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.
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.
SJVN awards 100 MW solar project to Tata Power
State-owned hydropower producer SJVN has awarded a 100 MW solar engineering, procurement, and construction project to Tata Power Solar. The INR 612 crore ($76.7 million) PV project will be built at the Raghanesda solar park in the Indian state of Gujarat.
Avaada wins 300 MW of solar with $0.036/kWh bid
Avaada has agreed to supply electricity from 300 MW of PV capacity to Maharashtra State Electricity Distribution Co. (MSEDCL) on a long-term basis.
PV-powered direct air electrolysis module to produce hydrogen from moisture in air
Scientists in Australia have developed a new way to produce hydrogen using water from the atmosphere. They claim their new module can ensure stable performance and provide green hydrogen for remote areas.
Hydraulic robotic cleaning solutions for ground-mounted solar plants
France’s AX Solar Robot has unveiled two battery-free, hydraulic-powered cleaning solutions for ground-mounted PV plants. It is also distributing a modular battery-powered solution suitable for rooftop installations.
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.
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.
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.
