/ / Grid, Market & Policy
EV Makers Expect Tax Cuts and Incentives in Budget 2023

EV Makers Expect Tax Cuts and Incentives in Budget 2023

The Indian electric vehicle (EV) industry is hoping for the government to rationalize the indirect tax structure on EV components and extend the rollout of incentives under the Faster Adoption ...
Tesla’s Q4 Profit Up 19% YoY, Solar & Storage Revenues Rise to $1.31 Billion

Tesla’s Q4 Profit Up 19% YoY, Solar & Storage Revenues Rise to $1.31 Billion

Tesla recorded a revenue of $24.32 billion from all its businesses in the fourth quarter (Q4) of 2022, a year-over-year (YoY) of 37% compared to $17.72 billion in the previous ...
Shell to Acquire US-based EV Charging Firm Volta for $169 Million

Shell to Acquire US-based EV Charging Firm Volta for $169 Million

Shell USA, a subsidiary of the oil major Shell, has acquired Volta, a U.S.-based Electric Vehicle (EV) Infrastructure company, in an all-cash transaction valued at approximately $169 million. The acquisition ...
Study Says EV Batteries Can Meet Short-Term Grid Storage Demand by 2030

Study Says EV Batteries Can Meet Short-Term Grid Storage Demand by 2030

Electric car batteries could boost storage by injecting electricity into the grid during times of scarcity or store during periods of excess and meet short-term storage demand as early as ...
Electric Vehicle Motor Maker Chara Raises $4.75 Million in Pre-Series A Round

Electric Vehicle Motor Maker Chara Raises $4.75 Million in Pre-Series A Round

Chara, a Bengaluru-based manufacturer of electric motors for electric vehicles (EV), has raised $4.75 million in a pre-series A round funding, which was led by venture capitalist Exfinity Venture Partners ...
/ / Electric Vehicles, Grid
Supreme Court to Assess Progress in Great Indian Bustard Case This Week

Supreme Court to Assess Progress in Great Indian Bustard Case This Week

The Supreme Court is likely to apprise itself of the status of the installation of bird flight diverters atop power transmission in the habitat of the endangered Great Indian Bustard ...
Kerala’s ANERT Invites Bids to Procure 1,000 Smart Energy Meters

Kerala’s ANERT Invites Bids to Procure 1,000 Smart Energy Meters

The Agency for New & Renewable Energy Research and Technology (ANERT) has invited bids to procure 1,000 smart energy meters as part of the Solar City Project being implemented by ...
/ / Grid, Smart Grid
Karnataka Regulator Cuts Permissible Deviation for Wind and Solar Projects

Karnataka Regulator Cuts Permissible Deviation for Wind and Solar Projects

The Karnataka Electricity Regulatory Commission (KERC) has said that the permissible deviation for all wind and solar generators will be in the band of 10% of the scheduled energy injection ...
/ / Grid, Renewable Energy
Industry Expects Electric Vehicle Sales to Build on Blockbuster 2022

Industry Expects Electric Vehicle Sales to Build on Blockbuster 2022

The electric vehicle (EV) industry is entering the new year on the back of blockbuster sales in 2022 when it clocked one million units, a growth of over 300%, as ...
Central Government Invites Bids for Buying and Leasing 3,500 E-Cars

CESL to Lease 3,500 Electric Cars, Invites Bids

Convergence Energy Services (CESL), a wholly-owned subsidiary of Energy Efficiency Services (ESSL), has invited price bids to lease 3,500 electric four-wheelers (cars) to various departments and autonomous bodies across 18 ...
/ / Electric Vehicles, Grid
RBI to Issue ₹160 Billion Sovereign Green Bonds in Two Tranches

RBI to Issue ₹160 Billion Sovereign Green Bonds in Two Tranches

The Reserve Bank of India (RBI), in consultation with the government, has said it will issue the Sovereign Green Bonds (SGB) worth ₹160 billion (~$1.9 billion) in two tranches on ...
Central Government Issues Tender To Supply 4,675 e-Buses

Central Government Issues Tender To Supply 4,675 e-Buses

Convergence Energy Services (CESL), a wholly-owned subsidiary of Energy Efficiency Services (EESL) has issued a tender to select bus operators for the procurement, supply, and maintenance of 4,675 electric buses ...
/ / Electric Vehicles, Grid
EV Charging Aggregation Platform ElectricPe Raises $5 Million in Funding

EV Charging Aggregation Platform ElectricPe Raises $5 Million in Funding

Bengaluru-based electric vehicle (EV) charging aggregation platform ElectricPe closed a pre-series A funding round of $5 million, taking the company’s total capital raised in the last 12 months to $8 ...
Norfund, KLP to Acquire 49% Stake in ReNew’s Transmission Project

Norfund, KLP to Acquire 49% Stake in ReNew’s Transmission Project

Norway’s development finance institution Norfund and the country’s largest pension fund KLP have announced an investment of NOK109 million (~$10.85 million) for a 49% ownership stake in ReNew Power’s transmission ...
/ / Grid, Market & Policy
Norway EV Sales in 2022 Surged on Expectations of Higher Taxes in New Year

Norway EV Sales in 2022 Surged on Expectations of Higher Taxes in New Year

The market for electric vehicles (EVs) expanded further in Norway in 2022 with Norway’s Road Traffic Information Council data showing that 79.3% of all new passenger vehicles sold were electric, ...
Electric Vehicle Sales Clocked a Record One Million Units in 2022

Electric Vehicle Sales Clocked a Record One Million Units in 2022

Electric vehicle (EV) sales in India reached a record one million units in 2022, a jump of over 300% against the 322,877 units sold in 2021. EVs accounted for 4.7% ...
Power Ministry Considering Direct Benefit Transfer for Electricity Subsidies

Power Ministry Considering Direct Benefit Transfer for Electricity Subsidies

The Ministry of Power is considering changes in the tariff policy that will allow the state governments to provide subsidies to eligible categories of consumers directly into their bank accounts ...
EV Charging Stations on Highways will be Powered by Solar if Feasible

EV Charging Stations on Highways to be Powered by Solar

The National Highways Authority of India (NHAI) has proposed to power electric vehicle (EV) charging stations along highways with solar energy wherever feasible, the Ministry of Road Transport and Highways ...
/ / Electric Vehicles, Grid, Solar
Power Ministry Mulling Shorter PPA Tenure to Help DISCOMs and Power Markets

Power Ministry Mulls Shorter PPA Tenure to Help DISCOMs and Power Markets

The Ministry of Power is considering cutting the tenure of prospective long-term power purchase agreements (PPAs) to 12-15 years from the extant 25 years to provide more flexibility to the ...
/ / Grid, Market & Policy
Eicher Motors to Acquire 10.3% Stake in E-Motorcycle Firm for €50 million

Eicher Motors to Acquire 10.3% Stake in E-Motorcycle Firm for €50 million

India-based automobile conglomerate and the parent company of Royal Enfield, Eicher Motors (EML), said it would acquire a 10.35% stake in European electric motorcycle manufacturer Stark Future with an initial ...
CERC Retains Market Clearing Price Cap of ₹12/kWh in Exchanges for Now

CERC Retains Market Clearing Price Cap of ₹12/kWh in Exchanges for Now

The Central Electricity Regulatory Commission (CERC) passed a suo motu order retaining the ₹12 (~$0.14)/kWh price cap on power exchanges till further notice to ensure that prices didn’t rise disproportionately ...
/ / Grid, Market & Policy
Explainer Why Have the New Regulations Made the Grid Unstable

Explainer: Why the New Regulations Have Made the Grid Unstable

Less than three weeks after the Central Electricity Regulatory Commission's (CERC) new regulation de-linked deviation charges and frequency, grid frequency swung wildly and dangerously on December 20, which spooked the ...