GP Eco Solutions intends to utilize INR 12.45 crore of the IPO proceeds to meet its working capital requirements and invest INR 7.6 crore in its subsidiary Invergy India to procure plant and machinery and set up a new facility.

The Indian solar industry’s transition to TOPCon and HJT underscores the need for technological upgrades and increased investment in cell manufacturing capabilities.

Avaada Energy has secured the Letter of Award (LoA) to develop and operate 1,138 MW of decentralised solar PV power projects for agriculture consumers across Maharashtra by 2025.

The winning developers will install battery energy storage systems in Gujarat with the primary objective of making the energy storage facility available to Gujarat Urja Vikas Nigam Ltd for charging/discharging of the BESS on an ‘on demand’ basis.

While the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme is a vital first step, it can be finetuned to generate interest among start-ups and global players.

Under the Net Zero Buildings Initiative, Mahindra Group and Johnson Controls have launched a cost-free toolkit that will help building and facility owners to learn about the best practices of sustainable buildings, implement tools to assess building parameters, identify and implement conservation measures, and understand building regulations in India, available incentives, technology, financing models, and more.

Delta Electronics, which has been present in India for the last 20 years, recently launched its containerized data center solution in the country. With all subsystems such as UPS, power distribution, battery, cooling, and racks well integrated, this plug-and-play solution ensures rapid deployment for edge computing applications in the IoT world. On the occasion, pv magazine spoke to Rajesh Kaushal, vice president of Delta Electronics India, about their containerized data center solution, lithium-ion battery and solar inverter business, and future plans for India. 

JSW Energy will receive a fixed capacity charge of INR 10.84 lakh per MW per month for twelve years for 60% (150 MW/300 MWh) of the total battery storage capacity.

Adani Green Energy Ltd has started power supply from an additional 448.95 MW of solar PV plants at Khavda, Gujarat, after operationalizing the first 551 MW section in February this year.

Matrix Gas & Renewables stated the capital raise will accelerate its green hydrogen production projects and hydrogen electrolyzer manufacturing plant, in addition to advancing the company’s growth in the gas aggregation business.