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India

Priority-sector lending can help unlock US$5-billion EV financing market by 2025

A new report indicates that electric two-wheelers, three-wheelers, and commercial four-wheelers are early segments to prioritize under priority-sector lending.

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Ayana Renewable surpasses 1 GW (AC) of operational capacity

The Bengaluru-based renewable energy developer, with the total management and developmental portfolio of over 3 GW (AC) across India, aims to achieve a portfolio mix of 10 GW (AC) by 2025. 

Exide infuses US$2.68 million into lithium battery JV with Leclanché

Exide Leclanche Energy Private Limited, the joint venture with Swiss energy storage specialist Leclanché, has a lithium battery pack and module assembly factory in Gujarat.

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Solar water pumps redefining farmers’ lives 

With solar water pumps, farmers have access to high-quality power available for irrigation. These systems are portable and can be assembled at any preferred location. With the growing utilization of these systems, the costs have decreased substantially, making them an efficient, convenient, and cost-effective solution for grid-isolated rural areas. 

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Apollo Tyres Ltd raises 27.2% stake in captive solar plant

The captive solar plant, being developed by Cleantech Solar arm CSE Deccan Solar, will supply 40 million units of electricity per annum to the tyre manufacturer’s Chennai facility. 

India’s solar module manufacturing capacity on track to soar 400% in four years

Ratings agency Crisil analysts estimate India will have 38-43GW of annual solar module manufacturing capacity by the end of March 2025. Production capacity will be driven by strong domestic demand, favorable government policy, raised module conversion efficiency, and price competitiveness, according to the ratings agency.

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Fluence, ReNew to set up energy storage joint venture

The Fluence and ReNew Power joint venture will serve a diversified customer base in India by localizing and integrating Fluence’s energy storage products and packages for the local market. ReNew will become its first customer by procuring a 150 MWh battery-based energy storage system for its 300 MW peak power project in Karnataka.

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Jakson appoints Vikram Solar’s Muvvala as EPC chief

Venkataramana Muvvala, who worked with Vikram Solar as business head-EPC, has joined Jakson Group as chief operating officer for the engineering, procurement, and construction (EPC) business.

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REIL seeks 200,000 silicon solar cells

Bids are invited from Indian manufacturers to supply five-busbar mono-/multi-crystalline silicon solar cells rated for minimum of 4.62 watts. Bidding closes on January 27.

Ohmium partners IIT Madras on PEM electrolyzer R&D

The USA-headquartered green hydrogen generator developer has entered into an R&D partnership with IIT Madras Research Park (IITMRP) to improve the performance and lower the cost of its polymer electrolyte membrane (PEM) electrolyzers.

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