Tecchren Batteries will establish a 200 MWh LiFePO4 battery manufacturing unit at Sri City in the state of Andhra Pradesh. Set up after an investment of Rs446 crore, the unit will produce approximately 700,000 li ion batteries per year.
With the International Renewable Energy Agency’s number-crunchers predicting almost 5.4 GW of new solar across the six Gulf Cooperation Council nations today, Suhail Mohammed Faraj Al Mazroui said his nation alone would install 6-7 GW of new renewables capacity by 2024, as pv magazine editor-in-chief Jonathan Gifford reports.
Global Infra Partners, KKR, Brookfield, I Squared Capital and Macquarie are reported to be among those eyeing the renewable energy assets of debt riddled Infrastructure Leasing and Financial Services.
Suzlon has sold its majority stake in Rudra Solarfarms for Rs 142.10 million. It had set up the subsidiary, in partnership with AMP Solar, in order to execute a 15 MW solar project in Telangana.
IRENA says technologies for 3D rooftop footprint generation and solar irradiation modelling are becoming increasingly cheap, making them suitable for deployment anywhere in the world. Developing cities could access such technical resources to plan rooftop PV development.
Government-owned Bharat Heavy Electricals Limited has won an EPC order for setting up the solar PV power plants across four locations.
Known as the “roof of the world,” the scenic Ladakh region in the Indian state of Jammu and Kashmir will soon host the world’s largest single-location PV plant.
Beijing has outlined a series of policies mandating local and provincial authorities, state-owned banks and grid operators to pull out the stops to drive the rapid escalation of subsidy-free PV projects. The announcement has seen Chinese solar stocks on the rise.
The Gujarati multinational will invest Rs700 billion to set up world’s first 100% renewable powered data center parks in the state.
Mercom Capital’s latest report on financial activity in the solar sector illustrates an increasing flow of capital towards downstream companies and PV projects – as well as a split between China and the rest of the world.
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