AEPPL to invest Rs37.15 billion in second phase of lithium battery plant
The joint venture between Japanese majors Toshiba, Denso and Suzuki will make the investment in the Gujarat plant over the 2021-25 period, having pumped Rs12.5 billion into the first phase of development.
Renewable energy MoU with Saudi Arabia gets cabinet nod
Project development and value chain localization are the focus areas for cooperation between the two countries.
UK University to help design EV batteries for Indian climate
The university researchers will provide expertise in the operation and management of lithium-ion batteries, environmental test facilities for battery modules and advanced battery analysis techniques.
Azure Power raises $75 million from Canadian investor CDPQ
The investment raises CDPQ’s equity interest in Azure Power to 49.4% from 41.4%. The proceeds will be used by the developer to fund its current projects.
“Our LFP battery technology is ideal for the Indian market”: SimpliPhi Power CEO
California-based SimpliPhi Power, which designs and manufactures lithium ferro phosphate (LFP) energy storage systems, has brought off-grid power to everything from the giant moon on Conan O’Brien’s talk show set to U.S. troops in Afghanistan and Iraq, to rooftops for Whole Foods and Airbnb. As the company prepares to enter into India, CEO and President Catherine Von Burg tells pv magazine why their LFP technology is best suited for India and their plans for the country.
Azure Power secures up to 4 GW of solar project capacity under manufacturing-linked tender
The NYSE-listed developer will set up a 500 MW cell and module production line as its manufacturing commitment under the SECI tender. The tender aimed to secure 2 GW of new annual manufacturing capacity by offering 7 GW of power project permits. Azure has an agreement with an Indian solar panel manufacturer to jointly establish the new production facilities with the developer holding a majority stake in the enterprise.
ReNew Power forms JV with Korean major GS E&C for 300 MW solar project in Rajasthan
The Indian developer will hold majority 51% equity in the joint venture, while the balance will be held by GS E&C. The project is part of the capacity auctioned by Solar Energy Corporation of India (SECI) under its tranche-IV earlier this year.
COP25: India calls for speedier expansion of International Solar Alliance
Launched in November 2015, the alliance aims to collectively address key challenges to the scaling up of solar energy in member countries that fall between Tropic of Cancer and Tropic of Capricorn. Out of 121 prospective member countries, over 83 have already joined it in a period of just four years.
LONGi Solar inks 1.2 GW bifacial module deal with Adani
The Chinese module maker will supply Adani Green Energy with 1.2 GW of Hi MO4 bifacial modules that offer cell efficiency reaching 22.5% and module power peaking at 430W (72 cells).
India and German development lender to launch rooftop solar scheme
Program aims to drive down the cost of solar electricity to a maximum of Rs2.50/kWh in a nation where tariffs vary wildly from state to state.
