Saatvik establishes US subsidiary
The Indian solar manufacturer will sell its made-in-India PV modules in the USA through the newly opened office in Texas. Going forward, it plans to set up an overseas manufacturing facility too.
KP Group and UAE’s Tristar partner on renewable energy projects
KP Group, a Gujarat-based renewable energy developer, has signed an agreement with UAE’s Tristar to jointly identify and execute wind, solar, green hydrogen, and green ammonia projects in multiple regions globally.
Avaada Group appoints CEO for renewables arm
Avaada Group has promoted Kishor Nair to the chief executive officer for its renewable arm Avaada Energy.
Tata Power Delhi discom signs $20.2 million financing deal with ADB
Tata Power will use the secured financing to enhance Delhi’s power distribution through grid enhancements and a battery energy storage system.
Grew wins 2 GW wafer-to-module capacity under PLI Scheme
Ahmedabad-based Grew Energy will receive incentives of INR 566.71 crore for 2 GW of integrated wafer-cell-module manufacturing.
Amp Energy India wins 1 GW solar cell and module capacity under PLI Scheme
The renewable energy developer has won incentives of INR 140 crore ($17 million) for 1 GW of integrated solar PV cell and module production capacity.
SJVN secures $111.3 million Japanese loan to fund solar projects
SJVN has secured around INR 915 crore ($111.3 million) loan to partly finance its 90 MW Omkareshwar floating solar project in Madhya Pradesh and 100 MW Raghanesda solar project in Gujarat.
JSW Energy completes acquisition of Mytrah’s 1.75 GW renewable assets
JSW Energy arm JSW Neo Energy has completed the acquisition of 1,331 MW of wind capacity and 422 MW solar from Mytrah Energy for INR 10,150 crore ($1,235 million).
Avaada Group wins 3 GW solar manufacturing capacity under PLI Scheme
Avaada Group won a production-linked incentive of INR 961 crore ($116.78 million) for 3 GW of wafer-to-module capacity.
India’s energy transition presents $25 billion annual investment potential: Avendus Capital
India attracted around $10 billion of annual investment in the renewable energy sector over the last five years. High economic growth and a stable commitment to decarbonization have drawn the attention of major organizations and investors from around the world.
