Jakson Green secures $35.38 million credit facility from First Abu Dhabi Bank
Jakson Green has secured a credit facility of INR 2.96 billion ($35.38 million) from First Abu Dhabi Bank (Mumbai) to fuel its international expansion. The first beneficiary of this funding will be Jakson Green’s upcoming solar and battery storage project in Uzbekistan.
Essar Energy Transition launches EET Hydrogen Power
Essar Energy Transition (EET) has launched EET Hydrogen Power, Europe’s first hydrogen-ready combined heat and power plant (CHP) to be built at its Stanlow refinery
REC secures JPY 31.96 billion green loan from Deutsche Bank AG
REC Ltd has secured a green loan of JPY 31.96 billion (equivalent to $200 million) from Deutsche Bank AG to finance eligible green projects in India.
Advait Infratech sets up green hydrogen subsidiary in Norway
Advait Infratech’s wholly owned subsidiary, Advait Energy Holding AS, will engage in strategic collaboration and investments, services, marketing, manufacturing and exchanging technical know-how in the space of the green hydrogen ecosystem.
Amara Raja signs LFP battery technology deal with China’s Gotion
Amara Raja Energy & Mobility Ltd has secured the technology license from China’s Gotion High-Tech to manufacture lithium ferro phosphate (LFP) battery cells in both cylindrical and prismatic form factors.
Amara Raja increases stake in InoBat to 9.32%
Amara Raja Energy & Mobility has increased its stake in EV battery specialist InoBat to 9.32% with a further investment of EUR 20 million into the company.
Radiance, PIDG form JV for C&I solar, hybrid projects in India
Radiance Renewables and UK-based investor Private Infrastructure Development Group (PIDG) have announced a joint venture to develop greenfield solar and hybrid wind-solar energy projects for commercial and industrial (C&I) clients in India.
Reliance signs alkaline electrolyzer deal with Norway’s Nel
Through the agreement, Reliance gets access to Nel’s technology platform for manufacturing alkaline electrolyzers.
Reliance completes sale of REC’s polysilicon manufacturing unit
Reliance Industries Ltd (RIL) has completed sale of REC Solar Holdings’ kerf-based polysilicon manufacturing arm, REC Solar Norway, to Elkem ASA. It continues to retain the technology and intellectual property rights of kerf-based polysilicon post sale of REC Solar Norway.
China’s solar dominance set to continue amid price slide
With solar module oversupply triggering a price freefall in 2023 and no recovery in sight, market consolidation, inventory pile-up, technology shifts, and challenges to reshoring PV manufacturing are set to affect all levels of the solar supply chain.
