BC Jindal Group’s JIRE eyes operational asset acquisitions to achieve 5 GW renewable energy target
BC Jindal Group’s renewable energy arm, Jindal India Renewable Energy (JIRE), is looking to expand its RE capacity by acquiring operational assets in India and globally. The acquisitions will be funded through a mix of internal accruals and debt.
Trump orders pause to IRA funding
An executive order released by the White House states, “All agencies shall immediately pause the disbursement of funds appropriated through the Inflation Reduction Act of 2022”.
TOPCon IP battle intensifies with Qcells launching infringement notices
Qcells has launched an intellectual property (IP) dispute over alleged unauthorized use of its patented laser-enhanced contact opening (LECO) tech in tunnel oxide passivated contact (TOPCon) solar cells. The case underscores rising tensions in the PV industry over TOPCon patents.
IESA projects over $500 million investment in Indian battery, mobility startup ecosystem within a year
Bharat Battery Show, part of the Bharat Mobility Global Expo 2025, saw participation of one hundred startups. Many of these startups are seeking funding from major conglomerates and investment firms.
Avaada Group closes $1 billion financing for its diverse projects for Q3 FY 2025
Avaada Group has completed INR 8,500 crore ($1 billion) in financing/refinancing for its large-scale solar projects, agrivoltaic projects under the PM-KUSUM scheme, commercial and industrial (C&I) projects and solar module manufacturing facilities.
CleanMax secures financing for onsite solar projects in UAE
CleanMax has secured AED 99 million ($27 million) long-term credit facility from HSBC to develop and finance its onsite solar portfolio in the United Arab Emirates.
Essar Renewables to develop 2 GW of renewable energy projects for its green mobility initiative in Maharashtra
Essar Renewables will invest around INR 8,000 crore in a mix of round-the-clock renewable energy projects, primarily aimed at supporting the electric vehicle truck charging ecosystem of Blue Energy Motors and Greenline.
Kerala launches 125 MW/500 MWh battery storage tender
NHPC is accepting proposals to set up 125 MW/500 MWh of standalone battery energy storage systems on a build-own-operate basis in Kerala. The projects will be eligible for central financial assistance in the form of viability gap funding.
Blue Energy to set up EV truck, battery manufacturing facility in Maharashtra
Blue Energy Motors has signed an agreement with the Government of Maharashtra to set up a manufacturing facility designed to produce 30,000 EV trucks annually. The facility will also house a battery pack line.
S&P Global: Annual battery cell production passes 10 billion, lower prices to stimulate demand
While oversupply remains a feature of the lithium-ion battery production landscape, large production volumes are accelerating innovation and enhancing energy storage competitiveness. S&P Global analysis reveals that balance is likely to return to the global market in the coming years as stationary energy storage and EV adoption continues to accelerate.
