Karnataka attracts massive investments in wind-solar hybrids
Ayana Renewable Power, Azure Power, EDF Renewables India, Sterlite Power, Torrent Power, and Vena Energy have committed investments in wind-solar hybrid projects in the state.
Acme to invest $6.3 billion in green hydrogen, ammonia project in Karnataka
The renewables developer will build a 1.2 mtpa green hydrogen and green ammonia project with integrated RE generation capacity in the state.
Attero to invest $72.4 million in setting up ‘world’s most advanced’ Li-ion battery recycling plant in Telangana
The company already has a state-of-the-art lithium battery recycling plant in Roorkee, Uttarakhand, with a recovery efficiency of more than 98% across various battery materials. It said the new plant in Telangana will increase its Li-ion battery recycling capacity to 19,500 MT by the end of 2023 from the current 4,500 MT.
ABC Cleantech to invest $6 billion in setting up green hydrogen, ammonia facility in Karnataka
ABC Cleantech, a part of Axis Energy Group, will invest around $6 billion (INR 50,000 crore) to build a green hydrogen and ammonia plant, integrated with 5 GW of renewable energy capacity, in the Indian state of Karnataka.
UK-backed Neev Fund invests $25 million in Hygenco
Haryana-based Hygenco plans to develop and rapidly scale up multiple green hydrogen facilities across India in the next two years.
EKI Energy, First Source launch climate edtech, finance venture
EKI Energy and First Source Energy have launched a joint venture entity that will drive focused educational initiatives while also mobilising funds from global markets for sustainable climate projects across the globe.
Jakson Green to develop $2.8 billion green ammonia and green hydrogen project in Rajasthan
Jakson Green, a new energy platform backed by Jakson Group, will set up a 365,000 tons per annum green hydrogen and green ammonia plant in Rajasthan. It will develop the plant, along with an integrated hybrid renewable power complex, in phases with a cumulative investment of about INR 22,400 crore.
Off-grid solar continues to expand
The off-grid solar sector has shown resilience in the face of pandemic-related challenges, with 70 million people gaining access to electricity from early 2020 to the end of 2021. However, the ability to pay for solar energy kits has taken a hit.
ISA Assembly approves payment guarantee mechanism for solar projects in Africa
The fifth assembly of the International Solar Alliance (ISA) approved Solar Facility, a payment guarantee mechanism to mitigate risks associated with solar projects in Africa.
EKI Energy, ICAM launch $125 million climate impact fund
EKI Energy will invest up to INR 200 crore ($25 million) as an anchor investor in the fund with a deep focus on community development projects across remote locations in India and select countries in Africa, Asia and LATAM.
