Leading RE companies’ receivables period to shrink 20% this fiscal
State-owned electricity distribution companies implementing the Late Payment Surcharge (LPS) scheme may clear dues worth INR 2,000 crore (around $250 million) this fiscal, supporting renewable energy generators to build capacity for growth and reduce leverage.
Solinteg launches new residential hybrid inverter series
Solinteg’s new hybrid inverters come in seven versions with nominal power ranging from 3 kW to 9 kW, an efficiency rating of 97.6%, and a European efficiency of 97.0%. They measure 534 mm × 418 mm × 210 mm and weigh 27 kg.
SECI tenders 2.25 GW of round-the-clock power from renewable hybrids
Prospective developers in Solar Energy Corp. of India’s latest tender will set up renewable energy projects to supply round-the-clock power. The projects can be located anywhere in India. Bidding closes on Oct. 10.
Reliance Industries to acquire majority stake in SenseHawk
Reliance Industries is set to buy 79.4% of US-based SenseHawk, which provides software-as-a-service (SaaS) solutions for process optimization, automation, and asset information management across the solar asset lifecycle. The startup has globally deployed its software at more than 600 sites.
KPI Green ventures into wind-solar project development
Gujarat-based KPI Green Energy is developing a 16.10 MW wind-solar hybrid power plant in Gujarat. It expects the project to go online in March 2023.
Wall-mountable lithium battery inverter from India
India’s Mecwin has unveiled compact, wall-mountable lithium battery inverters with 1,100 VA and 2,100 VA ratings. The 1,100 VA devices measure 455 mm x 530 mm x 235 mm and weigh 23 kg. The built-in battery can be charged with grid power and solar electricity.
Virescent to acquire 100 MW of operating solar assets from Jakson
Virescent, a KKR-backed renewable energy platform in India, will acquire Jakson’s 100 MWp of operational solar assets in Uttar Pradesh and Rajasthan.
Tata Power Delhi Distribution tenders 510 MW of wind-solar hybrid projects
Tata Power Delhi Distribution has launched a tender to develop 510 MW of grid-connected wind-solar hybrid projects, including 255 MW under a greenshoe option, on a build-own-operate basis. It will procure the generated power under a 25-year power purchase agreement.
US startup unveils plug-and-play solid-state battery for residential applications
Zendure has developed a residential storage system using a semi-solid state battery with 6.438 kWh capacity. Each unit is scalable with up to four batteries, bring the capacity of one unit to 32 kWh and of two units to 64 kWh. The system can be used with solar panels.
Renewables offer $350 billion investment opportunity by 2030, says Aspire Circle India
A new report by Aspire Circle India estimates the potential of renewable energy and the clean-tech sector according to parameters such as revenue and job creation by 2030, and highlights the top 10 areas for investment.
