ACME Solar raises $334 million via offshore green bonds
The Indian developer has a cumulative 4.8 GWp solar portfolio, including 2.2 GWp operational and another 2.6 GWp under-construction projects. It will use the proceeds from the green bonds to finance twelve of its solar assets in India.
Sterling and Wilson Solar expands into hybrid energy plant, storage EPC
The Indian multinational, which has 11.4 GWp of solar EPC portfolio and 8.1 GWp operations and maintenance, aims to use its project management skills and strong stakeholder relationships to become a global leader in the future energy market.
First Solar plans a 3.3 GW Indian module fab
The U.S.-based manufacturer is planning a vertically integrated thin-film solar module manufacturing facility in India. The factory will likely be built in Tamil Nadu and become operational in the second half of 2023.
ABC Renewable signs 380 MW solar-wind PPA with SECI
With this power purchase agreement, ABC Renewable, a joint venture between Canadian asset manager Brookfield and clean energy firm Axis Energy Ventures India, has enhanced its RE portfolio to 1,080 MW comprising solar and solar-wind hybrid projects.
Arc-shaped PV system for agrivoltaics from Germany
The PV mounting system was developed by Germany-based Goldbeck and will initially be available in the Netherlands from 2022. The company will test the new technology in a 45 MW PV project.
Mahindra & Mahindra adopting a 58 MWp solar plant for self-consumption
The captive solar plant will quadruple Mahindra & Mahindra’s renewable energy share from 12% to 56% in Maharashtra. It shall be developed by ReNew Power arm on a build-own-operate basis.
South Eastern Coalfields targets 142 MW solar in three years
The Coal India Limited arm plans a 40MW ground-mounted, grid-connected solar power plant initially as it eyes an overall 142 MW PV capacity in three years.
ReNew Power wins 200 MW in MSEDCL solar auction
The Haryana-based developer secured the solar power project from the Maharashtra utility at a tariff of INR 2.43/ kWh (US$0.033). The project will likely be located in Gujarat or Rajasthan. It shall use mono PERC modules produced from ReNew Power’s upcoming 2 GW factory in Gujarat.
ReNew Power to use Dassault Systèmes’ 3D virtual platform for RE project management
The Indian developer will use the 3DExperience virtual platform to manage its utility-scale solar, wind, and hybrid energy projects more efficiently. The platform enables users to track the progress of multiple complex projects, quickly act on insights and ensure best-in-class delivery.
India has reached 42.3 GW of grid-interactive solar
India has installed 42.3 GW of cumulative grid-connected solar capacity, with additions led by Karnataka (7,409 MW), Rajasthan (6,581 MW), and Gujarat (5,132 MW).
