Middle East

Jakson Green has secured a credit facility of INR 2.96 billion ($35.38 million) from First Abu Dhabi Bank (Mumbai) to fuel its international expansion. The first beneficiary of this funding will be Jakson Green’s upcoming solar and battery storage project in Uzbekistan.

Jakson Green has secured a sustainable trade facility of INR 600 million ($7.2 million) from HSBC India. This funding will support the company’s working capital requirements for its renewable energy business, both in India and internationally.

Larsen & Toubro (L&T) has secured orders to establish two floating solar plants with a cumulative capacity of more than 150 MW AC and a 120 MW AC ground-mounted PV plant in India. It has also bagged multiple orders for grid systems in India and overseas.

GameChange Solar, a US-based tracker supplier, has announced the construction of a 3 GW tracker factory in Saudi Arabia, with plans for potential expansion to 5 GW in the future.

Godrej & Boyce has supplied heat exchangers for a commercial-scale green hydrogen project in the Middle East. The heat exchangers will facilitate heat transfer across various stages of the production process.

Airtouch Solar has secured a third order from Adani Green Energy Ltd (AGEL) in a span of nine months. The company will deploy its latest AT 4.1 series water-free cleaning robots for AGEL’s select PV sites in Rajasthan, increasing the energy output of the assets whilst saving 50 million litres of water annually.

Gensol Engineering Ltd has appointed Kapil K Nirmal as the chief executive officer for its solar EPC business in the Middle East region. 

PV Hardware (PVH) will supply solar trackers for a 1 GW PV project at Ar Rass 2 Solar PV Park in Saudi Arabia. The project is being developed by ACWA Power with Larsen & Toubro (L&T) as EPC contractor.

Sunpure will supply Larsen & Toubro with water-free PV cleaning robots for the world’s largest utility-scale hydrogen plant powered entirely by renewable energy.

Acme has secured a long-term offtake contract with Norway’s Yara for 100,000 tons per annum of ammonia from renewables.