Waaree Renewable Technologies to merge three arms
The solar equipment manufacturer and power producer announced this week its board of directors had approved the scheme for the merger of Sangam Rooftop Solar, Waaree PV Technologies, and Waasang Solar with the company.
Canadian pension fund invests in Mahindra’s renewables arm
Mahindra Group has agreed to sell a 30% equity stake in Mahindra Susten to the Ontario Teachers’ Pension Plan for around $300 million. The two parties have also agreed to set up an infrastructure investment trust so Mahindra Susten can strengthen its solar, hybrid energy, and integrated storage businesses, as well as its round-the-clock green energy plants.
Husk Power Systems secures $6 million from EU-funded EDFI ElectriFI
Bihar-based Husk Power Systems will use $6 million of newly acquired funds to build solar hybrid microgrids in 80 communities in rural India. The renewables services provider already owns and operates more than 120 microgrids in India.
Prescinto secures deal with energy storage major in USA
Gujarat-based Prescinto, which provides software-as-a-service (SaaS) solutions for clean energy asset management, has expanded beyond wind and solar into the rapidly accelerating energy storage market and added North America to its growing international portfolio.
Engie, NSDC to collaborate on solar skills training for 600 young people
Engie has partnered with India’s National Skill Development Corp. to train young people to become solar module technicians.
Flipkart to deploy 400 electric cargo vehicles for Delhi NCR
E-commerce retailer Flipkart has partnered with electric fleet operator Magenta Mobility to add 400 electric cargo vehicles to its fleet in India’s national capital region.
The long read: International investments in Indian PV
India is seeing massive investments in PV manufacturing, with manufacturers from Western countries, led by the United States, eager to get in on the act. Chinese companies have yet to make the same call, however.
Amp Energy to manufacture solar cells, modules
Amp Energy has agreed to partner with Websol Energy to produce up to 1.2 GW of monocrystalline PERC solar cells and modules.
Premier Energies earns LEED Gold certification for its solar factory
The Indian manufacturer’s facility at Electronic City in Telangana has become the first LEED Gold-rated solar cell and module manufacturing facility in India. It received the stringent green building rating from the US Green Building Council.
Making India a manufacturing hub for solar-based, decentralized energy products
A new report by GOGLA highlights the opportunities and challenges in establishing local manufacturing and assembly of solar-based decentralized energy solutions in India. It also explores the actions needed to maximize available opportunities.
