India

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

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.

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.

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

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.

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.

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.

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. 

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.

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.