Amplus acquires rooftop solar projects from Sterling and Wilson
The Gurugram-headquartered distributed solar energy company has acquired Sterling and Wilson’s 7.2 MWp of on-site rooftop solar projects across seven Indian states.
SwitchON, PNB sign MoU for solar pump financing
Under the partnership, the West Bengal-based not-for-profit organization shall set up a guarantee fund to facilitate the financing of solar pumps for unbankable small and marginal farmers without having to offer any collateral.
Larsen & Toubro secures 1.5 GW solar EPC order in Saudi Arabia
The 1.5 GW Sudair Project is Saudi Arabia’s largest solar plant with power purchase agreement signed. It is also one of the world’s largest PV plants.
The long read: The feasibility of India’s solar auctions
The offtaker’s creditworthiness, the ease of land acquisition, infrastructure readiness, policy consistency and clarity, and access to low-cost funds are among the key determinants for the success of large-scale PV auctions in India, writes Uma Gupta in New Delhi.
Ashok Leyland’s Switch Mobility signs up Siemens for electric mobility solutions
Siemens will provide smart charging infrastructure solutions for Switch Mobility’s commercial electric vehicle customers in India. It will also collaborate on implementing innovative business models such as eMobility-as-a-Service, Vehicle-to-Grid, and on-site/off-site renewable energy sources by leveraging batteries from commercial vehicles.
Saudi Arabia’s second PV tender draws world record low bid of $.0104/kWh
The record low price was offered for the 600 MW Al Shuaiba PV IP project, which competed in the second round of the country’s procurement scheme for renewable energies.
Cabinet extends manufacturing incentive program to solar modules
The national production-linked incentive scheme introduced to encourage domestic manufacturing will now encompass solar. The PV policy will offer increased rewards for the production of more efficient panels and for Indian content.
Waaree Energy Storage System secures seed funding of US$2 million
The energy storage manufacturer will use the funds to expand its manufacturing capabilities, and aid product development with emphasis on smart Internet of Things (IOT) based batteries and telematics.
Unsigned PPAs halting India’s renewable energy growth
Nearly 19 GW of renewable energy capacity tendered by the Solar Energy Corporation of India (SECI) is on hold due to electric distribution companies’ unwillingness to sign the power purchase agreements. Manufacturing-linked solar projects alone account for a 63% share of the capacity in limbo.
Reliance Industries and US-based Chart Industries to lead India hydrogen alliance
Global and Indian industry players have created an India hydrogen alliance committed to building a hydrogen economy and supply chain in India. NYSE-listed hydrogen solutions provider Chart Industries and India’s Reliance Industries will act as co-leads of the coalition that aims to help develop hydrogen production and storage, industrial and transport use-cases.
