Today’s renewable energy news includes announcements on Tata Power, Boom Power, Encavis, SOFAZ, among others.
Tata Power Renewable Signs 120 MWh Battery Storage Deal with NHPC for Kerala
Tata Power Renewable Energy has signed a 120 MWh Battery Energy Storage Purchase Agreement (BESPA) with NHPC to set up India’s first standalone, utility-scale battery storage project in Ramagiri, Kerala. This project provides two hours of storage capacity aimed at improving grid stability, peak load management, and supporting renewable energy integration. The investment reflects Tata Power’s strategy to expand its energy storage portfolio and NHPC’s diversification beyond hydropower. The technology focus is on advanced lithium-ion batteries with high efficiency and reliability. Customers, particularly utilities, will benefit from enhanced grid resilience and renewable energy optimization. Innovation in flexible energy solutions underpins the project’s design. Benefits include reduced emissions, improved renewable energy utilization, energy security, and alignment with India’s 2030 climate targets.
Boom Power Given Nod for UK Solar Farm
Boom Power has received planning consent for a 50 MW solar farm in North Yorkshire, UK, named Cranswick Solar Farm. The project is expected to generate approximately 50 GWh of clean electricity annually, enough to power around 15,000 homes. This approval supports Boom Power’s strategy to expand its UK solar portfolio and contribute to the country’s renewable energy and net-zero targets. The project will feature advanced photovoltaic technology and biodiversity measures, aligning with environmental best practices and community engagement commitments. Customers, including utilities and corporate buyers, will benefit from reliable, low-carbon electricity. The project also strengthens local energy security. Benefits include reduced emissions, support for the UK’s decarbonization goals, and the promotion of sustainable land use through dual-purpose energy and agriculture initiatives.
Azerbaijan Fund to Buy Stake in Italian PV Portfolio
Azerbaijan’s sovereign wealth fund, SOFAZ, has agreed to acquire a 49 percent stake in a 275 MW operational solar PV portfolio in Italy owned by German renewables firm Encavis AG. The portfolio comprises fully operational, grid-connected assets backed by long-term power purchase agreements (PPAs), providing stable and predictable revenue streams. This marks SOFAZ’s first significant renewable energy investment in Europe, aligning with its strategy to diversify into sustainable infrastructure with reliable, long-term returns. The investment reflects the growing global appetite for low-risk, income-generating renewable assets in mature markets. Benefits include strengthening SOFAZ’s exposure to the European green energy sector, supporting Italy’s decarbonization targets, enhancing grid stability, and contributing to Europe’s broader energy transition and long-term climate objectives.
GreentechLead.com News Desk