The automotive battery major will invest INR 9,500 crore over the next ten years to set up a 16 GWh lithium cell factory, 5 GWh battery pack assembly unit, and research and innovation center in Telangana.
The company already has a state-of-the-art lithium battery recycling plant in Roorkee, Uttarakhand, with a recovery efficiency of more than 98% across various battery materials. It said the new plant in Telangana will increase its Li-ion battery recycling capacity to 19,500 MT by the end of 2023 from the current 4,500 MT.
The Indian manufacturer’s facility at Electronic City in Telangana has become the first LEED Gold-rated solar cell and module manufacturing facility in India. It received the stringent green building rating from the US Green Building Council.
The Indian renewable energy producer has acquired 55 MW of operating solar assets from module manufacturer Emmvee. The capacity includes 40 MW of utility-scale PV plants in Karnataka and 15 MW of commercial scale in Telangana.
Visaka Industries’ patented Atum solar roof will cover a 4,200 sq.ft area and produce 70 kW of power to run the lab at Anant University’s Ahmedabad campus.
Saatvik has supplied 62 MW of solar modules to NTPC’s 100 MW (AC) Ramagundam floating solar project.
Torrent Power has bought a 50 MW solar plant in Telangana that supplies power to Northern Power Distribution at a tariff of about INR 5.35 ($0.069)/kWh, fixed for the entire 25-year duration of the power purchase agreement. The project has a remaining useful lifetime of about 20 years.
Premier Energies and Azure Power have signed a strategic alliance under which Azure will invest in Premier’s 1.25 GW mono PERC cell and module facility in Telangana. It will also source 2.4 GW of solar modules from the plant over the next four years.
SCCL is tendering an engineering, procurement and construction contract for a grid-interactive solar plant at Singareni Collieries Company’s Ramagundam site in Telangana. Bidding closes on June 15.
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.
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