Markets & Policy

Green Climate Fund (GCF) has approved a $24.5 million investment in Avaana Capital’s Climate and Sustainability Fund for technology-driven climate solutions.

Hartek Group has appointed Sanjay Kumar as the new chief executive officer (CEO) for the Power and Infra Renewable Business. Sanjeev Gupta, the previous CEO, has been elevated to Executive Director, Technical. He now joins the Board of Directors.

The state government stated that more than 100,000 people have been registered on the portal under the PM Suryaghar Yojana for residential rooftop solar systems in the state so far.

GP Eco Solutions intends to utilize INR 12.45 crore of the IPO proceeds to meet its working capital requirements and invest INR 7.6 crore in its subsidiary Invergy India to procure plant and machinery and set up a new facility.

While the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme is a vital first step, it can be finetuned to generate interest among start-ups and global players.

Under the Net Zero Buildings Initiative, Mahindra Group and Johnson Controls have launched a cost-free toolkit that will help building and facility owners to learn about the best practices of sustainable buildings, implement tools to assess building parameters, identify and implement conservation measures, and understand building regulations in India, available incentives, technology, financing models, and more.

Delta Electronics, which has been present in India for the last 20 years, recently launched its containerized data center solution in the country. With all subsystems such as UPS, power distribution, battery, cooling, and racks well integrated, this plug-and-play solution ensures rapid deployment for edge computing applications in the IoT world. On the occasion, pv magazine spoke to Rajesh Kaushal, vice president of Delta Electronics India, about their containerized data center solution, lithium-ion battery and solar inverter business, and future plans for India. 

Bloomberg NEF says U.S. clean energy generation grew by 0.9%, with wind and hydro generation falling and solar generation growing 15.4%.

Matrix Gas & Renewables stated the capital raise will accelerate its green hydrogen production projects and hydrogen electrolyzer manufacturing plant, in addition to advancing the company’s growth in the gas aggregation business.

Onix Renewable said it intends to use the proceeds from the issue to finance its renewable power projects and scale up solar module production capacity to 1.2 GW.