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PVH to supply trackers for L&T’s 805 MW solar project in Saudi Arabia

Spain-headquartered PV Hardware (PVH) will supply its trackers to Larsen & Toubro for an 805 MW DC PV project in Saudi Arabia.

QIA buys 2.7% stake in Adani Green Energy

Qatar Investment Authority (QIA) has acquired 42,604,601 shares from Adani Green Energy’s promoter Infinite Trade and Investment at a price of INR 920 per share.

India needs 60-100 GW of electrolysis capacity to meet 5 MMT per year green hydrogen target

India’s National Green Hydrogen Mission targets the development of 5 million metric tonnes of green hydrogen production capacity per annum by 2030, which would require the nation to install 60-100 GW of electrolyzer capacity.

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BPCL targets EV charging facility at 7,000 fuel stations by December next year

Bharat Petroleum Corp. Ltd plans to convert 7,000 of its fuel stations into complete energy stations by equipping them with electric vehicle charging facilities by Dec. 2024.

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Apraava Energy signs MoUs worth $1.1 billion with REC and PFC

Apraava Energy will use the funds to develop its wind, transmission, and advanced metering projects.

Waaree Energies raises $121 million in ValueQuest-led equity funding round

Waaree Energies said it will use the latest equity investment to build a 6 GW solar wafer-to-module manufacturing capacity.

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Airtouch Solar signs $8.5 million cleaning robot contract with ReNew

Airtouch Solar will supply and install its dry-cleaning robots for PV panels in ReNew projects. It will also provide operation and maintenance support for 25 years.

C4V, Trot Solutions tie up to develop green ports in India

C4V, a New York-headquartered lithium-ion cell technology company, has tied up with UAE-based Trot Solutions to develop green ports in India. The alliance has started to discuss with the port operators for its first green port project at Jawaharlal Nehru Port Terminal in India. 

40 MW solar plant to power Ayodhya

The Uttar Pradesh government will lease out 165 acres of land to NTPC Renewable Energy Ltd to develop the solar project. The power generated will be purchased by Uttar Pradesh Power Corp. Ltd at a fixed price.

Adani New Industries Q1 revenue up 209% YoY 

Adani New Industries Ltd recorded a revenue of INR 1,898 crore ($229 million) in the first quarter of FY 2023-24, 209% up year-on-year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 7.5 times to INR 355 crore as export volumes surged 19 times.

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