REC Ltd has signed a Memorandum of Understanding (MoU) with the National Investment and Infrastructure Fund Ltd to collaborate on funding solutions for renewable energy projects.

CapitaLand India Trust (CLINT), an Indian property trust listed on the Singapore Exchange Securities Trading Ltd, has commissioned a 21 MW solar plant for consumption by the common areas of its assets in Tamil Nadu. The solar plant will increase CLINT assets’ renewable energy usage by over 70% in line with its net zero commitment.

The Asian Infrastructure Investment Bank (AIIB) has invested around $58.4 million in a renewable energy Infrastructure Investment Trust (InvIT) co-sponsored by Mahindra Susten and Ontario Teachers’ Pension Plan. The InvIT holds around 1.54 GWp of operational solar power assets seeded by Mahindra Susten.

Ratings agency ICRA has maintained a stable outlook for the renewable energy sector in India on the back of strong policy support, healthy demand prospects, superior tariff competitiveness among other positive factors.

Ritesh Singhi joins Cleantech Solar from Ampin Energy Transition, where he served as chief operating officer for the commercial and industrial segment.

ACME Group has signed an offtake agreement with Japan’s IHI Corp. for its green ammonia project in Odisha. The pact covers the supply of 0.4 mmtpa (million metric tons per annum) of green ammonia from Phase-1 of Acme’s Gopalpur project on a long-term basis.

India’s Ministry of Heavy Industries has invited global bids to set up a cumulative 10 GWh of giga-scale advanced chemistry cell (ACC) manufacturing facilities under production-linked incentives scheme. Bidding closes on April 22 and bids will be opened on April 23, 2024.

Juniper Green Energy and KPI Green have emerged winners in Gujarat Urja Vikas Nigam Ltd’s tender for 500 MW of grid-connected wind-solar hybrid projects. They secured 150 MW and 50 MW capacities, respectively.

Greenko founders-owned AM Green will partner with Chinese multinational Envision Energy to manufacture wind turbines in India for green energy projects of AM Green and its customers. The two companies will also collaborate on net-zero industrial parks and green hydrogen projects in India and globally.

Solar and waste-to-energy producer SAEL has secured $1 billion from financial institutions including Norfund, DFC, Asian Development Bank (ADB), and Tata Cleantech.