Greenko raises fresh $550 million from Singapore and Abu Dhabi investors
This is the third round of Greenko investment by Singapore’s sovereign wealth fund GIC Holdings and Abu Dhabi Investment Authority (ADIA), taking their total in the Indian renewable energy firm to $2 billion.
Singapore fund and British developer eye stake in UK government’s south Asian renewables company
U.K. developer Lightsource BP – in which oil and gas giant BP has a significant minority stake – and its Singapore fund partner EverSource Capital are reportedly ready to take up all the $100 million slice of Ayana Renewable Power which is being put up for sale.
India gets its first grid-scale battery energy storage system
The 10 MW grid-scale energy storage system at Tata Power Delhi Distribution’s Rohini Substation is also said to be South Asia’s largest.
Hybrid solar container system launched for off-grid markets
The PV system was launched recently by The Energy and Resources Institute (TERI), in partnership with STEAG Energy Services. It can provide 24-hour electricity even without grid connection, and is expected to generate around 10,000 kWh annually.
NTPC eyes 1 GW solar projects in Africa
The state-owned power generator will follow the bidding route for development of solar projects in African countries that are members of the International Solar Alliance.
Suzlon sells subsidiary to Ostro Energy
Suzlon has sold its majority stake in subsidiary Prathamesh Solarfarms for Rs 57.09 crore. It had set up the subsidiary, in partnership with Ostro Energy, for a 50 MW solar project at Wanaparthy in Telangana.
ABB to install microgrid with energy storage at IIT Roorkee
Setting up of the microgrid with battery energy storage is part of an extended R&D collaboration between ABB and the Indian Institute of Technology, Roorkee to create platforms for research on smart city technology deployment.
NLC prepares way for 1 GW of solar in Tamil Nadu
State-owned NLC India Ltd – formerly the Neyveli Lignite Corporation – has signed a memorandum of understanding with the government of Tamil Nadu to set up a 1 GW solar project in the state.
Government to launch Solar Energy Harnessing Centre at IIT Madras
Union Minister for Science & Technology, Dr Harsh Vardhan will launch the solar technology centre at IIT Madras on January 25, 2019. The Centre will focus on a wide range of research and development activities such as silicon solar cells that promise high efficiency and are suited for Indian conditions.
Abu Dhabi’s Masdar in race to buy Hero Future stake
Abu Dhabi based Masdar Clean Energy is in talks to acquire a 30-35% stake in Hero Future Energies. With the stake sale, the renewable energy arm of Hero Group expects to raise $300-350 million for its expansion into global markets, according to reports.
