Strategic Alliances

The deals will pave the way for four new solar parks that are set to be commissioned towards the end of next year.

The European Union and India’s Ministry of New and Renewable Energy have jointly launched standard operation procedures and monitoring tool for Indian solar parks. While the procedures will help to ensure consistency of standards across solar parks, the online monitoring tool will allow better tracking of the solar parks development and operation.

The US-based impact investor will invest in specialized financial institutions in India that can develop and scale commercial rooftop solar finance solutions, serving an estimated US$ 9 billion market opportunity.

Mining company Neometals and Manikaran Power have started a jointly funded study into the feasibility of establishing India’s first lithium refinery, which would process ore from the Mount Marion mine in Western Australia.

In news that will add urgency to Indian government efforts to establish a domestic storage industry, funding has apparently been secured for 16 GWh-plus production lines in Sweden and Germany. Is India at risk of being left in the starting blocks?

Pitched as a solution between dual-axis and single-axis trackers, the 2-axis solar tracker offers a yield increase comparable with dual-axis trackers at a significantly lower cost.

The Mahindra Group cleantech firm will continue to have majority 51% stake in its subsidiary Marvel Solren, with Mitsui owning the balance. Currently, Marvel operates four distributed solar projects in India with a combined capacity of 16 MW, which the two partners aim to expand to 150 MW by 2023.

The preliminary proposals must reach the ministry by June 30. These will be examined by a committee and the shortlisted parties will be invited to submit final proposal.

The acquisition would be made through Khanij Bidesh India Ltd (KABIL)—a joint venture of three public-sector mining units—which recently visited the Lithium Triangle countries in South America (Chile, Argentina and Bolivia) to explore the possibility of lithium acquisition.

The I-SMART program aims to aggregate demand for 1 GW rooftop solar systems across four states and two union territories. It simplifies rooftop solar installation by providing a range of services both to the partner installers and prospective customers on a single-window web portal.