Advait partners Norway’s TECO 2030 to produce fuel cells in India
Advait Infratech and Norway’s TECO 2030 have collaborated to develop, manufacture, and commercialise fuel cells based on TECO 2030 technology.
The Hydrogen Stream: Acme to supply 100,000 tons per annum of green ammonia to Yara
Acme has secured a long-term offtake contract with Norway’s Yara for 100,000 tons per annum of ammonia from renewables.
SAEL secures $1 billion for solar, biomass projects
Solar and waste-to-energy producer SAEL has secured $1 billion from financial institutions including Norfund, DFC, Asian Development Bank (ADB), and Tata Cleantech.
Reliance to sell REC’s polysilicon manufacturing arm for $22 million
Reliance Industries Ltd (RIL) is selling REC Solar Holdings’ kerf-based polysilicon manufacturing arm REC Solar Norway to Elkem ASA, a silicon-based material provider. Upon completion of the sale, RIL will continue to retain the technology and intellectual property rights of kerf-based polysilicon.
SJVN to pilot membrane-based floating project utilizing Norwegian firm’s technology
SJVN Green Energy Ltd will pilot a 2 MW floating solar project based on Norwegian firm Ocean Sun’s membrane-based floater technology. Once this pilot project succeeds, the two companies will collaborate to deploy this technology on a large scale in the southern part of India.
ABB to power Samskip’s new hydrogen-fueled container vessels
ABB has secured a complete power, propulsion, and automation systems order for Samskip Group’s hydrogen-powered container vessels. Built by Cochin Shipyard Ltd, the largest shipbuilding and maintenance facility in India, these vessels are among the first in the world to demonstrate the potential of hydrogen fuel cells as a clean and renewable fuel source.
Fourth Partner Energy raises additional $42.3 million in equity funding from Norfund
The corporate solar solutions provider has raised an additional equity investment of INR 350 crore ($42.3 million) from Norfund after receiving $100 million in 2021. It is also tying up with IFC for INR 560 crore fund to execute projects in India.
Acme partners Norfund to invest in renewable energy projects in India
Indian developer Acme and the Norwegian investment fund have signed the framework agreement to co-invest in developing potential renewable energy projects in India.
Norfund invests INR 500 crore in Indian renewables company
India’s solar and waste-to-energy generator SAEL has raised INR 500 crore of equity investment from Norway’s Norfund as it seeks to fast-track the implementation of its biomass power projects that use crop stubble as a fuel.
Adar Poonawalla-backed homiHydrogen to set up 1.5 GW electrolyzer fab in India
The $50 million electrolyzer factory is expected to start production in 2023. It will produce all four types of commercially available electrolyzers.
