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Strategic Alliances

Cabinet approves India, France MoU on renewable energy

The Memorandum of Understanding entails joint research and development projects in solar, wind, hydrogen and biomass energy.

Sterling and Wilson partners Enel X to enter EV charging infrastructure 

Under the joint venture, Sterling and Wilson will provide end-to-end services for electric vehicle charging stations across India. 

ReNew Power to merge with US firm for NASDAQ listing

Proceeds from the transaction with RMG Acquisition will be used to support ReNew’s growth strategy, including the buildout of its contracted, utility-scale renewable power generation capacity and to reduce debt.

TERI, POSOCO partner on grid balancing research 

The partnership will lead to enhanced power system modeling backed with rich data-sets to identify interventions for addressing power sector problems like grid instability.

India-US climate ties must prioritize green transition finance 

A new report says the United States and India have an opportunity to partner to catalyze foreign institutional investment in India’s green transition. It lays out what such a partnership should look like and how it would benefit both countries and the world.

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IESA partners Norway’s Greenstat to support India’s hydrogen mission

India Energy Storage Alliance (IESA) and Greenstat Hydrogen India will collaborate on establishing a Norwegian Centre of Excellence on Hydrogen in India and supporting the development of green hydrogen technologies.

The long read: Smarter robots to step up to service

On Dec. 1, Tel-Aviv based robotic cleaning provider Ecoppia launched an initial public offering on the Tel Aviv Stock Exchange. In doing so, the seven-year-old solar startup raised $83.8 million from public and institutional investors – although heavily slated toward the latter. Jean Scemama, who joined Ecoppia as CEO in April 2020, says the IPO will allow it to double down on R&D efforts and expand into the provision of services.

Battery startup Gegadyne Energy raises INR 33.4 crore from V-Guard

The Mumbai-based battery startup develops advanced nano-material composites to enable quick-charging batteries for electric vehicle (EV), industrial storage, and consumer electronics space.

Total to acquire 20% stake in Adani Green Energy

The French oil and gas giant already owns half the stake in the Indian developer’s 2.3 GW operational solar assets in India through a joint venture.

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Tata Power partners SIDBI to launch low-cost finance for MSME rooftop solar

The financing scheme, available only to Tata Power customers, provides collateral-free loans at an interest rate less than 10% for both off-grid and on-grid rooftop solar connections.

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