Asia

The Delhi-based distributed solar company secured the projects under Uttar Pradesh Power Transmission Corporation Limited’s Open Access solar scheme in the State.

The decentralized solar solutions provider shall use the amount to scale up its pay-per-use, solar-powered irrigation, milling, and cooling projects for farmers and to expand its operations. 

The company’s arm Tata Power Solar has landed the engineering, procurement, and construction work for a cumulative 100 MW of distributed solar capacity in Maharashtra. The awarded capacity includes multiple ground-mounted projects.  

Bids are invited to set up a cumulative 147 MW of grid-interactive decentralized solar capacity in Maharashtra. The solar power generating systems, in sizes ranging from 2 MW to 10 MW (AC), shall come up at lands within or around the various substations in the State.

Today, both Reliance and Fortescue are realizing the huge investment, employment, import replacement and export opportunities in zero emissions industries of the future, both for India and Australia. And they look to be leading the way, fully supported by global financial institutions increasingly seeking to deploy trillions of patient capital in low volatility, non-commodity price exposed zero-emissions energy sources of the future.

India headquartered multinational Reliance Industries, through its subsidiary Reliance New Energy Solar Limited, yesterday announced the acquisition of Norway headquartered module manufacturer REC Group. The move comes as Reliance pushes forward with its US$10 billion plan to move in on the renewable energy industry, having also this week announced acquisition of a 40% share in EPC provider Sterling & Wilson.

Magenta, in collaboration with State power discom BSES, will deploy innovative EV charging solutions in the discom’s service area in Delhi. It will undertake the installation, operations and maintenance of EV charging solutions under the ChargeGrid brand.

Jubilant Ingrevia, a Noida-headquartered integrated life science solutions provider, has signed the agreement to acquire a 26.6% equity stake in the 15.5 MW solar power plant for its captive consumption. The plant, located in Maharashtra, is being developed by Amp Energy through a step-down subsidiary. 

The acquisition gives Reliance New Energy Solar access to Sterling and Wilson Solar’s PV plant engineering and project management skills as it aspires to become a global leader in green energy based on the latest and most cost-competitive technologies and development capabilities. 

The ground-mounted, captive solar plant, commissioned by Vikram Solar, is expected to generate 1.4 million units of electricity per year.