Markets & Policy

The Indian multinational business conglomerate has signed the agreement to buy Netherlands-headquartered lithium iron phosphate (LFP) battery specialist Lithium Werks for US$ 61 million, including funding for future growth.

The Chinese solar inverter manufacturer, which established its factory in India in 2018, has expanded the India fab capacity to 10GW/annum to serve different customer segments, including residential, commercial & industrial, and utility-scale—both locally and globally. 

The European Commission yesterday announced its intent to remove demand for two-thirds of its Russian gas supply in less than nine months and hugely accelerating the rate of solar deployment is a central part of its radically raised clean energy ambition.

The nation’s cumulative rooftop solar installations surpassed 7GW on December 31, 2021. Gujarat leads with the most installed rooftop solar capacity to date among all States and union territories.

New Delhi-headquartered Amp Energy India has appointed Kapil Kasotia as chief operating officer (COO)-wind, hybrid and storage. 

The London-based analyst has published a series of clean tech predictions for the year which also highlighted the rising proportion of sub-5MW solar projects in the global market, and cheaper clean energy financing costs even as panel prices continue to rise.

Rajendra Kumar Parakh, who led Vikram Solar as the chief financial officer, has been appointed as the chief operating officer for the company’s engineering, procurement and construction (EPC) division. 

A previous announcement by Acme indicated the port site would be able to produce around 876,000 tons of the green fuel per year but the Indian developer today said that figure would be 1.2 million tons. The 100,000-ton-per-year first phase of the facility may be operational this year.

India imported solar cells worth more than $633 million from April to the end of last year, a figure higher than the value imported during the whole of the 2020-21 fiscal year.

With 90% of world economies committed to net zero targets, the disruptive nature of the energy transition is becoming clear. Climate targets require us to triple renewable energy capacity by 2030, phase out coal by 2040, end fossil fuel subsidies, and ensure support for a just transition. While hydrogen is sure to be a key technology in this energy transition, the exact role it will play is not yet clear, reports Felicia Jackson.