Asia

Solar Ladder co-founder Abhishek Pillai told pv magazine they would use the funding to market and increase the sales of their software-as-a-service (SaaS) product to PV installers pan India. The company also plans to expand its customer support team.

The green bond issuance was over-subscribed around 3.5 times from 161 investors.

Global Energy Alliance for People and Planet (GEAPP) and Mahatma Phule Renewable Energy and Infrastructure Technology Ltd (MAHAPREIT) have signed a Memorandum of Intent (MoI) to implement 1 GW of solar projects across Maharashtra.

Solar Energy Corp. of India, NTPC, and NHPC would examine developers’ requests for an extension to their solar and wind-solar projects on a case-by-case basis. The extension would be granted only if the developer has taken all possible measures to implement the project (such as land acquisition and order for module/balance-of-system supply) but couldn’t complete it for reasons beyond his control.

Gayatri Dadheech, chief technology officer at Exide Industries Ltd, told pv magazine their first-phase 6 GWh lithium-ion cell manufacturing capacity in India would become operational by December next year and will produce lithium ferro phosphate (LFP) and nickel-manganese-cobalt (NMC) cells. The following 6 GWh, targeted by 2027, could be based on advanced lithium-ion, solid-state, or other battery technology.

Adani Green Energy has reported a profit after tax of INR 973 crore in FY 2022-23, almost 100% up from INR 489 crore in FY 2021-22.

Kunwer Sachdev, the founder of Su-kam brand inverters in India, has converted his farmhouse in Gurugram into an R&D and manufacturing facility for new-age solar and lithium battery storage products under his new venture Su-vastika Systems. He speaks to pv magazine about their offerings including mobile energy storage, lithium battery tester, solar inverters, and more.  

India’s largest natural gas company plans to partner with an undisclosed company to undertake vertically integrated solar manufacturing. 

Gaurav Gaba has joined Longi Hydrogen as sales director. Shashank Adlakha is starting a new position as a chief operating officer at Hygenco -The Hydrogen Company.

Indian scientists have created a hybrid power exploitability index to identify optimal locations for constructing new solar and wind hybrid power plants. They have evaluated retrofitting existing standalone plants and have discovered that all but one of the eight plants could be hybridized, with up to a 400% annual increase in power output.