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Canadian pension fund invests in Mahindra’s renewables arm 

Mahindra Group has agreed to sell a 30% equity stake in Mahindra Susten to the Ontario Teachers’ Pension Plan for around $300 million. The two parties have also agreed to set up an infrastructure investment trust so Mahindra Susten can strengthen its solar, hybrid energy, and integrated storage businesses, as well as its round-the-clock green energy plants.

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The long read: What does India’s National Wind-Solar Hybrid Policy mean?

In May 2018, India’s Ministry of New and Renewable Energy adopted the National Wind-Solar Hybrid Policy. Though paltry when it comes to offering incentives or preferential treatment to solar-wind-hybrid (SWH) projects, the policy aims to enable more SWH projects to efficiently utilize transmission infrastructure and land, as well as reducing variability in renewable generation and thus improving grid stability.

Servotech launches lithium battery manufacturing arm

The New Delhi-based solar and EV charger manufacturer has formed a new arm, Techbec Industries, to manufacture lithium batteries for electric vehicles (EVs) and solar energy storage applications. 

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Streamlining EPC functioning with SaaS 

With software-as-a-service (SaaS) solutions, EPC users can manage different silos as per the solar project requirements. The software ensures that the silos are integrated and accessible during all phases of the EPC to maintain transparency. 

UPL partners CleanMax on 61.05 MW wind-solar project for self-consumption

UPL, a Mumbai-based sustainable agricultural solutions provider, will commission a 61.05 MW captive wind-solar project in a joint venture with developer CleanMax. The project will be located in Gujarat.

Shell to install over 10,000 charging points across India by 2030

The energy major launched the first of these electric vehicle (EV) chargers for the four-wheeler and two-wheeler segments in Bengaluru today. 

Mindtree solution to manage Larsen & Toubro’s green hydrogen plant 

Mindtree’s digital solution enables remote monitoring and control of all services at Larsen & Toubro’s green hydrogen plant in Gujarat. It drives the effective utilization of resources such as solar and battery energy storage systems.

SJVN awards 100 MW solar project to Tata Power

State-owned hydropower producer SJVN has awarded a 100 MW solar engineering, procurement, and construction project to Tata Power Solar. The INR 612 crore ($76.7 million) PV project will be built at the Raghanesda solar park in the Indian state of Gujarat.

Husk Power Systems secures $6 million from EU-funded EDFI ElectriFI

Bihar-based Husk Power Systems will use $6 million of newly acquired funds to build solar hybrid microgrids in 80 communities in rural India. The renewables services provider already owns and operates more than 120 microgrids in India.

Tata Power to develop 4 MWp solar project for Tata Motors

Tata Motors has collaborated with Tata Power to develop 4 MWp solar capacity at its vehicle manufacturing plant in Pune. The factory already hosts a cumulative 15 MWp of PV capacity across its passenger and commercial manufacturing facilities. 

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