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Essar to invest $3.6 billion in energy transition in the UK and India

Essar has formed Essar Energy Transition (EET) that will focus on investing in hydrogen, decarbonization, new energy infrastructure, and biofuels. EET plans to invest $3.6 billion in developing low-carbon energy transition projects in the UK and India over the next five years.

Emmvee gets Fraunhofer ISE on board for solar cell line

India’s Emmvee Group has appointed Germany’s Fraunhofer Institute for Solar Energy as the technology partner for its upcoming 1.5 GW PV cell manufacturing facility.


Greenko places 140 MW electrolyzers order with Belgium’s John Cockerill

John Cockerill will supply 28 units of 5 MW alkaline electrolyzers for use in the development of a green ammonia plant in the Indian state of Himachal Pradesh.

Acme partners Norfund to invest in renewable energy projects in India

Indian developer Acme and the Norwegian investment fund have signed the framework agreement to co-invest in developing potential renewable energy projects in India.

Norfund invests INR 500 crore in Indian renewables company

India’s solar and waste-to-energy generator SAEL has raised INR 500 crore of equity investment from Norway’s Norfund as it seeks to fast-track the implementation of its biomass power projects that use crop stubble as a fuel. 

SmartHelio raises $5 million

The Swiss PV diagnostics and predictive solutions provider said it would use the amount to scale its software for solar performance management.

Centrotherm’s order book exceeds 10 GW in India 

The German supplier is seeing strong demand for its solar cell production equipment as several companies in India embark on cell manufacturing. 

Adar Poonawalla-backed homiHydrogen to set up 1.5 GW electrolyzer fab in India

The $50 million electrolyzer factory is expected to start production in 2023. It will produce all four types of commercially available electrolyzers.

Partners Group to acquire Sunsure Energy

The Swiss investment manager will invest up to $400 million to transform Sunsure into a next-generation independent power producer. The platform targets 3 GW of capacity from Partners Group’s equity commitment.

Scottish startup to begin gravity energy storage pilot in India

UK-based Gravitricity will begin with pilot demonstration of its gravity energy storage systems in India as it eyes broader deployment in the long term.   

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