Asia

NTPC Renewable Energy Ltd is accepting global bids to supply around 1.5 GW of solar modules for its PV projects in Gujarat, Madhya Pradesh, and Rajasthan. Bidding closes on July 6.

The joint venture will build, own and operate a 250 MW/500 MWh battery energy storage system in Assam, enabling the effective integration of large-scale solar power capacity coming up in the state.

The solar and wind project developer said the fund raised from Brookfield Renewable will support its growth plans of becoming a 5 GW+ platform over the next three to four years.

While more financiers are committing to limiting capital for fossil fuel, their oil and gas sector borrowers in the Asia Pacific region still adopt a wait-and-see approach to new energy.

India reached a cumulative installed rooftop solar capacity of 9.3 GW as of March 31, 2023, with the addition of 485 MW in Q1 2023.

Larsen & Toubro (L&T) is set to begin constructing the renewable energy generation, storage, and grid infrastructure for the green hydrogen production facility in Saudi Arabia, as it has made significant progress from design to procurement.  

India’s Himadri Speciality Chemical has acquired a 12.79% stake in Sicona Battery Technologies, an Australian startup that specializes in high-capacity silicon anode technology for lithium-ion batteries.

ICRA expects India to add 16 GW of solar power generation capacity, 2 GW of wind and another 2 GW from hybrid projects in FY2023-24.

Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) is accepting bids to develop 810 MW of state transmission utility (STU)-connected PV projects in the Bikaner district. Bidding closes on June 7.

Telangana-based WindStream Energy Technologies has installed more than a hundred hybrid renewable energy systems, SolarMills, in the remote mountainous regions crucial for defense operations.