United Kingdom

Haryana-based Hygenco plans to develop and rapidly scale up multiple green hydrogen facilities across India in the next two years.

Hinduja Group, an Indian multinational, has invested GBP 15 million (($18.4 million) with four other investors in Connected Energy, a developer of energy storage systems based on second-life electric vehicle batteries. The investment will help Connected Energy to scale up its operations and move into utility-scale project development. 

The UK investor (formerly known as CDC Group) has committed a $47 million follow-on investment in Fourth Partner Energy to build 294MW of greenfield renewable power capacity. Another $42 million will go to Italian power utility Enel’s India arm Thar Surya 1, to support the development of a 300MW greenfield solar project in India.

Delhi-based SolarArise India Projects, an investee company of ThomasLloyd, owns seven solar power projects with a cumulative capacity of 434MW in India.

A British-Indian research group has developed an active cooling technique that is claimed to improve a PV system’s yield by around 0.5%. The system could be used in residential solar arrays and the water heated by the PV modules may be fed into a solar water heating system.

Indian renewable energy developer Hero Future Energies has partnered with US-based Ohmium International on the development of green hydrogen plants in India, the UK, and Europe with a cumulative electrolyzer capacity of 1 GW.

Reliance Industries said its solar unit will buy UK-based sodium-ion battery technology provider Faradion for GBP100 million (US$135 million) including debt, as the Indian conglomerate pushes forward with its ambitious plan to move into the renewable energy industry.

The venture capital arm of British energy company bp has invested $13 million in BluSmart in a $25 million Series A funding round. The investment will help BluSmart bring its electric vehicles and charging stations to five major cities.

UK’s development finance institution CDC will invest $1 billion in green projects in India between 2022-26. Besides, UK has committed a new $200-million private and multilateral investment into the joint UK-India Green Growth Equity Fund that invests in Indian renewable energy.

The PV plant is situated in the Solapur district of Maharashtra. It benefits from a 25-year power purchase agreement with Solar Energy Corporation of India Limited at a fixed tariff of INR4.43 per unit.