Strategic Alliances

Oriano completes 13.75 MW projects for Cleantech Solar across multiple states

Currently, the Mumbai-based solar EPC firm is executing 134.5 MWp project capacity to be commissioned by September 2019. It expects to surpass cumulative installation of 350 MWp by the end of FY 2019-20.

Enertrag, Enel and Leclanché commission German storage project

With Leclanché due to open a module and battery pack assembly line in Gujarat alongside JV partner Exide Industries by the end of next month, the Swiss storage solutions company has been active nearer its home market.

Tata Power and natural gas supplier MGL partner on e-mobility

This is Tata Power’s fourth major partnership with an energy retailer to expand its presence in the e-mobility business. As part of the MoU, the private-sector electricity generator with work with Mahanagar Gas Limited (MGL) to set up solar rooftop projects and commercial-scale electric vehicle (EV) charging and battery swapping stations.

India-Canada renewables fund aims for $600m cash pot

A unit of Piramal Group will be investment and project manager for the fund, prompting speculation cash will be spent on assets developed by Mytrah Energy.

Panasonic transfers solar manufacturing unit to GS-Solar and creates new research JV

The Japanese multinational will transfer its Panasonic Energy Malaysia unit to Chinese heterojunction module provider GS-Solar as part of a broader cooperation agreement. Panasonic’s solar R&D business will form part of a JV in Japan to be 90% owned by GS-Solar.

Exicom and BHEL sign MoU on EV charging infrastructure

Under the partnership, projects will be sought on nomination as well as through competitive bidding. Exicom shall also help state-owned Bharat Heavy Electricals Limited (BHEL) to set up electric vehicle (EV) charger manufacturing facility for e-mobility business.

Bharat Heavy Electricals to work with ARAI on e-mobility projects

Government-owned Bharat Heavy Electricals and the Automotive Research Association of India will combine their respective strengths in technology development and testing and certification to work on electric and trolley buses, EV chargers and battery and charger testing.

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CleanMax Solar raises Rs 275 crore from Macquarie-managed UK Climate Investments

The Mumbai-based commercial solar player—which aims to more than double its customer base from 120 corporates to 300 by 2022—will use the amount to support its expansion of renewable energy portfolio from 500 MW to 2 GW in the next three years.

Exide acquires 26-30% equity in 3 captive projects by Cleantech Solar

Lead-acid battery manufacturer Exide Industries has entered into 26-30% equity shareholding agreement with Singapore-based Cleantech Solar Energy for three captive solar power plants to be set up for its manufacturing units in Tamil Nadu, Haryana and Maharashtra.

EFL raises $10 million to expand green lending portfolio

Pune-based Electronica Finance Limited (EFL) has raised $10 million from a climate fund managed by Swiss impact investor responsAbility to diversify its SME lending offering and to expand into financing solar PV for the commercial and industrial markets.

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