Tata Power has raised INR 4,000 crore (US$ 525 million) from a consortium led by the world’s largest fund manager BlackRock Real Assets and Abu Dhabi sovereign wealth fund Mubadala Investment Company to fund the growth of its renewable energy business.

Global bids are invited to develop a cumulative 500MW of battery energy storage system facilities on a ‘build-own-operate-transfer’ (BOOT) basis in the Indian State of Rajasthan. The proposed plants can be set up in two projects of 250MW size, each with the capacity to store at least two hours of electricity. Bidding closes on June 10.

While ALMM does support domestic manufacturers, this is not a sustained solution considering the wide demand-supply gap. Disincentivising imports could be a workable strategy when there is enough capacity back home.

The private-sector producer has announced its 225MW solar plant for JSW Steel under group captive scheme is now operational.

The state-owned integrated power utility has invited bids to install and commission a cumulative 20MW of ground-mounted, grid-connected solar capacity at its thermal power plant in Durgapur, West Bengal. Bidding closes on May 14.

Reliance New Energy, the new energy arm of Reliance Industries Ltd, has appointed former SunEdison president Hak Do Yoo as chief operating officer for silicon crystal and wafering.

Indian renewable energy developer Greenko Group has partnered with Belgium’s John Cockerill to develop a green hydrogen electrolyzer factory with a capacity of 2GW per annum.  The partnership will also see the two companies jointly develop large-scale green hydrogen projects in India.

A new report by JMK Research and the Institute for Energy Economics and Financial Analysis (IEEFA) says India is likely to miss its ‘100GW by 2022’ solar target by about 27GW, mainly due to the underwhelming growth of rooftop solar. While utility-scale solar is on track to achieve nearly 97% of the 60GW installed capacity targeted by 2022, rooftop solar will be 25GW short of the 40GW mark.

Based in Gurugram, the plant will produce customized lithium battery packs for electric vehicles and stationary energy storage applications, including solar. The production capacity will be scaled up to 200MWh/annum by December end.

Pune-based SolarEra Green Renewables has installed a 500kWp rooftop solar plant for Hindustan Waste Treatment. The plant uses 912 numbers of 550Wp mono PERC half-cut modules from Trina Solar.