Indian developer Acme and the Norwegian investment fund have signed the framework agreement to co-invest in developing potential renewable energy projects in India.
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.
The $50 million electrolyzer factory is expected to start production in 2023. It will produce all four types of commercially available electrolyzers.
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, 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.
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 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.
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.
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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