FAME II subsidy scheme extended by two years
The second phase of the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) subsidy scheme to promote electric mobility in India will now run until March 31, 2024.
MUFG closes US$ 163 million finance for Azure Power’s 300 MW solar project
The latest transaction follows MUFG’s commitment to the debt funding facility for Adani Green’s under-construction hybrid portfolio of solar and wind projects in Rajasthan.
Solar photovoltaic quality control and waste management in India
As PV waste is set to rise rapidly in the coming decades, India needs to invest in efficient recycling technologies and devise a clear-cut policy for the safe disposal of PV waste. Guidelines for stringent quality checks and validation for both imported and locally produced solar panels are also needed to avoid early-loss solar waste.
ION Energy raises $3.6 million in latest funding round
The battery management solution provider will use the funds to grow its team, invest in product development, and expand the software business in North America and Europe.
Tata Power to exit coal by 2050
The energy company says it will use hybrid-technology projects, round-the-clock renewables, battery storage, floating solar and green hydrogen as it attempts to wind down the 69% of its energy generation fleet based on thermal power.
A solar pavilion for India’s rooftops
India’s energy transition will not succeed without rooftop PV and roll-out is hindered not only by a lack of household finance, but by the fact many of the nation’s flat roofs are enjoyed by residents. Germany’s international development agency has proposed a solution.
Another bidding extension for 75 MW solar in Uttar Pradesh
Developers now have until July 14 to bid for setting up the capacity in the Uttar Pradesh Solar Park. Technical bid shall be opened on July 15.
Fourth Partner Energy raises US$125 million in equity funding from Norwegian and US investors
The Hyderabad-based corporate solar solutions provider would use the funds towards business expansion across Indian and International markets as it targets 3 GW of installed solar capacity by 2025.
Sterling and Wilson Solar’s order book grew 72% in FY2021
However, one-off exceptional events in the fourth quarter hit the solar EPC player’s overall fiscal performance. These included a prime subcontractor going bankrupt in Australia, rising module prices, and increased freight costs.
LNJ Bhilwara, Replus to set up a 1 GWh lithium-ion battery plant
LNJ Bhilwara, a diversified business group with presence in graphite electrode manufacturing, has formed a joint venture with Pune-based Replus Engitech to create lithium battery solutions for both e-mobility and stationary applications. The JV aims to have 1 GWh capacity operational in Pune by mid-2022 and eventually scale it to 5 GWh by 2024.
