Strategic Alliances

Amtronics pays initial license fee to use QMC’s quantum dot technology for thin-film solar cells

Amtronics CC has paid U.S. firm Quantum Materials Corp an initial $500,000 as part of an agreement securing the right to manufacture quantum dots and thin-film quantum dot solar cells based on QMC technology for commercial supply in India. Construction has already started on a manufacturing facility in Assam, which will produce solar cells via a continuous, rapid-feed, flexographic-based printing process.

Tata Chemicals signs MoU for ISRO’s lithium-ion cell technology

Under this MoU, Indian Space Research Organisation (ISRO) would transfer the technology to Tata Chemicals so that it may manufacture lithium-ion cells of varying capacity, size, energy density and power density—catering to a wide spectrum of power storage requirements.

ADB to invest $50 million in solar project developer Avaada

With the current equity investment, Avaada—which has secured power purchase agreements of about 1,700 MW—is well funded to exceed capacity of 2 GW.

SolarPower Europe and NSEFI sign MoU on solar cooperation

Brussels-based SolarPower Europe and the National Solar Energy Federation of India (NSEFI) have signed a Memorandum of Understanding (MoU) for cooperation on operation & maintenance (O&M), installation quality, digitalisation and storage.

Exide JV partner gets a big boost ahead of Li-ion battery operations in India

The revenues of Switzerland-based Leclanché have increased more than 2.5 times to exceed CHF 47 million in 2018 compared to CHF 18 million in 2017.

UK-India fund commits $200m to renewables developer Ayana

Fund backed by both governments commits $200 million to the developer, which was itself established by the U.K. government a year ago. Ayana – which boasts a 500 MW solar portfolio – recently enjoyed a $330 million cash boost from public-private joint venture EverSource Capital.

Greenko raises fresh $550 million from Singapore and Abu Dhabi investors

This is the third round of Greenko investment by Singapore’s sovereign wealth fund GIC Holdings and Abu Dhabi Investment Authority (ADIA), taking their total in the Indian renewable energy firm to $2 billion.

Singapore fund and British developer eye stake in UK government’s south Asian renewables company

U.K. developer Lightsource BP – in which oil and gas giant BP has a significant minority stake – and its Singapore fund partner EverSource Capital are reportedly ready to take up all the $100 million slice of Ayana Renewable Power which is being put up for sale.

India gets its first grid-scale battery energy storage system

The 10 MW grid-scale energy storage system at Tata Power Delhi Distribution’s Rohini Substation is also said to be South Asia’s largest.

Hybrid solar container system launched for off-grid markets

The PV system was launched recently by The Energy and Resources Institute (TERI), in partnership with STEAG Energy Services. It can provide 24-hour electricity even without grid connection, and is expected to generate around 10,000 kWh annually.

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