Avaada Energy raises US$192 million through green bonds
Avaada Energy is issuing green bonds for INR 1440 crore (US$192 million) at 6.75%, making it India’s largest AAA-rated green bond by any renewable energy developer.
India installed 10 GW of solar in 2021
India recorded the highest ever annual solar installation in 2021 despite a rise in component costs.
The long read: Standards to unlock V2G
Mass adoption of electric vehicles presents opportunities for significant battery deployment to support our grid and power our homes. Developing and adopting standards for vehicle-to-grid bidirectional technology is needed to accelerate the path to these opportunities, reports pv magazine USA’s Tim Sylvia.
ReNew Power announces third-quarter and nine-month results for FY2021-22
The developer reported a widening of net loss for nine months ending December with the increase in expenses.
Polysilicon price fluctuations expected to continue until late 2023
Two industry experts have provided analyses of the current polysilicon price scenario in a chat with pv magazine and both agreed that polysilicon demand is still growing faster than supply. The price may decrease starting from the second quarter and reach more reasonable levels by the end of the year.
Building a sustainable, vertically integrated solar manufacturing ecosystem in India
A new report by JMK Research and IEEFA says Indian solar manufacturers need to create a strong foundation for sustainable development overall by integrating raw materials and impetus to R&D in their plans, rather than focusing solely on output.
Adani Group to explore hydrogen fuel cell manufacture in India
Adani and Canadian PEM fuel cell producer Ballard Power Systems will examine various co-operation opportunities including fuel cell production.
Hero MotoCorp, BPCL partner for large-scale EV charging infrastructure
Hero MotoCorp has partnered with Bharat Petroleum Corporation Limited (BPCL) to develop the charging infrastructure for two-wheeled electric vehicles (EVs) at BPCL’s existing nationwide energy station network.
Ohmium to sponsor CSIR-CECRI research on advanced materials for electrolyzers
Ohmium has collaborated with India’s CSIR-Central Electrochemical Research Institute as it aims to make green hydrogen not only cost-effective but also scalable to meet the world’s demand. The sponsorship enables it to leverage CSIR-Central Electrochemical Research Institute’s deep expertise and resources for further development of electrolyzer technology.
Azure Power refinances its 600MW Rajasthan solar project at the lowest rate of interest in its portfolio to date
The Indian developer has refinanced its existing term loan of INR 23.50 billion (US$ 313 million) for the 600MW solar project at an interest rate of 7.2% per annum, fixed for 42 months.
