Latest news with #AdaniGreen
Mint
13-06-2025
- Business
- Mint
Battery energy storage stocks: A small-cap watchlist
Energy cannot be created or destroyed. It only changes form. The principle many of us read in school textbooks is now unfolding in a powerful way, defining how we power homes, cities, and the economy. The sun and the wind are becoming the backbone of India's energy story. In 2024-25, India added 34 gigawatts (GW) of power capacity. The most telling part? A staggering 29.5GW of that came from renewable sources—mostly solar and wind. The country's installed renewable capacity now stands at nearly 220GW, and the government aims for 500GW by 2030. Also Read: SMIDs vs bluechip: Make safer bets as experts see a deeper correction But here's the challenge with nature: it doesn't follow our schedule. The sun doesn't shine at night (sometimes not even during the day), and the wind doesn't blow on demand. This is where the next big opportunity in the energy sector is emerging: energy storage. To turn inconsistent renewable energy resources into a reliable source of power, we need a way to store the energy they produce. The solution: Battery Energy Storage Systems, or BESS. Without BESS, the rise of green energy would be just reduced to a concept. BESS takes excess electricity when it's abundant and stores it for times when the grid needs it most. Battery systems help buildings with solar panels use their own energy at night. They help reduce pressure on the grid when demand surges at once. They also perform complex tasks like stabilizing voltage and frequency on the power grid. Without storage, the shift to renewables could hit a wall. India recognizes this. Every new solar project in the country is now required to include co-located energy storage, with enough battery capacity to store at least two hours' worth or 10% of the installed solar capacity. Well, the bottom line is that storage is not optional anymore. It's integral and mandatory. But are BESS projects viable? Well, increasingly yes. The cost of lithium-ion batteries, which power most BESS today, has crashed in recent years. Innovations, improved supply chains, and mass production have all contributed to making these systems more affordable. Also Read: Gold is back under pressure after a stunning surge. What's driving the dip? The government, too, is putting its money where its mouth is—offering viability gap funding to support up to 30% of capital costs for storage projects. What does this mean for the market? A massive runway for growth. India's National Electricity Plan aims for 47GW of battery energy storage by 2032. For context, the current installed capacity is just 300MW. That's a projected growth of over 150X in under a decade. According to the industry players, by 2030, the Indian BESS market could reach $32 billion, growing at a compound annual rate of 27%. This shift is already beginning to show in the markets. Established names in power generation and renewable energy are either entering or expanding their storage portfolios. Tata Power, JSW Energy, Adani Green, NHPC, KPI Green Energy, Sterling & Wilson, and Acme Solar are all making moves in this direction. But the real intrigue lies in the less obvious names. Advait Infratech, for example, is a company that primarily operates in telecom and power transmission infrastructure. It has quietly announced plans to develop 1GW worth of battery energy storage projects over the next five years. Bondada Engineering (SME), a small but nimble player, has emerged as the lowest bidder for a BESS project for Telangana GENCO, worth ₹240 crore and is eyeing a pipeline of projects totalling ₹1,000 crore. For IEX, storage increases its relevance. BESS allows energy to be charged and discharged at optimal times, increasing energy liquidity on exchanges and potentially boosting volumes. Also Read: GE Vernova's impressive turnaround has stretched the stock's valuation Then there are players like Jupiter Wagons, best known for making rail freight wagons. It has diversified into electric mobility and received orders for full-fledged battery storage systems. Quality Power Electrical Equipments recently acquired a majority stake in STATCON Energiaa, a domestic power electronics manufacturer whose offerings include BESS. Himadri Specialty Chemicals is working on key lithium-ion battery materials and boasts backward integration—a rare edge in this space. Similarly, PCBL is developing ultra-conductive battery chemicals and helping build a local supply chain for battery materials. These companies may not be traditional energy giants, but they're positioning themselves for tomorrow's market. For investors, that spells opportunity. Of course, no big opportunity emerges without its fair share of risks. And there are some real risks to consider. Technological disruptions and different cell chemistries, for instance. And then there is China, producing around 75% of lithium-ion batteries. This creates exposure to geopolitical and supply disruptions, and competition risk. Government policy, though supportive now, can change course. And scaling BESS projects comes with execution risks. Still, it's an interesting emerging space to watch out for. It may not be long before it becomes as essential as the energy it stores. The time to pay attention isn't when everyone is already onboard. It's when the pieces are just starting to come together. That's where we are with BESS. So, stay alert. Happy Investing. Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. This article is syndicated from
Time of India
04-06-2025
- Business
- Time of India
India adds 1.1 GW solar open access capacity in Q1 2025, down 48% from previous quarter
New Delhi: India added 1.1 gigawatts (GW) of solar open access capacity in the first quarter (Q1) of calendar year (CY) 2025, a decline of nearly 48 per cent from 2.1 GW recorded in the preceding quarter (Q4 2024), according to the Q1 2025 edition of Mercom India's Solar Open Access Market Report. Year-on-year, installations were down by 47 per cent compared to over 2 GW in Q1 2024. The report attributed the slowdown to module shortages caused by the year-end commissioning rush driven by the close of the financial year, a lack of transmission infrastructure, delays in the connectivity approval process, and uncertainty around the Inter-State Transmission System (ISTS) waiver. "The open access solar market is beset by new challenges but the demand for clean energy has not only increased but expanded to encompass solar, wind, and energy storage. Many states are joining the green energy open access route owing to the demand their businesses operating in the state. But ISTS charges waiver would be integral to greater adoption by industries keen on wheeling power from renewable energy resource rich states," said Priya Sanjay, Managing Director at Mercom India. Solar open access projects accounted for 19.8 per cent of the total large-scale solar installations in Q1 2025. Of the open access projects installed during the quarter, 67.4 per cent were standalone solar, 32 per cent were wind-solar hybrid projects, and 0.6 per cent were floating solar installations. Maharashtra led in quarterly solar open access capacity additions, contributing nearly 29 per cent of the installations. The top five states accounted for over 89 per cent of total installations during the quarter. As of March 2025, India's cumulative installed solar open access capacity stood at 21.5 GW. Karnataka remained the leading state in terms of cumulative capacity, accounting for around 24 per cent of total installations. Maharashtra and Tamil Nadu followed, contributing nearly 17 per cent and over 12 per cent respectively. The pipeline of solar open access projects under development or in pre-construction stages was over 31 GW as of March 2025. The top five states comprised nearly 87 per cent of these pipeline projects. In Q4 2024, Adani Green was the leading seller in the Green Day-Ahead Market (G-DAM), accounting for over 41 per cent of the electricity sold. Maharashtra was the top procurer, accounting for 17 per cent of the electricity purchased through G-DAM. The cleared volume of Renewable Energy Certificates (RECs) traded on the Indian Energy Exchange (IEX) rose by 155 per cent quarter-over-quarter (QoQ), while trading in the Green Term Ahead Market (G-TAM) increased by around 72 per cent QoQ. The Q1 2025 Solar Open Access report also offers detailed insights into retail electricity tariffs, power purchase agreement (PPA) prices, and open access-related charges and costs across 15 states.
Hans India
03-06-2025
- Business
- Hans India
Energy major TotalEnergies ‘committed' to support Adani Green's growth: CEO
Paris: Patrick Pouyanne, Chairman and CEO of the French energy giant TotalEnergies, has said the company is committed to continuing to support the expansion of Adani Green Energy Ltd (AGEL). In a meeting with Commerce and Industry Minister Piyush Goyal here, Pouyanne said they are committed to continuing to support the expansion of Adani Green, 'which already has 14 gigawatts of capacity,' and we 'will continue to support this growth.' Pouyanne also outlined TotalEnergies' broader Indian expansion plans, including increased energy exports from the US. Goyal also posted on X: 'Met Patrick Pouyanne, Chairman and CEO of TotalEnergies and discussed the company's investment plans for India and avenues for deeper collaboration in the renewable energy sector'. The French energy major has about $5 billion worth of investments in India, focusing on natural gas infrastructure, city gas development, and renewable energy projects, particularly solar and wind. In January 2021, TotalEnergies collaborated with Adani Green for the first time when it acquired a minority stake in the renewable energy company. Last month, Adani Green Energy Limited became the world's first renewable energy (RE) Independent Power Producer (IPP) to turn water positive across its entire operational portfolio, which exceeds a massive 14 GW capacity. AGEL achieved water positivity a year ahead of its FY26 target to set a new standard for sustainability. It is the first and only among the top 10 global companies (in terms of operational RE portfolio) to ever reach this milestone. Adani Green posted robust FY25 results, surpassing $1 billion in EBITDA, as operational renewable energy (RE) capacity grew a healthy 30 per cent to 14.2 GW (year-on-year), which continues to be India's largest. The Adani Group company reported greenfield addition of 3.3 GW in FY25, India's highest ever by any RE firm, and contributed 16 per cent of nationwide utility-scale solar and 14 per cent of wind installations last fiscal. AGEL is developing a massive 30 GW renewable energy plant at Khavda in Gujarat. This is spread over an area of 538 sq km, almost five times the city of Paris.
Time of India
02-06-2025
- Business
- Time of India
Back Adani Green expansion: Total
PARIS: TotalEnergies has said that it intends to back Adani Green's expansion while lining up further investments in India. "On the renewable side, we continue to support the expansion of Adani Green, which already has 14 gigawatts of capacity. So, we will continue to support this growth," Total Energies chairman and CEO Patrick Pouyanne said after meeting commerce and industry minister Piyush Goyal. After Adani got embroiled in legal actions in the US on corruption related allegations, TotalEnergies had said that it will not make any new "financial contribution as part of its investments in the Adani Group of companies". Pouyanne said the company, which has invested $5 billion in India, intends to develop its energy business and sell more, especially from the US. "We are the largest US exporter of total energy. So, we can bring more. We also have a big venture in Mozambique," he said. LNG is one of the sectors where India is seeking to step up purchases from the US as part of efforts to make trade between the two countries more equitable. India has a trade surplus of $41 billion with the US. Goyal met several business heads over the last two days. After his meeting with the minister, L'Oreal CEO Nicolas Hieronimus said the cosmetics major plans to more than double its business in India over the next couple of years. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India Gazette
02-06-2025
- Business
- India Gazette
French energy giant TotalEnergies reaffirms support for Adani Green's expansion in India
By Shailesh Yadav Paris [France], 2 June (ANI): TotalEnergies is 'committed to continue to support the expansion of Adani Green,' Patrick Pouyanne, Chairman and CEO of the French energy giant, said on Monday. With Adani Green Energy Limited (AGEL )'s current capacity of 14 gigawatts and plans for continued expansion, the partnership with TotalEnergies is expected to play a crucial role in India's ambitious renewable energy targets and the country's transition toward cleaner energy sources. Pouyanne said this during his meeting with Indian Commerce and Industry Minister Piyush Goyal, who is currently on a three-day visit to France from June 1. 'We are committed to continue to support the expansion of Adani Green, which already has 14 gigawatts of capacity,' Pouyanne stated, adding, 'We will continue to support this growth.' The French energy major has invested approximately USD 5 billion in India over the past five years, focusing on natural gas infrastructure, city gas development, and renewable energy projects, particularly solar and wind installations, in partnership with Adani entities. TotalEnergies' involvement with Adani Green began in January 2021 when the company acquired a minority stake in the publicly listed renewable energy firm. As part of its strategy to strengthen renewable energy development in India, TotalEnergies also secured a 50 per cent stake in three joint ventures with AGEL operating renewable energy assets. During the Paris meetings, Pouyanne outlined TotalEnergies' broader Indian expansion plans, including increased energy exports from the United States, where the company serves as the largest energy exporter. The executive also highlighted plans to restart operations in Mozambique, which could provide additional energy supplies to India. This commitment marks a significant turnaround from TotalEnergies' position following allegations made by short-seller Hindenburg Research against the Adani Group last year. In response to those allegations, the French company had announced it would suspend further financial contributions to its Adani investments pending clarification of the accusations and their consequences. TotalEnergies emphasised that its investments in Adani entities were conducted in full compliance with applicable laws and the company's internal governance processes based on thorough due diligence and declarations provided by the investment partners. The renewed partnership comes as both companies look to capitalise on India's growing renewable energy market. Minister Goyal reportedly encouraged TotalEnergies to expand its presence in India further, building on the substantial investments already made in the country's energy infrastructure. The announcement also follows a memorandum of understanding signed with Gujarat State Petroleum Corporation (GSPC) during the India Energy Summit, signalling TotalEnergies' broader commitment to the Indian energy sector. (ANI)
