Indian startup Solavio Labs raises Canadian fund
The solar panel-cleaning robot startup, which saw its sales jump 125 times last year, has thus far raised three levels of funding amounting to INR 2 crore from government bodies in India, Dubai, and Canada.
India-US climate ties must prioritize green transition finance
A new report says the United States and India have an opportunity to partner to catalyze foreign institutional investment in India’s green transition. It lays out what such a partnership should look like and how it would benefit both countries and the world.
Roshan Energy signs lithium battery production agreement with US firm
The Telangana-headquartered lithium-iron-phosphate (LFP) battery manufacturer has teamed up with Las Vegas-headquartered Barrel Energy to develop and manufacture lithium batteries for electric vehicles. The joint venture will establish factories in India and North America.
IndianOil selects American firm Dastur for India’s largest industrial carbon capture and utilization project
The CO₂ captured from the hydrogen generation units at Koyali refinery in Gujarat will be primarily used for enhanced oil recovery at the Oil and Natural Gas Commission’s oilfield at Gandhar, near Koyali.
Tesla launches solar inverter
The EV manufacturer with big solar ambitions has finally leveraged its expertise in power electronics technology and launched a solar inverter.
Solar panel cleaning startup Solavio Labs selected into Canadian accelerator program
The Coimbatore-based startup has designed an autonomous solar panel cleaning bot with a modular design, making it compatible with almost any structure, mounting area, or climatic condition.
India ranked the world’s most attractive solar PV market by Ernst & Young
The nation has earned the highest score of 62.7 in terms of attractiveness for solar PV investment and deployment in the latest ranking of top 40 countries by Ernst & Young.
Bifacial PV modules no longer exempt from US Section 201 import tariffs
The U.S. authorities are currently subjecting imported bifacial modules to a 20% penalty – the same tariff applied to almost all other crystalline silicon solar modules.
KKR’s India platform will acquire operating renewables assets
Headquartered in Mumbai, Virescent Infrastructure owns 169 MWp of solar assets in Maharashtra and 148 MWp in Tamil Nadu.
Trump pulls tariff exemption for bifacial panels – again
The U.S. president issued a proclamation on Oct. 10 that cites the impact of imported bifacial panels on U.S. solar manufacturing, while also raising the scheduled fourth-year tariff rate from 15% to 18%.
