Saatvik joins PV Cycle initiative for solar waste recycling
Indian manufacturer Saatvik has joined Belgium-based PV Cycle’s recycling scheme for damaged solar modules.
Leading RE companies’ receivables period to shrink 20% this fiscal
State-owned electricity distribution companies implementing the Late Payment Surcharge (LPS) scheme may clear dues worth INR 2,000 crore (around $250 million) this fiscal, supporting renewable energy generators to build capacity for growth and reduce leverage.
GaoRun hires former Wuxi Lead executive
GaoRun, a China-based supplier of automated solar module production equipment, has appointed Hitesh Tungal as the vice president of its global business, effective from Sept. 1. The company has also decided to open an office in India.
Reliance Industries to acquire majority stake in SenseHawk
Reliance Industries is set to buy 79.4% of US-based SenseHawk, which provides software-as-a-service (SaaS) solutions for process optimization, automation, and asset information management across the solar asset lifecycle. The startup has globally deployed its software at more than 600 sites.
Sembcorp to sell Indian unit
Singapore-headquartered Sembcorp Industries (Sembcorp) has signed an agreement to sell Sembcorp Energy India to Tanweer Infrastructure for $2.1 billion. It said the proposed sale will accelerate the transformation of its portfolio from brown to green.
Virescent to acquire 100 MW of operating solar assets from Jakson
Virescent, a KKR-backed renewable energy platform in India, will acquire Jakson’s 100 MWp of operational solar assets in Uttar Pradesh and Rajasthan.
Battery cell manufacturing in India could attract over $9 billion in investment by 2030, says ICRA
A new report by ICRA says rising electric-vehicle penetration will drive significant investment in battery cell manufacturing in India. It expects EV battery demand in the nation to touch 15 GWh by 2025 and 60 GWh by 2030.
Renewables offer $350 billion investment opportunity by 2030, says Aspire Circle India
A new report by Aspire Circle India estimates the potential of renewable energy and the clean-tech sector according to parameters such as revenue and job creation by 2030, and highlights the top 10 areas for investment.
Arctech opens 3 GW solar tracker factory in India
China’s Arctech has opened a 3 GW solar tracker factory in India to deepen its market penetration in the nation. The factory will produce all major components of Arctech solar tracker products.
Reliance Industries presents scaled-up solar, battery ambitions
Reliance Industries says that production will begin at its 10 GW factory for solar cells and modules by 2024. It plans to double the facility’s capacity to 20 GW by 2026 and is aiming for 50 GWh of annual cell-to-pack battery capacity by 2027.
