Avaada Energy raises US$192 million through green bonds
Avaada Energy is issuing green bonds for INR 1440 crore (US$192 million) at 6.75%, making it India’s largest AAA-rated green bond by any renewable energy developer.
India installed 10 GW of solar in 2021
India recorded the highest ever annual solar installation in 2021 despite a rise in component costs.
ReNew Power announces third-quarter and nine-month results for FY2021-22
The developer reported a widening of net loss for nine months ending December with the increase in expenses.
Philippines’ largest battery comes online at 120MW solar park
The 40MW/60MWh Alaminos Energy Storage system is now connected to the 120MW Alaminos solar park. Both facilities were built by renewable energy developer AC Energy.
Azure Power refinances its 600MW Rajasthan solar project at the lowest rate of interest in its portfolio to date
The Indian developer has refinanced its existing term loan of INR 23.50 billion (US$ 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.
