Brookfield targets $10 billion of renewable assets under management in India in four years
Brookfield Asset Management targets to more than triple renewable energy assets under management in India to over $10 billion within the next three to four years.
Mahindra Susten to set up 150 MW hybrid wind-solar plant
Mahindra Group’s renewables arm Mahindra Susten will develop a 150 MW hybrid wind-solar project for offtake by commercial and industrial (C&I) customers. The total project cost is about INR 1,200 crore.
Canada’s SPARQ Systems enters PV microinverters partnership with Jio
Canada-based microinverter company SPARQ Systems has entered into a partnership agreement with JioThings, a fully owned subsidiary of Jio Platforms Ltd. of Reliance Industries, to supply the Indian conglomerate with PV microinverters.
Brookfield, Axis form second JV to develop renewable energy projects
Brookfield and Axis Energy Ventures had earlier formed a joint venture platform ABC Renewables to develop renewable energy projects. The latest JV will have up to $845 million of equity investment by Brookfield.
CleanMax raises $360 million from Brookfield
The solar and wind project developer said the fund raised from Brookfield Renewable will support its growth plans of becoming a 5 GW+ platform over the next three to four years.
Adani to launch hydrogen-powered mining truck pilot
The hydrogen-powered truck for mining logistics and transportation will have the vehicle platform developed by Ashok Leyland and fuel cell technology from Canada’s Ballard Power Systems.
Canadian pension fund invests in Mahindra’s renewables arm
Mahindra Group has agreed to sell a 30% equity stake in Mahindra Susten to the Ontario Teachers’ Pension Plan for around $300 million. The two parties have also agreed to set up an infrastructure investment trust so Mahindra Susten can strengthen its solar, hybrid energy, and integrated storage businesses, as well as its round-the-clock green energy plants.
Lithium-ion fire fears spark recall of 433,000 solar LED umbrellas in US, Canada
The US Consumer Product Safety Commission and Health Canada have issued a joint recall of patio umbrellas due to fires caused by the overheating of lithium-ion batteries.
Torrent Power acquires 50 MW solar plant from Canadian developer SkyPower
The solar plant, located in Telangana, benefits from a 25-year power purchase agreement (PPA) with the State discom at a fixed tariff of approx. INR 5.35/kWh. It has a remaining useful life of approx. 20 years.
Adani Group to explore hydrogen fuel cell manufacture in India
Adani and Canadian PEM fuel cell producer Ballard Power Systems will examine various co-operation opportunities including fuel cell production.
