How the India-UK FTA can turbocharge clean energy cooperation and investment between the two nations
Trade is only half the story, the bigger opportunity lies in green finance. Indian renewable energy projects require an estimated $250 billion in capital by 2030. The UK, home to one of the world’s most mature green finance ecosystems, including institutions like the Green Investment Bank and large ESG-focused funds, is ideally positioned to bridge this gap.
UK parliament calls for solar supply chain law, forced labor import ban
Cross-party human rights committee says legislation needed to combat forced labor in solar supply chains, in report urging the UK government to introduce mandatory due diligence measures. Solar Energy UK expresses disappointment in committee’s portrayal of the UK solar industry.
Sodium-ion batteries present an opportunity for India to establish an indigenous energy storage ecosystem
Sodium-ion batteries, with the abundance of input materials, make a viable choice for India to reduce its reliance on imports to meet its energy storage needs, says a new report.
IndiGrid, BII, and Norfund form $300 million platform to develop greenfield transmission and BESS projects in India
IndiGrid has partnered with British International Investment (BII) and Norfund to form a $300 million platform, EnerGrid, to develop greenfield transmission and standalone battery energy storage system (BESS) projects in India.
Thermax enters SOEC technology license agreement with UK’s Ceres
Under the agreement, Thermax will manufacture, sell, and service stack array modules (SAM) based on Ceres’ advanced solid oxide electrolysis cell (SOEC) technology for green hydrogen production.
Epcogen secures contract for Highview Power’s liquid-air energy storage project in UK
Epcogen will provide multi-discipline engineering activities for Highview Power’s first large-scale liquid-air energy storage project in Manchester, UK.
IndiGrid partners BII, Norfund, and Techno Electric to develop transmission projects in India
British International Investment and Norfund will invest in IndiGrid’s three inter-state transmission system projects currently under-construction. These projects are expected to support evacuation of 6 GW of renewable energy in the states of Madhya Pradesh and Maharashtra. Techno will co-develop two of these projects.
Essar Energy Transition launches EET Hydrogen Power
Essar Energy Transition (EET) has launched EET Hydrogen Power, Europe’s first hydrogen-ready combined heat and power plant (CHP) to be built at its Stanlow refinery
Radiance, PIDG form JV for C&I solar, hybrid projects in India
Radiance Renewables and UK-based investor Private Infrastructure Development Group (PIDG) have announced a joint venture to develop greenfield solar and hybrid wind-solar energy projects for commercial and industrial (C&I) clients in India.
UK investor, Dutch bank commit $50 million loan facility to C&I renewables developer BECIS
British International Investment (BII) and Dutch bank FMO have committed a $50 million joint loan facility to support BECIS to grow its rooftop solar portfolio in India and South-East Asia to nearly 350 MW by 2025.
