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KKR, Hero Group to invest $450 million in Hero Future Energies

The investment will support Hero Future Energies in expanding its renewable energy capacity and capabilities across the solar, wind, battery storage, and green hydrogen technologies.

US startup unveils 5 kW solar canopy for EV charging

Paired Power said its new 5 kW solar canopy measures 3.2 meters x 5.2 meters x 3.7 meters and can host up to 10 bifacial solar panels. It can be used in on-grid or off-grid modes and can be paired with lithium-ion battery storage systems up to 40 kWh in size.

Solar PV employed around 3.4 million people in 2021

Almost half of the workers were employed in China, around 280,000 in North America, over 260,000 in Europe, and some 50,000 in Africa, according to a new report by the International Energy Agency (IEA). The vast majority of workers were employed in manufacturing and installation of new capacity, with solar jobs paying lower wage premiums than the nuclear, oil, and gas industries.

Waaree Renewable Technologies to merge three arms

The solar equipment manufacturer and power producer announced this week its board of directors had approved the scheme for the merger of Sangam Rooftop Solar, Waaree PV Technologies, and Waasang Solar with the company.

Jharkhand launches tender for 2 MW canal-top solar project

Jharkhand Renewable Energy Development Agency (JREDA) has invited bids to build a 2 MW grid-connected solar project on top of the Sikdiri Canal in the Ranchi district. Bidding closes on October 6. 

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Canadian pension fund invests in Mahindra’s renewables arm 

Mahindra Group has agreed to sell a 30% equity stake in Mahindra Susten to the Ontario Teachers’ Pension Plan for around $300 million. The two parties have also agreed to set up an infrastructure investment trust so Mahindra Susten can strengthen its solar, hybrid energy, and integrated storage businesses, as well as its round-the-clock green energy plants.

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The long read: What does India’s National Wind-Solar Hybrid Policy mean?

In May 2018, India’s Ministry of New and Renewable Energy adopted the National Wind-Solar Hybrid Policy. Though paltry when it comes to offering incentives or preferential treatment to solar-wind-hybrid (SWH) projects, the policy aims to enable more SWH projects to efficiently utilize transmission infrastructure and land, as well as reducing variability in renewable generation and thus improving grid stability.

Streamlining EPC functioning with SaaS 

With software-as-a-service (SaaS) solutions, EPC users can manage different silos as per the solar project requirements. The software ensures that the silos are integrated and accessible during all phases of the EPC to maintain transparency. 

UPL partners CleanMax on 61.05 MW wind-solar project for self-consumption

UPL, a Mumbai-based sustainable agricultural solutions provider, will commission a 61.05 MW captive wind-solar project in a joint venture with developer CleanMax. The project will be located in Gujarat.

Agrivoltaics for arable crops

French developer TSE has commissioned its first agrivoltaic pilot project in northeastern France. The 2.4 MW installation spans 3 hectares and is installed on arable land devoted to the cultivation of soya, wheat, rye, barley, and rapeseed.

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