Markets

E-waste company opens battery recycling plants in Singapore and France

TES issued a press release announcing the new facilities that is light on detail but claimed the plants would position it as ‘a leader’ in battery recycling. The company also announced an intent to move into the reuse of spent electric vehicle batteries in commercial and residential applications.

Azure Power to raise US $75 million equity from Canadian investor CDPQ

The investment will increase Caisse de dépôt et placement du Québec’s equity stake in the NYSE-listed solar developer to 49.4% from current 41.4%.

Gujarat solar capacity just shy of 2.7 GW

The state this week raised its clean energy ambition to 30 GW of generation capacity within three years as figures showed ground-mounted solar is expanding at a faster rate than rooftop installations.

Haryana retenders 57 MW grid-connected solar capacity

Haryana Power Generation Corporation Limited has retendered ground-mounted solar capacity of 57 MW with relaxation in eligibility criteria. The projects—to be set up on build, operate and transfer basis—shall come up at three sites in the state and will be awarded through international competitive bidding. Bidding closes on November 25.

Uttar Pradesh cabinet approves tariffs for 72 MW solar projects

The power produced by NTPC (40 MW) and Sukhbir Agro Energy (32 MW) will be purchased by Uttar Pradesh Power Corporation Limited at tariffs of Rs 3.02/KWh and Rs 3.05/KWh, respectively, for a period of 25 years.

Siemens to impart skills in renewable energy and e-mobility

The ‘Skills for Sustainable Growth’ project will be implemented by Siemens in partnership with India’s Ministry of Skill Development and Entrepreneurship and German development agency GIZ.

Uttar Pradesh to tap state water bodies for solar power

Jal Shakti minister Mahendra Singh wants to achieve a win-win by wiping out his department’s Rs3,000 crore electricity bill and selling clean energy to the Ministry of Power. His solution involves ambitious plans for floating PV in Uttar Pradesh.

CEL seeks pre-bid tie-ups for KUSUM projects in Rajasthan

State-owned module maker Central Electronics Limited will bid for distributed grid connected solar projects in Rajasthan DISCOMs, in tie-up with another party that will carry out the installation work using its panels in case of award of contract.

Tata Power, Rockefeller Foundation partner on microgrids

TP Renewable Microgrid—the joint venture of India’s integrated power company and the US-based impact investor—is said to become the world’s largest microgrid developer and operator with plans to set up 10,000 microgrids by 2026.

Lithium batteries – 12 lakh tons ready for recycling by 2030

The recycling market will experience a tenfold expansion between last year and 2030, driven by EV battery usage and portable electronics. Retrieving valuable metals and minerals is becoming a high priority and several dozen companies are already in position for the first big wave of end-of-life batteries.

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