India

Jakson Solar, an Indian module manufacturer, has formed a strategic partnership with Ariel Re, a Lloyd's of London Syndicate, to provide product & performance warranties. Jakson's fully automated facility has a 1.2GW capacity, with plans to expand to 2.5GW by 2024. See them at RE+ Event in Las Vegas, USA.

Tata Power Renewable Energy Limited has been granted USD 425 million by the US International Development Finance Corporation for building a 4.3-GW solar cell and module manufacturing plant in Tamil Nadu. This project will create 2,000 jobs and module production is expected to start in 2020. India's renewable energy goals will be boosted by this facility. Tata Power currently has a 7.8 GW renewable energy portfolio.

This solar park in Rajasthan will generate 10.5 million kWh of energy annually, enough to power the cement manufacturer's operations in the area. Learn more about this clean energy project.

ADB provides loan to India's Fourth Partner Energy to fund 25-MW solar park, increasing innovative renewable energy production to 50.7 GW/yr & reducing CO2 emissions by 41,700 tonnes/yr. India's open access renewable energy policy encourages international financing for decarbonisation.

GCL SI secures 1.1GW of N-type high-efficiency solar modules for SAEL Industries Limited in India, one of the biggest PV module procurements in recent years. GCL SI's new N-type cell factory in China provides additional capacity to meet SAEL's ambitious 2GW annual installation goal.

Growatt unveils new MID 33-50KTL3-X2 inverter, designed to offer optimal energy conversion with efficiency of 98.8%, featuring 3/4 Maximum Power Point Trackers (MPPTs), 6/8 strings per inverter, and more. Reducing size and weight by 60%, the MID X2 series boosts DC/AC ratio and lower Levelized Cost of Energy (LCOE).

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.