The Israeli developer of module cleaning robots—which has secured over 7 GW of projects globally—will deploy its connected and water-free E4 solution for Fortum projects in Pavagada and Bhadla solar parks.
The clean tech company will use the amount to fund its expansion as it plans to reach 5 GW of solar capacity in the next two or three years.
The projects—to be developed in ‘Capex’ mode—are part of the coal producer’s planned solar capacity of around 3 GW to emerge as a net zero energy company. Bidding closes on November 25.
The partnership will leverage the market intelligence of Sunvest and the tech-driven platform of U GRO in lending to MSMEs for rooftop solar.
The ‘intelligent’ racking solutions provider has joined hands with Norwegian aluminium producer Hydro Extrusion’s India arm to manufacture PV racking for rooftops. The manufacturing unit—located in Bengaluru—is eyeing at least 20 MW of business from India in the next six months.
The investment will increase Caisse de dépôt et placement du Québec’s equity stake in the NYSE-listed solar developer to 49.4% from current 41.4%.
The ‘Skills for Sustainable Growth’ project will be implemented by Siemens in partnership with India’s Ministry of Skill Development and Entrepreneurship and German development agency GIZ.
Jal Shakti minister Mahendra Singh wants to achieve a win-win by wiping out his department’s Rs3,000 crore electricity bill and selling clean energy to the Ministry of Power. His solution involves ambitious plans for floating PV in Uttar Pradesh.
TP Renewable Microgrid—the joint venture of India’s integrated power company and the US-based impact investor—is said to become the world’s largest microgrid developer and operator with plans to set up 10,000 microgrids by 2026.
Having extended around two billion euros for clean energy projects, Germany will now support India in improving green urban mobility infrastructure, solutions and services in cities. Furthering its support for clean energy transition, it will also provide concessional loan of 200 million euros for a DISCOM investment facility in India.
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