Waaree Energy Storage System secures seed funding of US$2 million
The energy storage manufacturer will use the funds to expand its manufacturing capabilities, and aid product development with emphasis on smart Internet of Things (IOT) based batteries and telematics.
Tata Power and Social Alpha invest in energy analytics startup ‘Urja’
The startup has developed an industrial Internet of Things-enabled sensor and analytics solution that allows manufacturing and power industries to track device-level energy wastage in real time.
JICA extends 10-billion yen support for renewable energy projects in India
Japan International Cooperation Agency has signed an agreement with Tata Cleantech Capital to mobilize JPY 10-billion debt fund for projects across renewable energy, e-mobility, and energy efficiency sectors.
India’s rooftop solar installation still dismal at 3.9 GW
Rooftop solar, at 3.9 GW, accounts for only around 10% of the cumulative grid-connected solar capacity installed by the nation as of February end this year.
India’s $122bn energy stimulus spending may benefit fossil fuels most
A report says India’s energy investment commitments over the last 14 months largely feature measures for power transmission and distribution that could benefit greenhouse-gas-producing fuels more than renewables.
Adani Green Energy raises US$ 1.35 billion in debt funding
The developer has secured the revolving fund from 12 international banks. It would use the amount to initially finance its 1.69 GW hybrid portfolio of solar and wind projects to be set up in the Indian state of Rajasthan.
EV maker Euler Motors and energy service firm Smart Joules raise funding from ADB Ventures
Asian Development Bank’s new venture arm ADB Ventures, which invests in technology startups disrupting traditional sectors in the Asia Pacific, has made its first investments into the Indian startups Euler Motors and Smart Joules.
AC Energy, UPC Solar JV raises funding to develop 100 MW Rajasthan project
UPC-AC Energy Solar has closed a debt-to-equity financing deal with the US International Development Finance Corporation (DFC) to develop a 100 MW PV project in Rajasthan.
Haryana plans 93 MW solar power capacity
The Haryana Power Generation Corporation Limited (HPGCL) plans to develop 77 MW solar capacity on its own land and 16 MW on land owned by village councils.
India, Sweden to fund joint R&D in renewable energy and storage
The Department of Science & Technology, Government of India, and the Swedish Agency for Innovation Systems (Vinnova) have issued a call for joint R&D proposals in renewable energy, electric vehicles and energy storage. The deadline for the submission of proposals is May 6.
