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Scottish startup to begin gravity energy storage pilot in India

UK-based Gravitricity will begin with pilot demonstration of its gravity energy storage systems in India as it eyes broader deployment in the long term.   

Prescinto to optimize Greek developer’s 70 MW of solar assets

Gujarat-based Prescinto, which provides software-as-a-service (SaaS) solutions for clean energy asset management, has entered the European market by securing a deal with Thessaloniki-based SunSolarWind for 70 MW of solar assets.

Ernst & Young again ranks India as world’s most attractive solar market

India is the top market for solar investment, according to the latest edition of Ernst & Young’s renewables attractiveness index. Spain, Germany and the United States are the top three markets for corporate power purchase agreements (PPAs).

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Schüco warns of more solar modules with defective backsheets

Schüco has expanded its recent warning letter about potential solar panel defects to include more products. The new list includes PV modules the company delivered between 2010 and 2014.

GR Promoter Group forms green hydrogen JV with Spain’s H2B2

India’s GR Promoter Group has entered the green hydrogen market in a joint venture with Spanish hydrogen technology solutions provider H2B2. The JV will manufacture water-based electrolyzers and develop green hydrogen production plants based on off-taker agreements.

Erisha partners Germany’s Greenbox for green hydrogen business

Erisha E Mobility has formed a joint venture with Greenbox to manufacture a range of green hydrogen solutions by leveraging technologies developed by Greenbox.

State Bank of India signs €150 million solar loan agreement with Germany’s KfW

The State Bank of India (SBI) has signed the agreement with KfW Development Bank for availing a second low-interest loan of €150 million. It will use the amount to finance solar farms with outputs between 50 and 250 MW.

UK-backed Neev Fund invests $25 million in Hygenco

Haryana-based Hygenco plans to develop and rapidly scale up multiple green hydrogen facilities across India in the next two years.

Borosil Renewables completes acquisition of 86% in Europe’s largest solar glass maker Interfloat Group

Borosil Renewables had signed a binding offer for 100% equity in Interfloat Group, Europe’s largest solar glass manufacturer, in April this year.

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Mondragon Assembly will develop a multi-GW automated manufacturing line for BVG Ltd

It will be one of the largest and most automated lines in North India, with the capacity to produce higher power modules with larger cells. The first phase will have a production capacity of 500 MW.

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