NTPC Green Energy Ltd and Oil and Natural Gas Corp. Ltd (ONGC) have signed an agreement to collaborate in various areas of renewable energy (including energy storage, green hydrogen and its derivatives) in India and overseas.

Gautam Solar will invest INR 150 crore to double its PV module production capacity to 2 GW per year.  

Already 5.8 million tons of green hydrogen manufacturing capacity is in different stages of installation in India, said power minister R.K. Singh at a summit in New Delhi recently.

Shyam Metalics’ entry into battery-grade aluminum foil at scale will support domestic Lithium-ion battery production.

Exide Energy is setting up 6 GWh of lithium battery capacity initially, including 3 GWh for lithium nickel cobalt manganese oxide (NCM) and lithium iron phosphate (LFP) cells each. It plans to scale it to 12 GWh in the near future.

Solar manufacturers in India now have until Oct. 18 to bid for supplying 1 GWp of PV modules built with domestically manufactured cells.

To decarbonize the grid, India needs to add 40-50 GW of grid-scale renewable energy (solar and wind) capacity every year for the next few decades and phase out coal.  

NTPC Green Energy Ltd and Syama Prasad Mookerjee Port have signed a memorandum of understanding for the development of a green hydrogen hub at the Kolkata port.

The debt funding from REC will support Serentica in developing its 560 MW of wind and solar capacities in the state of Karnataka.

Swiss-Germany company LUXRA Group and India’s Rayzon Solar have agreed to form a joint venture for PV module production in India. The partnership will combine LUXRA’s technology and Rayzon’s operational expertise in PV panel manufacturing.