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Scatec and Acme put their 900 MW Rajasthan solar project on hold

Norway’s Scatec, which has a 50% stake in Acme’s 900 MW solar project in Rajasthan, cited a lack of domestic solar panel supply and the 40% import duty on solar panels effective from April as the reasons for putting the PV project on hold.


L&T and Norway’s HydrogenPro to set up electrolyzer gigafab in India

Larsen & Toubro (L&T), an Indian multinational EPC contractor, has partnered with Norway’s HydrogenPro to set up a joint venture in India for gigawatt-scale manufacturing of alkaline water electrolyzers. 

Reliance Industries acquires 100% stake in REC Group, plans new manufacturing bases

India headquartered multinational Reliance Industries, through its subsidiary Reliance New Energy Solar Limited, yesterday announced the acquisition of Norway headquartered module manufacturer REC Group. The move comes as Reliance pushes forward with its US$10 billion plan to move in on the renewable energy industry, having also this week announced acquisition of a 40% share in EPC provider Sterling & Wilson.


Ayana Renewable partners Norway’s Greenstat on India’s hydrogen mission

The Bengaluru-based solar and wind energy developer has signed a Memorandum of Understanding with Greenstat Hydrogen India to collaborate on developing projects for green hydrogen production in India.

Reliance Industries may acquire REC Solar

Mumbai-based Reliance Industries and REC Solar have declined to comment on rumors that the Indian company might acquire the Norwegian PV module maker, in a potential transaction that Indian media outlets have already valued at $1 billion to $1.2 billion.

Fourth Partner Energy acquires 8.9 MW solar portfolio from Statkraft

The acquisition is in line with the Hyderabad-based corporate solar developer’s plan to ramp up. For Norwegian developer Statkraft, the selloff is part of its strategic plan to exit the distributed solar segment in India and focus on developing large-scale projects.


Scatec enters Indian solar market

The Norwegian renewables business has acquired a 50% stake in Acme’s 900 MW solar project in Rajasthan. The project will benefit from a 25-year PPA with the Solar Energy Corporation of India.


IESA partners Norway’s Greenstat to support India’s hydrogen mission

India Energy Storage Alliance (IESA) and Greenstat Hydrogen India will collaborate on establishing a Norwegian Centre of Excellence on Hydrogen in India and supporting the development of green hydrogen technologies.


TERI partners Norway’s Greenstat for Centre of Excellence in hydrogen

The Energy and Resources Institute (TERI) has signed a Memorandum of Understanding (MoU) with the India arm of Norwegian energy company Greenstat to set up a Centre of Excellence for hydrogen in India and accelerate deployment of hydrogen technologies in the country.


Enel joins the Indian solar gold rush

The Italian utility, fresh from securing its first 300 MW of PV generation capacity in the recent, record-setting tender held by SECI, has teamed up with the state-owned Norwegian Investment Fund to commit to further clean energy facilities in India.


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