Acme, Scatec sign green ammonia sale agreement with Yara
Norway’s Yara International has agreed to buy 100,000 tonnes of green ammonia annually from Phase 1 of Acme and Scatec’s Omani project.
Israel, USA, UAE to support 300 MW wind-solar-storage project in Gujarat
The United States and Israel have the opportunity to provide clean energy solutions for the 300 MW wind-solar project complemented by a battery energy storage system. United Arab Emirates-based companies will explore participation as knowledge and investment partner.
ReNew refinances dollar-denominated bonds worth $525 million
The Indian renewable energy developer has refinanced its dollar-denominated bonds worth $525 million ahead of their maturity in 2024. The refinancing has slashed the interest cost by 200 basis points and pushed the maturity to the end of the fiscal year 2027.
Emmvee eyes early-mover advantage with wafer-to-module production
Bengaluru-based Emmvee Photovoltaic has a 1.25 GW module manufacturing facility that can produce polycrystalline and mono PERC solar panels, with the ability to upgrade to TOPCon. By the end of 2023, it will raise its module capacity to 3 GW by adding new units, including 1.5 GW of wafer-to-module capacity. Suhas Donthi, director-sales and operations, spoke to pv magazine about current demand for Indian manufacturers and what’s in store.
Aerem raises $2.5 million for its solar financing platform
The MSME solar financing platform will use the funds to grow its loan book, enhance the technology platform, and expand its team.
Tata Power commits INR 75,000 crore to renewables
Tata Power will invest more than INR 75,000 crore ($9.4 million) by the 2026-27 period to scale up its green businesses, including renewable energy generation and solar manufacturing.
One-third of global PV manufacturing capacity is at medium or high risk of bankruptcy, IEA says
A new report from the International Energy Agency stresses the importance of geographically diversifying the global PV supply chain. This would prevent supply chain vulnerability to bankruptcies and underinvestment.
Jakson enters utility-scale battery storage, green hydrogen markets
Noida-headquartered Jakson has roped in Sterling & Wilson Solar’s former global CEO, Bikesh Ogra, to lead a new venture that will focus on green hydrogen, utility-scale battery storage, and solar.
Jharkhand to install 4 GW of solar power generation capacity in five years
Under the Solar Energy Policy 2022, the Indian state tagets installing about 3 GW of utility-scale solar, 720 MW of distributed generation, and 280 MW off-grid capacity from fiscal 2022-23 to 2026-27.
Bihar makes preferential procurement pitch to lithium battery, solar manufacturers
The state of Bihar has started accepting bids from lithium battery and solar module manufacturers to set up factories under its preferential procurement incentive scheme. To be eligible, the bidders must meet the minimum qualifying criteria and be willing to set up at least 25 MW of solar module production capacity and 50,000 of lithium battery output per year.
