Decoding the Adani-Total solar deal
While the stake sale in solar portfolio will allow Adani to carry out its contracted pipeline efficiently, it could also mean commercial & industrial (C&I) rooftop as a growth opportunity for both the companies—according to Wood Mackenzie analysts.
Total to buy 50% stake in Adani Group’s 2.1 GW solar portfolio
The French oil and gas giant—which is already a partner in Adani’s natural gas business—will now invest US$ 510 million to buy 50% stake in 2,148 MWac operating solar power projects owned by Adani Green Energy Limited.
IndianOil buys stake in Israel’s Phinergy for manufacturing of aluminium-air batteries
The joint venture will set up a factory in India to manufacture Al-Air batteries for electric vehicles and stationary applications and facilitate development of eco-system for Al-Air technology.
EESL, BHEL partner on EV charging infrastructure for highways
BHEL’s scope of work includes complete engineering, procurement and construction (EPC) solutions from concept to commissioning of EV charging stations. EESL, on the other hand, will make the entire upfront investment on services, along with the operation and maintenance of the infrastructure.
Togo selects NTPC as PMC for 300 MW solar project
With this, the West African nation becomes the first International Solar Alliance (ISA) member to avail services of NTPC. Presently, there are six programmes of the ISA to develop solar capacities in member countries, which include agricultural pumps, mini grids, rooftop solar, large-scale grid connected projects, etc.
European investor EQT and Singapore’s Temasek launch renewable energy JV in India
Led by Indian developer Renew Power’s former CEO Parag Sharma, the joint venture by these global investors aims to install over 4 GW of utility-scale capacity across solar and wind projects.
Loom Solar wins the ‘Fastest Growing SMB of the Year’ award at Amazon SMBhav 2020
The monocrystalline solar panel manufacturer aims to reach 100 million customers and achieve Rs 100 crore revenue by FY 2020-21.
Pinnacle and China’s Phylion launch lithium-ion battery assembly unit in Maharashtra
Madhya Pradesh based Pinnacle Industries–a commercial vehicle components manufacturer–plans to roll out electric vehicle battery packs with Phylion cells and semi-knocked-down kits.
Loom Solar launches IoT based AC modules
The emerging startup has become the second Indian module manufacturer to launch AC panels integrated with Enphase microinverters, after Waaree announced its partnership with Enphase in 2007.
Proposals invited for joint Indo-Hungary research in renewable energy
Multidisciplinary research teams and linkages to industrial partners are highly encouraged. Project duration is 36 months. The deadline for submitting the applications is March 11, 2020.
