United States

In the new role, Vikas Bansal is tasked with scaling the international business of GameChange Solar, developing and executing the strategy to enter new markets, and developing delivery capabilities needed to cater to the exponential growth.

ACEN Corp., the renewable energy arm of Filipino conglomerate Ayala Corp., will deploy $250 million equity plus related performance guarantees to support US-based BrightNight’s existing hybrid renewable energy portfolio and future growth in India.     

The investment will fund Tata Power Renewable’s aggressive growth plans as it targets over 20 GW of renewables assets and a market-leading position in the rooftop and electric vehicle charging space across India over the next five years. 

IIT Madras Research Park and US-based First Solar will cooperate on a range of research and development (R&D) activities including the localization of thin film and other next-generation PV technology supply chains in India, high-volume manufacturing, PV module testing, and high-value recycling.

The US-based company has been granted patents in India and China for its smart battery management system that monitors the thermal storage capacity of the phase-change material and automatically adjusts the power output of the battery packs and cells.

US-based ACE Green is setting up lithium battery recycling plants in Uttar Pradesh and Gujarat, where it will use a zero-waste hydrometallurgical recycling process to extract valuable materials from dead batteries.  

US-based Enfinity Global has commissioned 135 MW of solar projects in Maharashtra. It has also acquired 70 MW of operational assets in Telangana and Karnataka.

India is the top market for solar investment, according to the latest edition of Ernst & Young’s renewables attractiveness index. Spain, Germany and the United States are the top three markets for corporate power purchase agreements (PPAs).

Currently, Serentica Renewables is developing 1.5 GW of solar and wind power projects for energy-intensive industries in India. Over the medium-term, it aims to install 5 GW of clean energy capacity, coupled with different storage technologies. The investment from KKR will support its industrial decarbonization projects.

Reliance, a strategic investor in US-based Ambri, is purchasing Ambri’s liquid-metal battery system for demo installation as part of its broader energy storage manufacturing plans and deployments in India.