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.
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.
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.
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.
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.
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.
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.
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.
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.
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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