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.
ReNew secures $1 billion from European bank Societe Generale
Societe Generale will provide up to $1 billion of debt finance and advisory solutions, over the next three years, to support the development of ReNew’s energy transition projects.
Greenko ZeroC to supply renewable ammonia to Norway’s Yara
Greenko ZeroC will supply up to 50% of renewable ammonia from Phase 1 of its ammonia production facility in Kakinada.
AMPIN Energy secures $35 million from responsAbility
Swiss impact investor responsAbility’s $35 million investment will enable AMPIN Energy Transition to grow its renewable energy portfolio, primarily in commercial and industrial (C&I) solar across a wide spectrum of sectors in India.
China’s clean tech dominance threatens global market stability
The influx of affordable Chinese green products is pressuring local industries in major economies, particularly the U.S. and Europe, driving down prices and potentially stifling domestic innovation due to competitive disadvantages.
Fortum sells stake in 185 MW Indian solar portfolio
Fortum has signed an agreement to sell the remaining 43.75% share of its Indian solar power portfolio to Gentari Renewables India. Post divestment, the company still has EV charging services and a renewables development portfolio with projects at different stages in India.
REC secures JPY 60.5 billion green loan backed by Italian export credit agency SACE
REC will use the funding to support projects which meet rigorous environmental standards, promote renewable energy and contribute to reducing carbon emissions.
Renuka Sharma promoted to APAC director at BayWa r.e.
Renuka Sharma, who previously served as the managing director of BayWa r.e. Thailand, is now BayWa r.e.’s energy solutions business director for the Asia-Pacific (APAC) region.
Experion, University of Würzburg collaborate for R&D in energy systems and artificial intelligence
Experion and Germany’s Julius-Maximilians-Universität Würzburg have joined hands for research and development in the field of smart energy systems and vehicle-to-grid integration.
