Asia

A new report by IEEFA says India’s power market design must evolve to transition faster to an ultra-low-cost renewable energy-based electricity system. 

State-owned NHPC and Bharat Electronics Ltd will leverage their complementary strengths to set up a gigawatt-scale vertically integrated solar manufacturing unit.

The India arm of energy giant Shell and USA-based electrolyzer specialist Ohmium have signed an agreement to cooperate on green hydrogen applications, markets, and project opportunities. 

The Norwegian Climate Investment Fund, managed by Norfund, and KLP, Norway’s largest pension company, have signed a deal to raise a 49% stake in a 420 MW solar power plant in India developed by Italy’s Enel Green Power. 

INOXCVA, a Vadodara-headquartered cryogenic solutions manufacturer, has designed, engineered, and manufactured the largest liquid hydrogen tank ever made in India. The tank will be deployed in South Korea’s first hydrogen liquefaction plant, with 5 tons of daily capacity, in order to supply hydrogen charging stations for buses, trucks, and trams.

Hitachi Energy’s new production facility in India will manufacture solutions that support stable electrical networks and reduce energy consumption.

A new India Energy Storage Alliance (IESA) report projects electric vehicle sales to grow by as much as 49% per year to 17 million units by 2030, with electric two-wheelers accounting for almost 88% of total demand.

Waaree, a Mumbai-headquartered solar manufacturer, has obtained government approval for 4.75 GW of annual PV module capacity. It is also the only manufacturer to secure approval for 650 Wp modules in government-backed projects.

Indian researchers have developed a new hybrid system featuring a conventional rooftop PV system, a solar tree, two gravity power modules for building (GPMBs), and a vanadium redox flow battery (VRFB), with power exclusively provided by the two solar installations.

Bhutan aims to facilitate the construction of its first PV project through a new tender.