Ola Electric invests in Israeli EV battery specialist StoreDot
The Indian electric mobility player, which plans gigawatt-scale battery cell manufacturing, has embraced Israel-based StoreDot’s extreme-fast battery technology that charges from 0 to 100% in just five minutes.
Adani Green raises US$ 288 million for under-construction renewable energy projects
The developer shall use the senior debt facility to initially finance its 450MW hybrid portfolio of solar and wind renewable projects in the Indian state of Rajasthan.
India and Japan to cooperate on solar power, clean hydrogen and electric vehicles
Under their clean energy partnership, both countries also agreed to cooperate in the disposal, recycling, and reclamation of valuable materials from batteries, solar panels, turbine blades, and electronics.
Virescent Renewable Energy Trust completes the acquisition of 50MW operating solar asset from Godawari Green Energy
The 50MW concentrated solar power plant, located in the state of Rajasthan, was commissioned in June 2013 and benefits from a 25-year power purchase agreement with NTPC Vidyut Vyapar Nigam.
Investment cycle means race is on to incentivize green hydrogen
A report published by Irena hints the world’s politicians will have to get to work immediately to avoid another generation of fossil fuel-fired hydrogen, ammonia, and methanol plants being set up to run into the second half of the century.
India installed 1.2GW of open-access solar in 2021
With that, the nation surpassed a cumulative 5GW of “open-access” solar generation capacity by the end of December.
AP High Court order upholding the sanctity of solar PPAs a positive news but timely implementation remains critical, says ICRA
In the matter of power purchase agreement (PPA) tariff renegotiation, the high court of Andhra Pradesh has directed the state discoms to honor the PPA terms and clear the pending payments to solar and wind power developers within six weeks from the date of the order. The incremental impact on power purchase cost for the AP discoms is estimated at about INR 10,500 crore, due to the build-up of dues arising out of the difference between the PPA rate and interim rate over the last three-year period.
Tata Power DDL, Battery Smart partner to set up battery-swapping network for electric vehicles
The Delhi discom has partnered with battery-as-a-service provider Battery Smart to set up battery swap stations for electric two- and three-wheelers across North Delhi.
European investor ThomasLloyd gets government approval for SolarArise acquisition
Delhi-based SolarArise India Projects, an investee company of ThomasLloyd, owns seven solar power projects with a cumulative capacity of 434MW in India.
Solar plants under threat from hostilities in Ukraine
Trade body the Ukrainian Association of Renewable Energy says more than 70% of the nation’s solar fields are either in, or near regions which have been affected by the fighting.
