India

Servotech Power Systems announces $36.2m investment to set up EV charger factory in Uttar Pradesh, India, generating up to 500 jobs and 10,000 EV DC Fast chargers per year.

SGEL has won the 90 MW floating solar project in Madhya Pradesh with an INR 3.79 ($0.046)/kWh tariff. The project is expected to generate 4,781 MUs over 25 years and will be commissioned within 21 months of signing the PPA. SJVN is the second firm to win the project.

NTPC Renewable Energy Limited wins 80 MW floating solar project in Madhya Pradesh with low cost of INR 3.80 kWh. MP government to bear cost of battery energy storage system of INR 30 million for sustainable, clean and affordable energy supply.

QIA acquires 2.5% stake in Adani Green Energy Ltd. for INR 39 billion, through its subsidiary INQ Holding LLC. Adani Green has 8.1 GW of capacity in its operational fleet with a goal to reach 45 GW by 2022.

ReNew Power Pvt Ltd and Gentari Sdn Bhd join forces to invest in renewable energy projects in India, with a total capacity of 5 GW and plans to develop 30 GW by 2030. ReNew also aims for net-zero status by 2040.

Waaree Renewable Technologies Ltd has switched on a 87.5-MW/122.5-MWp solar power plant in Madhya Pradesh, producing 349 million kWh annually. This 651 acre facility is part of a larger 150-MW/210-MWp project, with a 25-year contract. O&M for 2 years included.

McDonald's India (North & East) has commissioned Delhi's largest solar power plant in Najafgarh with a capacity of 3.2MW. It is expected to reduce CO2 emissions by 3,822 tonnes annually and promote biofuel & biodiesel for ecological sustainability.

First Solar Inc. secures USD 1 billion revolving credit facility from JP Morgan Chase Bank to finance expansion in India, Alabama, and Ohio. Facility enables company to open 3.4-GW DC production facility and R&D center, aiming to have over 20 GW DC of factories in 2026.

Avaada Energy has closed a USD 1.3bn funding round, the largest equity raise for a green energy firm in Asia. Canada's Brookfield Asset Management and Thai power company Global Power Synergy have invested significantly, to be used for green hydrogen, green methanol, green ammonia projects and more. Recent tenders won by the firm amount to 1.8 GW. Sustainable future ahead with Avaada.

Tata Power Renewable Energy Limited (TPREL) revealed on Monday the commissioning of a 110-MW solar energy plant in Bikaner in the Indian state of Rajasthan.

Indian solar panel producer Saatvik informed Solar Power World it is exploring alternatives to open a 1.5-GW panel manufacturing plant in the United States. Saatvik currently supports a 1.5-GW plant in Haryana, India (that must broaden to 3 GW by September 2023), and is also developing a brand-new 2.5-GW panel and cell center in Gujarat, India.

India's cumulative mounted sustainable generation capacity reached 125.2 GW at the end of March 2023, with over half of it originating from the solar market, which is forecast to add some 18 GW during the current year, JMK Research says in a new report.

By keeping significant supplies, enPossibilities will certainly bridge the gap between the availability of solar inverters' as well as the demands of solar installers and EPC players throughout the country.

A unit of Tata Power Renewable Energy Ltd (TPREL) has actually authorized a power purchase agreement (PPA) with Tata Power Trading Co Ltd (TPTCL) in regard to the planned building and construction of a 200-MW/280-MWp solar power plant in the Indian state of Rajasthan.

In an essential meeting of the company, it was determined to develop 13 solar plants in 8 mining areas of Singareni. The DPRs of the solar projects were gone over in the conference and also it was chosen that message approval from the board, tenders will certainly also be issued.