Saatvik establishes US subsidiary
The Indian solar manufacturer will sell its made-in-India PV modules in the USA through the newly opened office in Texas. Going forward, it plans to set up an overseas manufacturing facility too.
Rayzon Solar to manufacture TopCon modules in USA
Chirag Nakrani, director of Rayzon Solar, told pv magazine that their 500 MW PV module manufacturing facility in the USA will start production of TopCon modules by June 2024.
GameChange Solar promotes Vikas Bansal to President, International
In the new role, Vikas Bansal is tasked with scaling the international business of GameChange Solar, developing and executing the strategy to enter new markets, and developing delivery capabilities needed to cater to the exponential growth.
BrightNight partners with ACEN to develop over 1.2 GW hybrid renewable energy projects in India
ACEN Corp., the renewable energy arm of Filipino conglomerate Ayala Corp., will deploy $250 million equity plus related performance guarantees to support US-based BrightNight’s existing hybrid renewable energy portfolio and future growth in India.
Tata Power Renewable completes $525 million equity fundraising from BlackRock, Mubadala
The investment will fund Tata Power Renewable’s aggressive growth plans as it targets over 20 GW of renewables assets and a market-leading position in the rooftop and electric vehicle charging space across India over the next five years.
IIT-Madras Research Park signs thin-film R&D MoU with First Solar
IIT Madras Research Park and US-based First Solar will cooperate on a range of research and development (R&D) activities including the localization of thin film and other next-generation PV technology supply chains in India, high-volume manufacturing, PV module testing, and high-value recycling.
Beam Global awarded Indian patent for smart battery management system
The US-based company has been granted patents in India and China for its smart battery management system that monitors the thermal storage capacity of the phase-change material and automatically adjusts the power output of the battery packs and cells.
ACE Green to set up lithium battery recycling plants in India
US-based ACE Green is setting up lithium battery recycling plants in Uttar Pradesh and Gujarat, where it will use a zero-waste hydrometallurgical recycling process to extract valuable materials from dead batteries.
Enfinity Global adds 205 MW of solar energy capacity in India
US-based Enfinity Global has commissioned 135 MW of solar projects in Maharashtra. It has also acquired 70 MW of operational assets in Telangana and Karnataka.
Ernst & Young again ranks India as world’s most attractive solar market
India is the top market for solar investment, according to the latest edition of Ernst & Young’s renewables attractiveness index. Spain, Germany and the United States are the top three markets for corporate power purchase agreements (PPAs).
