Swiss battery maker that intends to bring production lines to Gujarat has been helped along in a planned reduction of its debt pile by its domestic authorities. The way is now clear for a shareholder vote next Tuesday.
Historic Swiss brand Leclanché is on an expansionist trail, notably in India and low-carbon shipping, but restructuring its debts will involve ceding even more control of the venerable company to institutional investors.
The state government is proposing a range of incentives and mandates to drive PV and solar thermal installations to almost 9 GW within four years. Under the proposed policy, 10% of the public fleet would be replaced by electric vehicles.
The historic French brand says it will focus on rail, telecom and infrastructure, but environmentalists hoping the move finally heralds a breakthrough for electric vehicles in one of the world’s biggest transport markets appear set to be disappointed.
Germany’s Deger Energie and India-based Kavitsu Robotronix will open a new solar PV tracker manufacturing facility in India. The first products are set to come off the production line in January 2019.
India’s energy storage industry feels the government’s move to reduce GST on lithium-ion (Li-ion) batteries from 28% to 18% will benefit electric vehicles and the renewables sector. The government has also cut GST on the raw materials for battery manufacturing, to jump-start domestic industry.
Clean energy solution provider ACME Cleantech is planning to expand its current li-ion production capacity of 350 MWh to as much as 3 GWh by 2020. The company has also designed a charging plus swapping station for li-ion batteries to provide clean transport solutions.
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