Markets & Policy

Deepak Thakur, the former chief of Sterling and Wilson’s hybrid and energy storage business, has joined solar EPC contractor Mahindra Susten.

JSW Energy, a private-sector power producer, has revealed that its green energy arm has signed an agreement to acquire 1.33 GW of wind and 422 MW of solar assets from Mytrah Energy. The assets are spread across nine states in India.

Shell has completed the $1.55 billion acquisition of Solenergi Power, an Actis company holding 100% of Indian renewables developer Sprng Energy.

Adani Solar, which has 3.5 GW of PV cell and module production capacity, has selected Roofsol Energy as a partner for the retail distribution of its solar panels in Maharashtra. 

Adani has partnered with Israel Innovation Authority to leverage the broad Israeli technology ecosystem for its diverse businesses in renewable energy, logistics, and more. The partnership provides Israeli companies a unique opportunity to codevelop, pilot, and scale up innovative technologies by utilizing Adani’s extensive industrial asset base.

The Ahmedabad-headquartered renewable energy solution provider will establish a plant in Pune, Maharashtra, to produce personal mobility and cargo electric vehicles priced at INR 5-6 lac ($6,292-$7,550). Production will likely start in October.

Wood Mackenzie said it expects the United States and China to represent 75% of global energy storage demand in a highly consolidated market.

As written in the Inflation Reduction Act of 2022, the tax credit will begin at 30% and step down to 26% in 2033 and 22% in 2034.

Under the agreement, The Energy and Resources Institute (TERI) will provide research and technical know-how to support Indian Railways in its renewable energy and energy-efficiency projects.

India installed 12.3 GW of solar in the twelve months ending March 31, 2022. The nation is expected to add a record 20 GW in the current fiscal.