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India

Canada’s OMERS Infrastructure to buy 19.4% stake in Azure Power

The transaction expands Canadian pension plan’s investment in clean energy, consistent with its long-term strategy to increase footprint in this growing sector.

India has fastest energy payback on silicon solar rooftop systems

The energy payback time of a silicon PV rooftop system mounted in India is only 0.44 year (160.6 days), compared to 0.53-0.67 year in Africa, 1-1.3 years in Europe, and 1.42 years in Canada, reveals a world map by German research body the Fraunhofer Institute of Solar Energy Systems (ISE). For the calculation, the report authors considered the installation used a typical, Chinese-made, 60-cell, PERC, 19.9%-efficient solar module.

Madhya Pradesh tenders 225 MW of solar under PM KUSUM

Developers have until August 31 to bid for grid-connected solar installation under the Scheme that allows farmers to set up PV power plants on their uncultivable land and benefit from selling the generated power to the State Discoms.

Australian firm partners JSW Energy on green hydrogen projects in India

Australia-based Fortescue Future Industries has partnered with JSW Energy arm on green hydrogen production and application in India. 

Amp Energy India raises US$ 100 million from Danish investor

Copenhagen Infrastructure Partners and Amp Energy have signed a US$200 million investment pact with each partner committing to $100 million. The investment will allow Amp Energy to add 1.7 GWp of utility-scale and commercial and industrial renewable energy projects.

Torrent Power acquires 50 MW solar assets from Lightsource BP 

The PV plant is situated in the Solapur district of Maharashtra. It benefits from a 25-year power purchase agreement with Solar Energy Corporation of India Limited at a fixed tariff of INR4.43 per unit.

CESL, HPCL sign agreement on EV charging infrastructure

Convergence Energy Services limited, an arm of Energy Efficiency Services Limited (EESL), will set up electric vehicle charging points at Hindustan Petroleum Corporation Limited outlets in major cities including Mumbai, Delhi, Bengaluru, Hyderabad, Chennai, Kolkata, and Pune. The two partners are also identifying major highways across India where adequate charging infrastructure can be installed.

ACME Solar raises $334 million via offshore green bonds

The Indian developer has a cumulative 4.8 GWp solar portfolio, including 2.2 GWp operational and another 2.6 GWp under-construction projects. It will use the proceeds from the green bonds to finance twelve of its solar assets in India. 

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Sterling and Wilson Solar expands into hybrid energy plant, storage EPC 

The Indian multinational, which has 11.4 GWp of solar EPC portfolio and 8.1 GWp operations and maintenance, aims to use its project management skills and strong stakeholder relationships to become a global leader in the future energy market.

First Solar plans a 3.3 GW Indian module fab

The U.S.-based manufacturer is planning a vertically integrated thin-film solar module manufacturing facility in India. The factory will likely be built in Tamil Nadu and become operational in the second half of 2023.

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