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Fourth Partner Energy raises additional $42.3 million in equity funding from Norfund

The corporate solar solutions provider has raised an additional equity investment of INR 350 crore ($42.3 million) from Norfund after receiving $100 million in 2021. It is also tying up with IFC for INR 560 crore fund to execute projects in India.

C4V, Trot Solutions tie up to develop green ports in India

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. 

Germany deployed 6.26 GW of solar in H1

Germany installed more than 1 GW of new PV systems in June alone. Its cumulative installed PV capacity hit 73.8 GW at the end of the first half of this year.

Tata Group to invest over $5 billion in 40 GWh UK battery fab 

Tata Group will build a 40 GWh battery factory in the UK to produce batteries for Jaguar Land Rover (JLR) and other EV manufacturers in the UK and Europe. 

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Tata Steel, UK to support low-carbon hydrogen projects for industrial decarbonization

The Indian steel giant, along with the UK government, has opened a call for innovative projects in low-carbon hydrogen to decarbonize the industrial sector. Two selected projects will be awarded £80,000 (INR 83 lakh) and provided priority access to Tata Steel’s integrated steel plant.

Developer using membranes to increase bifacial solar module yield by 6.4%

Germany-based Solar Kapital has used membranes at three of its PV plants in Greece. It claims that the payback time of the new solution is relatively short.

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Spain targeting 56 GW of new solar by 2030 under new energy strategy

The Spanish government says it aims to deploy 76 GW of cumulative PV capacity and 22 GW of storage by the end of this decade. The old version of the national energy strategy had set a PV target of 39 GW.

Munich arrest before Intersolar tied to anti-dumping subsidy case, says lawyer

The German police arrested a Chinese citizen at Munich Airport last week, prior to the start of the Intersolar Europe trade fair. Investigators are targeting the detained individual for allegedly evading anti-subsidy and anti-dumping duties imposed on PV products in the European Union prior to September 2018, a lawyer told pv magazine.

L&T selects PVH solar trackers for 2.97 GWp PV plant in Saudi Arabia

PVH’s manufacturing facility in Jeddah will supply solar trackers to Larsen & Toubro for the 2.97 GWp PV project in the NEOM region of Saudi Arabia.

India, France discuss ISA priorities for accelerating global energy transition

In a meeting with the French delegation, India’s power minister emphasized the role of insurance for renewable energy projects, payment security mechanism, and debt financing in attracting investment into renewable energy.

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