Ola, Hyundai, Reliance and Rajesh Exports emerge winners in 50GWh battery cell tender under PLI Scheme
Those put under the waiting list include Mahindra & Mahindra Limited, Exide Industries Limited, Larsen & Toubro Limited, Amara Raja Batteries Limited, and India Power Corporation Limited.
Vikram Solar files for IPO to raise funds for 2GW integrated fab
The Kolkata-headquartered solar manufacturer has filed draft papers with SEBI for its initial public offering (IPO), which comprises a fresh issue of up to INR 1,500 crore and an offer for sale (OFS) of up to five million equity shares by the existing shareholders.
Battery supply could remain tight into next year
Analyst Wood Mackenzie has predicted soaring demand for electric vehicle devices will ensure supply will not keep pace with demand until some point in 2023.
ArcelorMittal, Greenko partner on a renewables-plus-storage project
UK-headquartered ArcelorMittal will own and fund a hybrid wind-solar project with energy storage for round-the-clock RE supply to the Hazira plant of its joint venture ArcelorMittal Nippon Steel India. Greenko will design, construct and operate the project.
China and Hong Kong are India’s biggest lithium battery suppliers
The two nations together supply 96% of India’s lithium-ion cell and battery imports and almost 70% of non-rechargeable lithium products.
Invasion of Ukraine an inadvertent boost for green hydrogen
Rystad Energy has joined BloombergNEF with a significant forecast for gray and blue hydrogen off the back of Russia’s invasion of Ukraine. According to the analysts, the impact of the war has sent prices of fossil fuel-tied forms of hydrogen production surging, leaving the gradual but consistent downward price trend of green hydrogen now looking remarkably competitive.
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.
