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.
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.
Tata AutoComp partners China’s Guoxuan to make Lithium battery packs for EVs
The joint venture has started a prototype manufacturing operation in Pune, India, to design, engineer, manufacture and supply Lithium-ion battery packs for 4-wheeler electric vehicles in India.
Suzlon sells two more solar subsidiaries to Ostro Energy
Suzlon Energy is selling Shreyas Solarfarms and Aalok Solarfarms to Ostro Energy—a wholly owned subsidiary of independent power producer ReNew Power—for Rs 19.87 crore and Rs 9.93 crore, respectively.
CNG provider IGL and Tata Power team up for solar projects and EV charging
Tata Power will set up rooftop solar projects for Indraprastha Gas Limited (IGL) establishments. The two companies will also explore the feasibility of large-scale ‘group captive’ solar power projects for IGL’s own consumption, and commercial-scale charging and/or battery swapping stations for electric vehicles.
India gets access to Bolivia’s lithium for EV batteries
Bolivia will provide India with access to its lithium carbonate, and also facilitate joint ventures for lithium battery/cell production plants in India. The partnership will provide a major fillip to India’s ambitious e-mobility plans.
