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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.

REC places order for Maxwell’s HJT solar line

Maxwell Technologies will supply 600 MW of manufacturing equipment for REC’s latest heterojunction (HJT) innovation, REC Alpha Pure-R.

Norfund, KLP to buy 49% in Enel’s 420 MW solar project 

The Norwegian Climate Investment Fund, managed by Norfund, and KLP, Norway’s largest pension company, have signed a deal to raise a 49% stake in a 420 MW solar power plant in India developed by Italy’s Enel Green Power. 

REC to showcase new Alpha Pure-R solar panels at REI

REC, a Norwegian solar panel specialist, will exhibit the latest module in its award-winning REC Alpha line at the Renewable Energy India (REI) exhibition in September. It will also join forces with its new owner, Reliance Industries Ltd., to recruit new talent for a planned solar gigafactory in India.


Acme, Scatec sign green ammonia sale agreement with Yara

Norway’s Yara International has agreed to buy 100,000 tonnes of green ammonia annually from Phase 1 of Acme and Scatec’s Omani project.

Ayana Renewable, Greenstat Hydrogen to launch green hydrogen pilot in Karnataka   

Ayana Renewable Power and Greenstat Hydrogen India have signed an agreement to jointly develop green hydrogen projects in India. The first one will be launched in Karnataka.


Norway’s Statkraft, Aker Horizons partner to explore green hydrogen and ammonia production in India

Norwegian renewable energy developer Statkraft has partnered Norway’s green investment company Aker Horizons to explore fully-integrated renewable power generation and green hydrogen production in India, targeting local steel and fertilizer industries.


Scatec joins scaled up Omani green ammonia project

A previous announcement by Acme indicated the port site would be able to produce around 876,000 tons of the green fuel per year but the Indian developer today said that figure would be 1.2 million tons. The 100,000-ton-per-year first phase of the facility may be operational this year.

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