Uma Gupta
Saatvik joins PV Cycle initiative for solar waste recycling
Indian manufacturer Saatvik has joined Belgium-based PV Cycle’s recycling scheme for damaged solar modules.
Leading RE companies’ receivables period to shrink 20% this fiscal
State-owned electricity distribution companies implementing the Late Payment Surcharge (LPS) scheme may clear dues worth INR 2,000 crore (around $250 million) this fiscal, supporting renewable energy generators to build capacity for growth and reduce leverage.
SECI tenders 2.25 GW of round-the-clock power from renewable hybrids
Prospective developers in Solar Energy Corp. of India’s latest tender will set up renewable energy projects to supply round-the-clock power. The projects can be located anywhere in India. Bidding closes on Oct. 10.
GaoRun hires former Wuxi Lead executive
GaoRun, a China-based supplier of automated solar module production equipment, has appointed Hitesh Tungal as the vice president of its global business, effective from Sept. 1. The company has also decided to open an office in India.
Reliance Industries to acquire majority stake in SenseHawk
Reliance Industries is set to buy 79.4% of US-based SenseHawk, which provides software-as-a-service (SaaS) solutions for process optimization, automation, and asset information management across the solar asset lifecycle. The startup has globally deployed its software at more than 600 sites.
Sembcorp to sell Indian unit
Singapore-headquartered Sembcorp Industries (Sembcorp) has signed an agreement to sell Sembcorp Energy India to Tanweer Infrastructure for $2.1 billion. It said the proposed sale will accelerate the transformation of its portfolio from brown to green.
Bringing solar tracker prices down is ‘top priority’ – Arctech India chief
Gail Chen, CEO of Arctech’s joint venture manufacturing base in India, says the company is committed to bringing solar tracker prices down for customers and enabling a lower cost of electricity in the country.
KPI Green ventures into wind-solar project development
Gujarat-based KPI Green Energy is developing a 16.10 MW wind-solar hybrid power plant in Gujarat. It expects the project to go online in March 2023.
Wall-mountable lithium battery inverter from India
India’s Mecwin has unveiled compact, wall-mountable lithium battery inverters with 1,100 VA and 2,100 VA ratings. The 1,100 VA devices measure 455 mm x 530 mm x 235 mm and weigh 23 kg. The built-in battery can be charged with grid power and solar electricity.
Virescent to acquire 100 MW of operating solar assets from Jakson
Virescent, a KKR-backed renewable energy platform in India, will acquire Jakson’s 100 MWp of operational solar assets in Uttar Pradesh and Rajasthan.
