{"id":463153,"date":"2022-01-21T10:36:23","date_gmt":"2022-01-21T05:06:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=463153"},"modified":"2022-01-21T10:36:23","modified_gmt":"2022-01-21T05:06:23","slug":"renew-power-fluence-in-jv-for-energy-storage","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/renew-power-fluence-in-jv-for-energy-storage\/","title":{"rendered":"ReNew Power, Fluence in JV for energy storage"},"content":{"rendered":"<p>NEW DELHI: The Nasdaqlisted ReNew Power and Fluence, one of the largest players in the battery storage business, on Thursday announced setting up a 50:50 joint venture to boost energy storage in the country.<br \/>\n\u201cThe JV\u2019s first customer will be ReNew for 150MWh BESS at its 300MW Peak Power Project site with SECI,\u201d the companies said. ReNew Power chairman and CEO Sumant Sinha said that in future the pool of projects will be widened, with the market projected to reach 27GW\/ 108GWh by 2030, according to India\u2019s Central Electricity Authority. \u201cThe storage business will grow substantially as we need to balance it with generation capacity,\u201d Sinha said, adding that a large part of the business will be EPC-type, requiring lower amounts of capital.<br \/>\nHe did not disclose the capital that will be earmarked by the two partners, saying that it will depend on the orders that they get.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The Nasdaqlisted ReNew Power and Fluence, one of the largest players in the battery storage business, on Thursday announced setting up a 50:50 joint venture to boost energy storage in the country. \u201cThe JV\u2019s first customer will be ReNew for 150MWh BESS at its 300MW Peak Power Project site with SECI,\u201d the companies said. ReNew Power chairman and CEO Sumant Sinha said that in future the pool of projects will be widened, with the market projected to reach 27GW\/ 108GWh by 2030, according to India\u2019s Central Electricity Authority. \u201cThe storage business will grow substantially as we need to [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-463153","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/463153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=463153"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/463153\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=463153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=463153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=463153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}