United States

India’s National Investment and Infrastructure Fund and the U.S. Development Finance Corp. will provide up to $500 million each to anchor a $1 billion fund to support the deployment of renewable energy projects in India.

Indian manufacturer Navitas Solar has collaborated with US-based Sustainable Equity and Colby Solar to set up a module factory named Navitas Solar USA by Colby with a manufacturing capacity of 1.2 GW per annum.

C4V, a New York-headquartered lithium-ion cell technology company, has tied up with UAE-based Trot Solutions to develop green ports in India. The alliance has started to discuss with the port operators for its first green port project at Jawaharlal Nehru Port Terminal in India. 

India exported solar PV cells and modules worth INR 8,440 crore in FY 2022-23. USA was the top destination with a 97% share.

India’s Epsilon Advanced Materials will invest $650 million to set up a graphite anode processing facility in the USA. The facility will produce high-capacity synthetic anode materials for electric vehicle (EV) batteries.

India’s Vikram Solar and New York-based private equity firm Phalanx Impact Partners and investment advisor Das & Co. have formed a joint venture to establish 4 GW of ingot-to-module manufacturing operations in the USA with a planned investment of up to $1.5 billion.

A staggering 62% of inspected projects in USA were identified to have critical or major issues in a report by HelioVolt.

India has retained its crown as the most attractive market for solar investment, according to the latest edition of Ernst & Young’s renewables attractiveness index. 

The US solar industry had its best first quarter in history as supply chain challenges started to fade, according to the US Solar Market Insight Q2 2023 report.

Ohmium’s proton exchange membrane (PEM) electrolyzers will be used by NTPC to decarbonize energy, transport and ammonia projects.