Fourth Partner Energy raises additional $42.3 million in equity funding from Norfund
The corporate solar solutions provider has raised an additional equity investment of INR 350 crore ($42.3 million) from Norfund after receiving $100 million in 2021. It is also tying up with IFC for INR 560 crore fund to execute projects in India.
C4V, Trot Solutions tie up to develop green ports in India
C4V, a New York-headquartered lithium-ion cell technology company, has tied up with UAE-based Trot Solutions to develop green ports in India. The alliance has started to discuss with the port operators for its first green port project at Jawaharlal Nehru Port Terminal in India.
PPA prices fell 11% in Europe in May, says Pexapark
Pexapark says that prices for power purchase agreements (PPA) fell 11% in Europe in May. Germany and Spain were the largest markets for PPAs, with deals totaling 245 MW and 317 MW, respectively.
Germany deployed 6.26 GW of solar in H1
Germany installed more than 1 GW of new PV systems in June alone. Its cumulative installed PV capacity hit 73.8 GW at the end of the first half of this year.
Tata Group to invest over $5 billion in 40 GWh UK battery fab
Tata Group will build a 40 GWh battery factory in the UK to produce batteries for Jaguar Land Rover (JLR) and other EV manufacturers in the UK and Europe.
EIB to provide EUR 1 billion for India’s National Green Hydrogen Mission
European Investment Bank (EIB) Vice-President Kris Peeters will confirm a EUR 1 billion loan for India’s National Green Hydrogen Mission on his four-day business visit to India this week.
Tata Steel, UK to support low-carbon hydrogen projects for industrial decarbonization
The Indian steel giant, along with the UK government, has opened a call for innovative projects in low-carbon hydrogen to decarbonize the industrial sector. Two selected projects will be awarded £80,000 (INR 83 lakh) and provided priority access to Tata Steel’s integrated steel plant.
Africa50 signs MoU with International Solar Alliance to support PV projects across Africa
Africa50 and International Solar Alliance (ISA) will leverage each other’s networks to mobilize funding and raise awareness of African solar projects in European and Indian markets.
Developer using membranes to increase bifacial solar module yield by 6.4%
Germany-based Solar Kapital has used membranes at three of its PV plants in Greece. It claims that the payback time of the new solution is relatively short.
Spain targeting 56 GW of new solar by 2030 under new energy strategy
The Spanish government says it aims to deploy 76 GW of cumulative PV capacity and 22 GW of storage by the end of this decade. The old version of the national energy strategy had set a PV target of 39 GW.
