Brookfield, Axis form second JV to develop renewable energy projects
Brookfield and Axis Energy Ventures had earlier formed a joint venture platform ABC Renewables to develop renewable energy projects. The latest JV will have up to $845 million of equity investment by Brookfield.
Tata Power to set up 41 MW solar plant for 4.3 GW PV cell, module fab
Tata Power Renewable Energy Ltd will set up a 41 MW solar plant to power TP Solar’s upcoming 4.3 GW PV cell and module fab in Tamil Nadu.
NTPC, ONGC to collaborate for renewable energy projects
NTPC Green Energy Ltd and Oil and Natural Gas Corp. Ltd (ONGC) have signed an agreement to collaborate in various areas of renewable energy (including energy storage, green hydrogen and its derivatives) in India and overseas.
Gautam Solar to expand PV module capacity to 2 GW
Gautam Solar will invest INR 150 crore to double its PV module production capacity to 2 GW per year.
India’s green hydrogen will be the cheapest in the world: Power minister
Already 5.8 million tons of green hydrogen manufacturing capacity is in different stages of installation in India, said power minister R.K. Singh at a summit in New Delhi recently.
Shyam Metalics to make aluminum foil for lithium-ion cells
Shyam Metalics’ entry into battery-grade aluminum foil at scale will support domestic Lithium-ion battery production.
Exide Energy to produce NCM, LFP lithium battery cells initially
Exide Energy is setting up 6 GWh of lithium battery capacity initially, including 3 GWh for lithium nickel cobalt manganese oxide (NCM) and lithium iron phosphate (LFP) cells each. It plans to scale it to 12 GWh in the near future.
SECI extends bidding for 1 GWp of solar modules
Solar manufacturers in India now have until Oct. 18 to bid for supplying 1 GWp of PV modules built with domestically manufactured cells.
India needs $15 trillion to achieve net zero by 2070, says FICCI-Deloitte report
To decarbonize the grid, India needs to add 40-50 GW of grid-scale renewable energy (solar and wind) capacity every year for the next few decades and phase out coal.
NTPC, Syama Prasad Mookerjee Port tie-up for green hydrogen hub
NTPC Green Energy Ltd and Syama Prasad Mookerjee Port have signed a memorandum of understanding for the development of a green hydrogen hub at the Kolkata port.
