France

The Indian developer will use the 3DExperience virtual platform to manage its utility-scale solar, wind, and hybrid energy projects more efficiently. The platform enables users to track the progress of multiple complex projects, quickly act on insights and ensure best-in-class delivery.

The nation maintained the highest score of 62.7 for solar in the latest edition of Ernst & Young’s renewables attractiveness index. It ranked third for overall renewable energy investment. 

India ranks behind the United States and China in IHS Markit’s latest rankings of most attractive solar markets.

The Mumbai-based investor has concluded acquiring a controlling stake in Engie’s 813 MWp operating solar capacity in India. It will also acquire 2 GW of solar assets to be developed by the French energy major over the next couple of years. 

The Memorandum of Understanding entails joint research and development projects in solar, wind, hydrogen and biomass energy.

The French oil and gas giant already owns half the stake in the Indian developer’s 2.3 GW operational solar assets in India through a joint venture.

The nation has earned the highest score of 62.7 in terms of attractiveness for solar PV investment and deployment in the latest ranking of top 40 countries by Ernst & Young.

France’s Sunbooster has developed a technology to cool down solar modules when their ambient temperature exceeds 25 degrees Celsius. The solution features a set of pipes that spread a thin film of water onto the glass surface of the panels in rooftop PV systems and ground-mounted plants. The cooling systems collect the water from rainwater tanks and then recycle, filter and store it again. The company claims the technology can facilitate an annual increase in power generation of between 8% and 12%.

While the stake sale in solar portfolio will allow Adani to carry out its contracted pipeline efficiently, it could also mean commercial & industrial (C&I) rooftop as a growth opportunity for both the companies—according to Wood Mackenzie analysts.

The French oil and gas giant—which is already a partner in Adani’s natural gas business—will now invest US$ 510 million to buy 50% stake in 2,148 MWac operating solar power projects owned by Adani Green Energy Limited.