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REC lists $750 million green bonds on international stock exchanges at GIFT City

The green bond issuance was over-subscribed around 3.5 times from 161 investors.

MAHAPREIT, GEAPP partner on 1 GW of solar projects in Maharashtra

Global Energy Alliance for People and Planet (GEAPP) and Mahatma Phule Renewable Energy and Infrastructure Technology Ltd (MAHAPREIT) have signed a Memorandum of Intent (MoI) to implement 1 GW of solar projects across Maharashtra.

Commissioning extension for solar projects only on case-by-case basis, says MNRE

Solar Energy Corp. of India, NTPC, and NHPC would examine developers’ requests for an extension to their solar and wind-solar projects on a case-by-case basis. The extension would be granted only if the developer has taken all possible measures to implement the project (such as land acquisition and order for module/balance-of-system supply) but couldn’t complete it for reasons beyond his control.

Exide targets 12 GWh of li-ion cell capacity by 2027

Gayatri Dadheech, chief technology officer at Exide Industries Ltd, told pv magazine their first-phase 6 GWh lithium-ion cell manufacturing capacity in India would become operational by December next year and will produce lithium ferro phosphate (LFP) and nickel-manganese-cobalt (NMC) cells. The following 6 GWh, targeted by 2027, could be based on advanced lithium-ion, solid-state, or other battery technology.

Adani Green Energy doubles profit in FY 2022-23

Adani Green Energy has reported a profit after tax of INR 973 crore in FY 2022-23, almost 100% up from INR 489 crore in FY 2021-22.

What’s cooking in a farmhouse factory

Kunwer Sachdev, the founder of Su-kam brand inverters in India, has converted his farmhouse in Gurugram into an R&D and manufacturing facility for new-age solar and lithium battery storage products under his new venture Su-vastika Systems. He speaks to pv magazine about their offerings including mobile energy storage, lithium battery tester, solar inverters, and more.  

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GAIL to enter solar manufacturing

India’s largest natural gas company plans to partner with an undisclosed company to undertake vertically integrated solar manufacturing. 

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People on the move: Longi Hydrogen and Hygenco

Gaurav Gaba has joined Longi Hydrogen as sales director. Shashank Adlakha is starting a new position as a chief operating officer at Hygenco -The Hydrogen Company.

Serentica Renewables secures additional $250 million from KKR

US investor KKR’s latest investment builds on its $400 million commitment to Serentica Renewables last year.

Navitas Solar ramping up PV panel capacity to 1.7 GW

Indian manufacturer Navitas Solar is ramping up its PV panel capacity to 1.7 GW per year by adding a new 1.2 GW manufacturing facility. The new facility can produce M10 and G12 mono PERC and TOPCon modules.

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