AIIB invests $58.4 million in India’s largest renewable energy infrastructure investment trust
The Asian Infrastructure Investment Bank (AIIB) has invested around $58.4 million in a renewable energy Infrastructure Investment Trust (InvIT) co-sponsored by Mahindra Susten and Ontario Teachers’ Pension Plan. The InvIT holds around 1.54 GWp of operational solar power assets seeded by Mahindra Susten.
ICRA maintains Stable outlook for renewable energy sector
Ratings agency ICRA has maintained a stable outlook for the renewable energy sector in India on the back of strong policy support, healthy demand prospects, superior tariff competitiveness among other positive factors.
Cleantech Solar appoints Ritesh Singhi as country manager-India
Ritesh Singhi joins Cleantech Solar from Ampin Energy Transition, where he served as chief operating officer for the commercial and industrial segment.
ACME and Japan’s IHI sign pact to supply green ammonia from India to Japan
ACME Group has signed an offtake agreement with Japan’s IHI Corp. for its green ammonia project in Odisha. The pact covers the supply of 0.4 mmtpa (million metric tons per annum) of green ammonia from Phase-1 of Acme’s Gopalpur project on a long-term basis.
Govt tenders 10 GWh of battery cell manufacturing under PLI Scheme
India’s Ministry of Heavy Industries has invited global bids to set up a cumulative 10 GWh of giga-scale advanced chemistry cell (ACC) manufacturing facilities under production-linked incentives scheme. Bidding closes on April 22 and bids will be opened on April 23, 2024.
GUVNL allocates 200 MW of wind-solar projects at $0.036/kWh
Juniper Green Energy and KPI Green have emerged winners in Gujarat Urja Vikas Nigam Ltd’s tender for 500 MW of grid-connected wind-solar hybrid projects. They secured 150 MW and 50 MW capacities, respectively.
AM Green ties up with Envision Energy for wind turbines, green hydrogen
Greenko founders-owned AM Green will partner with Chinese multinational Envision Energy to manufacture wind turbines in India for green energy projects of AM Green and its customers. The two companies will also collaborate on net-zero industrial parks and green hydrogen projects in India and globally.
SAEL secures $1 billion for solar, biomass projects
Solar and waste-to-energy producer SAEL has secured $1 billion from financial institutions including Norfund, DFC, Asian Development Bank (ADB), and Tata Cleantech.
China’s Huasun opens 3.6 GW heterojunction panel plant
Huasun, a Chinese heterojunction module specialist, says it has invested CNY 5.4 billion ($761.2 million) in its new new 3.6 GW solar factory.
Govt considering subsidy hike for residential rooftop solar systems with capacities up to 3 kW
Under the Pradhan Mantri Suryodaya Yojana for residential rooftop solar, the Indian government is considering an increase in the subsidy for grid-connected residential rooftop solar systems with capacities between 1-3 kW. This category of systems were offered a 40% subsidy in the previously launched scheme.
