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IndiGrid's operational portfolio includes transmission (pictured) and solar PV, while the company recently brought online its first grid-scale BESS. Image: IndiGrid via X.

World Bank’s IFC commits financing to KKR-backed investor’s 360MWh battery storage project in Gujarat, India

July 4, 2025
The International Finance Corporation (IFC) will loan IR4.6 billion (US$55 million) to infrastructure investor IndiGrid for a standalone battery storage project in Gujarat, India.
Powin's senior lender has appointed Jerry Uzzi as independent manager of the company. Image: Powin

Powin’s ‘significant financial challenge reflective of industry headwinds,’ company says

June 3, 2025
A financial advisor has been appointed to manage US energy storage system integrator Powin, with the company “navigating a period of significant financial challenge”.
Peninsula Clean Energy CEO Shawn Marshall cuts the ribbon to inaugurate a solar PV carport project in Los Banos, California, with the city's mayor Michael Amabile earlier this year. Image: Peninsula Clean Energy
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California CCA’s contract for KKR-owned BESS includes protections for tariff, tax credit risk

May 28, 2025
Even during times of turmoil for the US renewable energy industry, IPPs are continuing to secure long-term offtake agreements in California.
BII and Norfund executives with InidiGrid CEO Harsh Shah (centre) launching EnerGrid at COP29. Image: IndiGrid

IndiGrid launches India BESS platform with British, Norwegian government co-investors at COP29

November 13, 2024
India Grid Trust (IndiGrid) and development finance institutions from Great Britain and Norway have launched a transmission and battery storage development platform.
Image: Powin.

KKR provides US$450 million debt financing for US BESS firms Powin and Peregrine

October 3, 2024
KKR has closed debt financing transactions with battery storage system integrator Powin and developer Peregrine Energy Solutions.

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