Markets & Policy

A new report by ICRA says rising electric-vehicle penetration will drive significant investment in battery cell manufacturing in India. It expects EV battery demand in the nation to touch 15 GWh by 2025 and 60 GWh by 2030. 

A new report by Aspire Circle India estimates the potential of renewable energy and the clean-tech sector according to parameters such as revenue and job creation by 2030, and highlights the top 10 areas for investment.

China’s Arctech has opened a 3 GW solar tracker factory in India to deepen its market penetration in the nation. The factory will produce all major components of Arctech solar tracker products.

Reliance Industries says that production will begin at its 10 GW factory for solar cells and modules by 2024. It plans to double the facility’s capacity to 20 GW by 2026 and is aiming for 50 GWh of annual cell-to-pack battery capacity by 2027.

ABB has adopted Industry 5.0 production processes at its smart power solutions factory in Bengaluru. With “cobots” working alongside humans, the factory’s productivity has improved by 40%, while energy productivity has gone up by more than 15%.

Japanese carmaker Suzuki Motor is investing INR 7,300 crore (around $914 million) to set up the electric vehicle battery plant at Hansalpur in Gujarat. The plant will manufacture advanced-chemistry cell batteries.

The Indian renewable energy producer has acquired 55 MW of operating solar assets from module manufacturer Emmvee. The capacity includes 40 MW of utility-scale PV plants in Karnataka and 15 MW of commercial scale in Telangana. 

Ravi Verma, senior executive vice president at Avaada, told pv magazine that the Group would invest $5 billion into setting up an integrated green hydrogen and ammonia plant with 6 GW of captive renewable energy capacity in the state. The green ammonia facility will have a production capacity of 1 million tons per annum. 

A new report by IEEFA says India’s power market design must evolve to transition faster to an ultra-low-cost renewable energy-based electricity system. 

State-owned NHPC and Bharat Electronics Ltd will leverage their complementary strengths to set up a gigawatt-scale vertically integrated solar manufacturing unit.