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Norway

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. 

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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.

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.

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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.

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