Avaada announces $2.44 billion REC funding for energy transition projects
Avaada has signed an agreement with REC for INR 20,000 crore (around $2.44 billion) investment to fund its multiple projects over the next five years.
Govt to retender 20 GWh battery cell capacity under PLI Scheme
The Ministry of Heavy Industries (MHI) will retender the 20 GWh advanced chemistry battery cell capacity that was left unallocated after Hyundai Global Motors Co., one of the winners of the 50 GWh PLI tender, withdrew from the scheme last year.
SJVN secures PPAs for 200 MW solar, 100 MW wind
SJVN Green Energy will develop 200 MW of solar projects for power supply to Maharashtra State Electricity Distribution Co. Ltd (MSEDCL). It will also build a 100 MW wind plant under a power purchase agreement with Solar Energy Corp. of India Ltd (SECI).
Sterlite Power commissions its sixth power transmission project in Brazil
Sterlite Power has completed an INR 1,600 crore Marituba Power Transmission project that is designed to deliver over 1 GW of green power to the industrial region of Belem.
Reliance Industries, BharatBenz unveil intercity luxury bus powered by hydrogen fuel cell
The intercity luxury coach, engineered by BharatBenz, runs on Reliance Industries’ hydrogen fuel cell technology.
India’s solar PV module exports surge 364% YoY
India exported solar PV cells and modules worth INR 8,440 crore in FY 2022-23. USA was the top destination with a 97% share.
Tata Group to invest over $5 billion in 40 GWh UK battery fab
Tata Group will build a 40 GWh battery factory in the UK to produce batteries for Jaguar Land Rover (JLR) and other EV manufacturers in the UK and Europe.
NHPC tenders 200 MW solar EPC in Gujarat
NHPC is accepting bids to set up a 200 MW solar power project in the 600 MW solar park of Gujarat State Electricity Corp. Ltd (GSECL) at Khavda. Bidding closes on August 29.
IIT Kanpur, UK’s H.E.L to collaborate on battery testing
UK-based H.E.L Group will provide IIT Kanpur with the latest battery testing technology under a collaboration agreement signed with IIT Kanpur.
First half 2023 total solar corporate funding increased 54% year-over-year
According to Mercom’s Solar Funding report almost 25.5 GW of solar projects were acquired in the first half of the year, totaling $18.5 billion.
