Azure Power refinances its 600MW Rajasthan solar project at the lowest rate of interest in its portfolio to date
The Indian developer has refinanced its existing term loan of INR 23.50 billion (US$ 313 million) for the 600MW solar project at an interest rate of 7.2% per annum, fixed for 42 months.
IFC to support development of a 600MW solar park in Uttar Pradesh
The solar project-ready site will be developed by state-run hydropower company THDC in a joint venture with the Uttar Pradesh New & Renewable Energy Development Agency. The International Finance Corporation will lend its expertise to attract private investment for the public-private partnership.
Bangladesh Army signs 1GW solar deal for training base
American power company Eleris Energy has agreed to construct five 200MW solar plants on the Swarna Dweep island administered by the army and used for training exercises, with the capacity due online within five years.
Ecoppia’s full robotic cleaning suite lands job at Azure Power’s 400MW solar site
The Israeli robotic cleaning specialist will deploy its E4, T4 as well as the latest H4 products for the Indian developer’s 400 MW solar project that combines fixed-tilt and single-axis trackers.
Water-based electrolyzer for green hydrogen production
Verdagy has secured a $25 million investment for its new electrolyzer technology, which provides hydrogen fuel for heavy industrial applications. The membrane-based technology uses large active area cells, high current densities, and broad operating ranges to deliver hydrogen at scale.
New poly fabs could head off first-half solar project slowdown
Norwegian analyst Rystad Energy has warned the solar industry could suffer the same effects of rising input prices as onshore wind developers grappling with ever more costly steel, with much hinging on how much solar panel raw material polysilicon can be manufactured.
New agrivoltaic system design from Germany
Germany’s Sunfarming is testing the new project design in cooperation with research centers Jülich and the Fraunhofer ISE.
Torrent Power to acquire 25 MW solar plant, Reliance completes acquisition of 40% stake in Sterling & Wilson Solar
The 25 MW solar project acquired by Torrent Power benefits from a a 25-year power purchase agreement with Gujarat Urja Vikas Nigam Ltd. Reliance New Energy Solar Ltd, a wholly-owned unit of Reliance Industries Ltd, now holds 40% of the total paid-up equity share capital of Sterling & Wilson Solar following acquisition of a further stake from its promoters.
Rajasthan signs pacts for over 90 GW of renewable energy projects
State-owned power producers THDC India, NTPC, NHPC, and SJVN have committed investments to build 10 GW of renewable energy capacity each. Among private firms, Reliance plans 20 GW and Axis Energy Group 28 GW of solar projects and 4 GW solar module manufacturing facility.
Storing solar power with grid-scale molten hydroxide
Seaborg Technologies, a Danish manufacturer of molten salt nuclear reactors, has turned a technology that was originally developed for nuclear power into a large-scale storage solution for wind and solar. It has developed a storage system that uses renewable energy to heat salt with electrical heaters, based on two-tank molten salt storage designs developed for concentrated solar power plants.
