Polysilicon maker predicts 5-year shortage of solar raw material
TBEA-owned Xinte Energy says it cannot produce polysilicon quickly enough to meet demand and wants shareholders to back its bid to quadruple its manufacturing capacity by mid 2024.
Borosil Renewables to acquire Europe’s largest solar glass maker Interfloat Group
With this acquisition, the Indian manufacturer’s solar glass output will grow to 750 tonnes per day (TPD) from the current 450 TPD.
Torrent Power completes the acquisition of 50MW solar plant from Lightsource bp and UKCI
The PV plant, situated in Maharashtra, is owned and operated by Lightsource BP’s renewable energy arm Lightsource Renewable Energy (India) in finance partnership with UK government-funded green investment platform UKCI.
Virescent Renewable Energy Trust completes the acquisition of 50MW operating solar asset from Godawari Green Energy
The 50MW concentrated solar power plant, located in the state of Rajasthan, was commissioned in June 2013 and benefits from a 25-year power purchase agreement with NTPC Vidyut Vyapar Nigam.
European investor ThomasLloyd gets government approval for SolarArise acquisition
Delhi-based SolarArise India Projects, an investee company of ThomasLloyd, owns seven solar power projects with a cumulative capacity of 434MW in India.
Reliance to acquire cobalt-free battery specialist Lithium Werks
The Indian multinational business conglomerate has signed the agreement to buy Netherlands-headquartered lithium iron phosphate (LFP) battery specialist Lithium Werks for US$ 61 million, including funding for future growth.
Torrent Power to acquire 25 MW solar plant, Reliance completes acquisition of 40% stake in Sterling & Wilson Solar
The 25 MW solar project acquired by Torrent Power benefits from a a 25-year power purchase agreement with Gujarat Urja Vikas Nigam Ltd. Reliance New Energy Solar Ltd, a wholly-owned unit of Reliance Industries Ltd, now holds 40% of the total paid-up equity share capital of Sterling & Wilson Solar following acquisition of a further stake from its promoters.
Virescent Renewable Energy Trust raises INR 650 crore via domestic bonds
The investors included domestic financial institutions India Infrastructure Finance Company Limited and Aseem Infrastructure Finance Limited. Virescent shall use the proceeds primarily to fund solar asset acquisitions related debt requirements.
ReNew Power sells rooftop solar portfolio to Fourth Partner
The NASDAQ-listed Indian renewable energy developer has sold off its 117 MW/138 MWp of distributed rooftop solar portfolio to Hyderabad-based Fourth Partner Energy for INR 6.72 billion (US$89.9 million), ensuring its increased focus on higher-return, larger-scale projects.
Exide infuses US$2.68 million into lithium battery JV with Leclanché
Exide Leclanche Energy Private Limited, the joint venture with Swiss energy storage specialist Leclanché, has a lithium battery pack and module assembly factory in Gujarat.
