The PV plant is situated in the Solapur district of Maharashtra. It benefits from a 25-year power purchase agreement with Solar Energy Corporation of India Limited at a fixed tariff of INR4.43 per unit.

Convergence Energy Services limited, an arm of Energy Efficiency Services Limited (EESL), will set up electric vehicle charging points at Hindustan Petroleum Corporation Limited outlets in major cities including Mumbai, Delhi, Bengaluru, Hyderabad, Chennai, Kolkata, and Pune. The two partners are also identifying major highways across India where adequate charging infrastructure can be installed.

The Indian developer has a cumulative 4.8 GWp solar portfolio, including 2.2 GWp operational and another 2.6 GWp under-construction projects. It will use the proceeds from the green bonds to finance twelve of its solar assets in India. 

The Indian multinational, which has 11.4 GWp of solar EPC portfolio and 8.1 GWp operations and maintenance, aims to use its project management skills and strong stakeholder relationships to become a global leader in the future energy market.

With this power purchase agreement, ABC Renewable, a joint venture between Canadian asset manager Brookfield and clean energy firm Axis Energy Ventures India, has enhanced its RE portfolio to 1,080 MW comprising solar and solar-wind hybrid projects.

The equity investment is expected to see Federal Bank increase the financing for green projects including energy efficiency, renewable energy, climate-smart agriculture, green buildings, and waste management.

The Indian manufacturer has opened a new facility in Telangana with an annual cell and module production capacity of 750 MW.

A new report says solar-plus-energy storage will become an attractive investment option for commercial consumers in India as early as 2023 for electricity bill reduction. For high-tariff paying residential consumers, the system will reach grid parity post-2027. The report findings are based on the levelized cost analysis of solar-plus-energy storage systems for consumers in the Indian State of Tamil Nadu.  

The Indian solar manufacturer has released the Helia series of high-efficiency mono PERC PV panels. Ranging from 450W to 600W outputs, the multi-busbar modules are designed for use in residential, commercial and utility-scale installations.

The captive solar plant will quadruple Mahindra & Mahindra’s renewable energy share from 12% to 56% in Maharashtra. It shall be developed by ReNew Power arm on a build-own-operate basis.