Mahindra Electric to develop integrated electric mobility ecosystem in Tamil Nadu
The EV manufacturer will develop a complete system encompassing electric vehicles (EVs), smart parking, charging infrastructure and software integration platform NEMO for the experimental township of Auroville in Tamil Nadu. Mahindra has also unveiled an energy storage solution for EVs and will help harness renewable power.
Enphase Energy to Set Up 4.5MW Solar PV Plant in India
Located in Hosapet, Bengaluru, this solar PV power plant will be the largest Enphase microinverter-based solar installation globally. Occupying 72,843 sq.m (18 acres) and powered by 13,235 microinverters, it will provide more than 7500 MWh of clean power annually to businesses in the state of Karnataka through a mix of short- and long-term power purchase agreements
Statkraft acquires BLP’s shares in distributed solar venture
Statkraft and Bharat Light and Power (BLP) have decided to end their partnership for distributed solar PV solutions. As per the agreement, BLP will sell its stake in joint venture Statkraft BLP Solar Solutions (SBSS) to Statkraft.
Bangladesh to buy 2 GW of solar power from India
Bangladesh will buy at least 2 GW of solar power from India, which will be mostly produced from large PV power projects in the states of Gujarat and Rajasthan, according to reports.
UK, India strengthen solar ties with new commitments
The governments of the U.K. and India have announced a new green fund, managed by Lightsource BP and the Everstone Group, which will see up to £500 million invested in green energy in India. The U.K. has also joined the Indian-led International Solar Alliance (ISA).
ISA and India sign host country agreement
At signing event of the ISA, MNRE head, RK Singh emphasized need for solar industry to set up energy infrastructure in other ISA member countries.
ISA to sign 121 solar projects by 2nd edition of Global RE-INVEST in April 2018
50 projects will be signed on March 11, 2018 during ISA Solar Summit, and 71 will be signed on April 20, 2018 at RE-Invest summit. Now, with five new countries, Madagascar, Gabon, Rwanda, Sri Lanka, and Uganda, the number of nations to have ratified the International Solar Alliance (ISA) framework agreement has reached 26.
Adani to build 1 GW+ renewable energy in Andhra Pradesh
Adani Group has signed a MoU with Andhra Pradesh government for the development of more than 1 GW of renewable energy in the state.
India: Shell may acquire majority stake in Fourth Partner Energy
Shell is rumored to be interested in acquiring a majority stake in Fourth Partner Energy, a rooftop solar power firm based in Hyderabad, India.
Rockefeller Foundation, Ckers Finance partner to develop India’s decentralized renewable energy sector
U.S.-based Rockefeller Foundation has partnered with cKers Finance, a New-Delhi based finance company, to help develop the decentralized renewable energy (DRE) sector in India. cKers will invest $50 million across DRE and sustainable energy portfolio in the near term.
