No funding for new coal in 2021
The renewable energy sector (solar and wind) recorded project finance deals worth INR 33,893 crore ($4,598 million) in 2021. No new project finance for coal was reported.
Panasonic unveils vehicle-to-home system for PV-powered homes
Panasonic claims that its new vehicle-to-home system can increase the self-consumption rate of residential solar and storage capacity to 90%.
Jindal Stainless signs 300 MW wind-solar PPA with ReNew Power
The stainless-steel manufacturer has selected ReNew Power to develop a utility-scale wind-solar project for its self-consumption.
Greenzo announces 250 MW electrolyzer fab in Gujarat
The Delhi-based renewable project consultant will invest $50 million in the Gujarat facility to manufacture anion exchange membrane (AEM) electrolyzers for green hydrogen generation. The project has received $1 million from Real Time Accelerator Fund as an angel investor in Greenzo.
REC arm tenders 1.25 GW of ISTS solar projects
REC Power Development and Consultancy Ltd has invited global bids to develop 1.25 GW of solar projects on a build-own-operate basis in India. Bidding closes on December 26.
Hevel Solar unveils 450 W heterojunction solar panel with M6 cells
Russia’s Hevel Solar said its new modules are based on 166 mm x 166 mm half-cut cells. They reportedly have a bifaciality factor of 90% and a temperature coefficient of -0.26% per degree Celsius.
Perovskites and microgrooves can revolutionize solar
Ambitious targets for solar energy generation present challenges to an industry keen to explore new avenues for solar production. Neil Spann, chief executive of UK thin film solar manufacturer Power Roll, describes a commercial solution to the problems of over reliance on silicon solar modules.
Amara Raja to set up 16 GWh lithium battery cell fab in Telangana
The automotive battery major will invest INR 9,500 crore over the next ten years to set up a 16 GWh lithium cell factory, 5 GWh battery pack assembly unit, and research and innovation center in Telangana.
Amazon announces wind-solar hybrid projects in India
The two hybrid wind-solar projects, located in Madhya Pradesh and Karnataka, represent 300 MW of renewable energy capacity combined.
Brookfield and Amazon Web Service sign renewable energy, Cloud deal
The global renewables investor has selected Amazon Web Service as a preferred cloud provider to gain business insights, improve workplace safety, and automate hydroelectric, wind, and solar operations. In return, it has agreed to provide clean power for Amazon’s operations in Europe, North America, and India.
