APT Translations

The project consists of two installations, each with a 500 MWh storage capacity, designed for two hours of storage in one cycle. The project will be developed under a Build Own Operate and Transfer (BOOT) mechanism and will be transferred to the offtaker after 12 years, the company said.

The recent surge in copper prices is posing significant financial challenges for India's renewable energy sector, leading to increased project costs and budgeting issues

"We want to help communities, especially those in remote regions, with mobile and portable power systems," Ram said at the sidelines of the 2024 Clean Economy Investor Forum, organised under the auspices of the Indo-Pacific Economic Framework (IPEF) here June 5-6.

The related infrastructure that would transmit electricity to consumption centres will see further investment of over USD 290 million, two sources with knowledge of the matter said.

Nishant Kumar, an Assistant Professor at the Electrical Engineering Department at IIT Jodhpur, revealed that the adaptor is expected to cost under INR 1,000. Kumar emphasized, "This could be particularly effective if the solar panel initiative succeeds."

The government on Thursday said that it provided financial assistance to Pune-based firm Krishigati for EV technology called 'Electric Bull' in intercultural farming operations.

For the fiscal year 2025, India will need approximately 58 tonnes of lithium, 17 tonnes of cobalt, 52 tonnes of nickel, and 609 tonnes of graphite.

Looking forward, the ministerial meeting set the schedule for the first meeting of the three Supply Chain institutional committees to be held virtually in July 2024 and in person in Washington DC later that year.

The forum underscored the alignment of these initiatives with global investment trends and the transition to sustainable energy sources.

The statement of Singapore's ministry of trade and economy, which hosted the meet, out of the 69 projects, 20 investment-ready projects worth about USD 6 billion were presented to investors at business matching sessions.