Virescent acquires 25 MW of operating solar assets from Samta Energy
The solar plant is purportedly located in Gujarat and benefits from supplying power to the state-owned power distribution utility.
Tata Power Renewable completes $525 million equity fundraising from BlackRock, Mubadala
The investment will fund Tata Power Renewable’s aggressive growth plans as it targets over 20 GW of renewables assets and a market-leading position in the rooftop and electric vehicle charging space across India over the next five years.
Germany trying to attract ‘solar workers’ from India
The German Solar Industry Association and the Indian Skill Council for Green Jobs signed an agreement in Delhi on the weekend, marking German Chancellor Olaf Scholz’s visit to India.
Essar to invest $3.6 billion in energy transition in the UK and India
Essar has formed Essar Energy Transition (EET) that will focus on investing in hydrogen, decarbonization, new energy infrastructure, and biofuels. EET plans to invest $3.6 billion in developing low-carbon energy transition projects in the UK and India over the next five years.
Karnataka, Gujarat lead the way in transition to clean electricity
A joint study by IEEFA and Ember analysed 16 Indian states on their preparedness to shift away from fossil-fuel-based power, ability to incentivize greener market participation, power system’s reliability, and policies pushing for power sector decarbonization. It shows Karnataka and Gujarat fare well in progress towards clean electricity transition.
ABB India opens new factory in Nashik
ABB India has doubled its gas-insulated switchgear (GIS) capacity with the launch of a new factory in Nashik, Maharashtra.
Bangladesh seeking partners to build solar power plants
The Bangladesh Power Development Board (BPDB) is seeking international partners to build three PV plants, with 77.6 MW of capacity in total, in different parts of the country.
India needs over $4 billion to create 50 GWh of lithium battery capacity under PLI Scheme: CEEW
A new study by CEEW deconstructs the lithium-ion battery cell manufacturing process, calculates the material and finance requirements, and offers a blueprint for the domestic strategy.
Acme Group and Japan’s IHI to jointly explore opportunities in green hydrogen
Indian developer Acme Group and Japan’s IHI have signed a pact to jointly explore opportunities across the green hydrogen and ammonia value chain, including production, handling, transportation, distribution, and power generation.
CEF Group to establish waste-to-biofuel plants in Uttar Pradesh
CEF Group has signed a memorandum of understanding (MoU) with the government of Uttar Pradesh to invest INR 650 crore in setting up waste processing plants in the state. The plants will scientifically process the waste to produce bio-CNG and organic manure from it.
