Alpex Solar to double PV module capacity to 2.4 GW by FY 2026
Alpex Solar plans to double its PV module manufacturing capacity to 2.4 GW by FY 2026. The company is also exploring gigawatt-scale solar cell manufacturing.
Sunsure Energy secures debt finance for 75 MWp of open-access solar projects
Sunsure Energy has secured INR 226 crore ($27 million) long-term debt financing from Tata Capital Ltd to support its 75 MWp of open-access solar projects in Uttar Pradesh.
Adani Green, TotalEnergies partner for over 1 GW of solar projects in Khavda
Adani Green Energy Ltd (AGEL) and TotalEnergies have agreed to create a new joint venture to accelerate the development of 1,150 MWac (1,575 MWp) of solar projects in Khavda, Gujarat. AGEL will contribute its current assets to the joint venture, while TotalEnergies will inject $444 million.
ACWA Power secures $2.6 billion for 5.5 GW of solar in Saudi Arabia
ACWA Power has obtained $2.6 billion through a consortium of banks for three solar plants in Saudi Arabia, with a combined capacity of 5.5 GW.
The Hydrogen Stream: Adani, Advait, Waaree secure capacity in SECI’s second electrolyzer tender
Solar Energy Corp. of India (SECI) has allocated 1.5 GW of capacity to eleven companies in its second electrolyzer manufacturing tender.
AM Green brings million-ton green ammonia project to FID
AM Green Ammonia has reached final investment decision (FID) on its first million-ton green ammonia project in Andhra Pradesh. Majority of production from the plant will be exported to Europe.
Tata Power Solar partners ICICI Bank for easy financing to residential and corporate customers
ICICI Bank will provide low-cost loans to residential and corporate customers for purchase of Tata Power solar panels.
BC Jindal Group enters renewable power generation, solar manufacturing
BC Jindal Group, a flexible packaging film and downstream steel product manufacturer, has formed a dedicated entity, Jindal India Renewable Energy (JIRE), with an aim to generate 5 GW of power from solar, wind, hybrid and FDRE modes. JIRE will also manufacture solar PV cells and modules.
Premier Energies IPO to open for subscription from Aug. 27
Premier Energies intends to use INR 968.6 crore from the net proceeds to part-finance the establishment of a 4 GW TOPCon solar cell and module manufacturing facility in the Hyderabad district of the Indian state of Telangana. Amount not exceeding 25% of the gross proceeds will be utilized for general corporate purposes.
Exide Industries invests INR 75 crore in lithium battery arm
Exide Industries Ltd has invested INR 74.99 crore in lithium battery arm Exide Energy Solutions by way of subscription to the equity share capital on rights basis.
