Gentari and Greenko founders-owned AM Green will jointly invest in the green ammonia platform, AMG Ammonia, to produce and export green ammonia from India. Both partners bring complementary capabilities across the green hydrogen value chain, including renewable energy, electrolyzers, and ammonia production and marketing capabilities. GIC will also invest in AMG Ammonia.

SJVN Green Energy Ltd will pilot a 2 MW floating solar project based on Norwegian firm Ocean Sun’s membrane-based floater technology. Once this pilot project succeeds, the two companies will collaborate to deploy this technology on a large scale in the southern part of India. 

Indian solar module manufacturers will have significant opportunities until July 2024 to sell their products in the USA market. However, their exports to the USA may start stagnating from 2025 and declining from 2027 onwards as the USA develops domestic capacities under its Inflation Reduction Act (IRA), according to a new report by IEEFA and JMK Research.

Adani Energy Solutions Ltd (AESL) has commissioned a transmission project in Tamil Nadu for evacuation of up to 2.5 GW of green power produced in the region. This project will provide industrial, commercial, and residential consumers with enhanced access to reliable and clean energy in Tamil Nadu.

Ciel & Terre India has completed a 10.765 MWp floating solar plant for Tata Steel in Jamshedpur, Jharkhand. The project utilizes 19,936 units of ‘made in India’ Hydrelio aiR 1440 floats.

Tata Power Renewable Energy Ltd (TPREL) will deploy a 43.75 MW AC solar plant for consumption by Mukand Ltd, a Bajaj Group company and a manufacturer of specialty steel long products and heavy machinery in India.

The Solar Power Developers Association (SPDA) is now Sustainable Projects Developers Association (SPDA), representing solution providers across solar, wind, hybrid, battery energy storage systems, green hydrogen and green ammonia sectors.  

Waaree Renewable Technologies has reported a revenue of INR 150.06 crore (around $18 million) and a net profit (profit after tax) of INR 18.29 crore for the quarter ending Sept. 30.

Gensol Engineering Ltd will install and commission a 62 MW AC grid-interactive solar PV project along with the associated power evacuation system up to the designated substation in Maharashtra. The scope also includes five-year operation and maintenance support. The total project value is INR 302 crore (over $36 million).

Sterling and Wilson Renewable Energy reported that it secured EPC orders worth INR 2,640 crore ($317.21 million) in Q2 FY 2024. This is around 467% up from order inflows in Q1 FY 2024.