Government-owned Bharat Heavy Electricals and the Automotive Research Association of India will combine their respective strengths in technology development and testing and certification to work on electric and trolley buses, EV chargers and battery and charger testing.
The Mumbai-based commercial solar player—which aims to more than double its customer base from 120 corporates to 300 by 2022—will use the amount to support its expansion of renewable energy portfolio from 500 MW to 2 GW in the next three years.
Lead-acid battery manufacturer Exide Industries has entered into 26-30% equity shareholding agreement with Singapore-based Cleantech Solar Energy for three captive solar power plants to be set up for its manufacturing units in Tamil Nadu, Haryana and Maharashtra.
Pune-based Electronica Finance Limited (EFL) has raised $10 million from a climate fund managed by Swiss impact investor responsAbility to diversify its SME lending offering and to expand into financing solar PV for the commercial and industrial markets.
The joint venture has started a prototype manufacturing operation in Pune, India, to design, engineer, manufacture and supply Lithium-ion battery packs for 4-wheeler electric vehicles in India.
Suzlon Energy is selling Shreyas Solarfarms and Aalok Solarfarms to Ostro Energy—a wholly owned subsidiary of independent power producer ReNew Power—for Rs 19.87 crore and Rs 9.93 crore, respectively.
Tata Power will set up rooftop solar projects for Indraprastha Gas Limited (IGL) establishments. The two companies will also explore the feasibility of large-scale ‘group captive’ solar power projects for IGL’s own consumption, and commercial-scale charging and/or battery swapping stations for electric vehicles.
Bolivia will provide India with access to its lithium carbonate, and also facilitate joint ventures for lithium battery/cell production plants in India. The partnership will provide a major fillip to India’s ambitious e-mobility plans.
The two state-owned units will jointly pursue commercial solar power projects through participation in tariff/viability gap funding (VGF) based competitive bidding.
Suzlon Energy sold to CLP Wind Farms its majority stakes in SE Solar and Gale Solarfarms for Rs 76.55 crore and Rs 22.54 crore, respectively. It had set up these subsidiaries, in partnership with CLP India, for a 100 MW solar project in Telangana and a 50 MW project in Maharashtra.
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