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Asia

CESL, HPCL sign agreement on EV charging infrastructure

Convergence Energy Services limited, an arm of Energy Efficiency Services Limited (EESL), will set up electric vehicle charging points at Hindustan Petroleum Corporation Limited outlets in major cities including Mumbai, Delhi, Bengaluru, Hyderabad, Chennai, Kolkata, and Pune. The two partners are also identifying major highways across India where adequate charging infrastructure can be installed.

ACME Solar raises $334 million via offshore green bonds

The Indian developer has a cumulative 4.8 GWp solar portfolio, including 2.2 GWp operational and another 2.6 GWp under-construction projects. It will use the proceeds from the green bonds to finance twelve of its solar assets in India. 

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Sterling and Wilson Solar expands into hybrid energy plant, storage EPC 

The Indian multinational, which has 11.4 GWp of solar EPC portfolio and 8.1 GWp operations and maintenance, aims to use its project management skills and strong stakeholder relationships to become a global leader in the future energy market.

First Solar plans a 3.3 GW Indian module fab

The U.S.-based manufacturer is planning a vertically integrated thin-film solar module manufacturing facility in India. The factory will likely be built in Tamil Nadu and become operational in the second half of 2023.

ABC Renewable signs 380 MW solar-wind PPA with SECI 

With this power purchase agreement, ABC Renewable, a joint venture between Canadian asset manager Brookfield and clean energy firm Axis Energy Ventures India, has enhanced its RE portfolio to 1,080 MW comprising solar and solar-wind hybrid projects.

IFC makes $126 million equity investment in India’s Federal Bank

The equity investment is expected to see Federal Bank increase the financing for green projects including energy efficiency, renewable energy, climate-smart agriculture, green buildings, and waste management.

Premier Energies unveils new solar facility

The Indian manufacturer has opened a new facility in Telangana with an annual cell and module production capacity of 750 MW.

Financial feasibility of behind-the-meter solar-plus-storage in India

A new report says solar-plus-energy storage will become an attractive investment option for commercial consumers in India as early as 2023 for electricity bill reduction. For high-tariff paying residential consumers, the system will reach grid parity post-2027. The report findings are based on the levelized cost analysis of solar-plus-energy storage systems for consumers in the Indian State of Tamil Nadu.  

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Jakson unveils 21% efficient mono PERC solar modules

The Indian solar manufacturer has released the Helia series of high-efficiency mono PERC PV panels. Ranging from 450W to 600W outputs, the multi-busbar modules are designed for use in residential, commercial and utility-scale installations.

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Mahindra & Mahindra adopting a 58 MWp solar plant for self-consumption

The captive solar plant will quadruple Mahindra & Mahindra’s renewable energy share from 12% to 56% in Maharashtra. It shall be developed by ReNew Power arm on a build-own-operate basis. 

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