Mahindra & Mahindra has incorporated Emergent Solren as a wholly-owned subsidiary of its arm Mahindra Holdings.
The e-commerce giant will add TVS Motor’s electric two- and three-wheelers to its existing delivery fleet.
The State Bank of India (SBI) has signed the agreement with KfW Development Bank for availing a second low-interest loan of €150 million. It will use the amount to finance solar farms with outputs between 50 and 250 MW.
Currently, Serentica Renewables is developing 1.5 GW of solar and wind power projects for energy-intensive industries in India. Over the medium-term, it aims to install 5 GW of clean energy capacity, coupled with different storage technologies. The investment from KKR will support its industrial decarbonization projects.
A new report by Arthur D. Little presents an integrated blueprint for India to achieve its true potential in the power sector with a focus on renewables.
Ayana Renewable Power, Azure Power, EDF Renewables India, Sterlite Power, Torrent Power, and Vena Energy have committed investments in wind-solar hybrid projects in the state.
The renewables developer will build a 1.2 mtpa green hydrogen and green ammonia project with integrated RE generation capacity in the state.
The company already has a state-of-the-art lithium battery recycling plant in Roorkee, Uttarakhand, with a recovery efficiency of more than 98% across various battery materials. It said the new plant in Telangana will increase its Li-ion battery recycling capacity to 19,500 MT by the end of 2023 from the current 4,500 MT.
ABC Cleantech, a part of Axis Energy Group, will invest around $6 billion (INR 50,000 crore) to build a green hydrogen and ammonia plant, integrated with 5 GW of renewable energy capacity, in the Indian state of Karnataka.
Tdafoq Energy will use Delectrik Systems’ technology to manufacture vanadium redox flow batteries in Saudi Arabia. Construction has already started on a manufacturing facility in Saudi Arabia, which will be scaled to a GWh capacity by 2025.
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