State Bank of India signs €150 million solar loan agreement with Germany’s KfW
The State Bank of India (SBI) has signed the agreement with KfW Development Bank for availing a second low-interest loan of €150 million. It will use the amount to finance solar farms with outputs between 50 and 250 MW.
UK-backed Neev Fund invests $25 million in Hygenco
Haryana-based Hygenco plans to develop and rapidly scale up multiple green hydrogen facilities across India in the next two years.
Mondragon Assembly will develop a multi-GW automated manufacturing line for BVG Ltd
It will be one of the largest and most automated lines in North India, with the capacity to produce higher power modules with larger cells. The first phase will have a production capacity of 500 MW.
ISA Assembly approves payment guarantee mechanism for solar projects in Africa
The fifth assembly of the International Solar Alliance (ISA) approved Solar Facility, a payment guarantee mechanism to mitigate risks associated with solar projects in Africa.
REC places order for Maxwell’s HJT solar line
Maxwell Technologies will supply 600 MW of manufacturing equipment for REC’s latest heterojunction (HJT) innovation, REC Alpha Pure-R.
Saatvik joins PV Cycle initiative for solar waste recycling
Indian manufacturer Saatvik has joined Belgium-based PV Cycle’s recycling scheme for damaged solar modules.
German state supports balcony solar power generation via rebate program
The government of Mecklenburg-Vorpommern has allocated €10 million ($9.93 million) to support the deployment of balcony solar modules with a power output of up to 600 W.
Norfund, KLP to buy 49% in Enel’s 420 MW solar project
The Norwegian Climate Investment Fund, managed by Norfund, and KLP, Norway’s largest pension company, have signed a deal to raise a 49% stake in a 420 MW solar power plant in India developed by Italy’s Enel Green Power.
Long-term, heat-based energy storage in aluminum
Nine partners from seven European countries are involved in the €3.6 million ($3.7 million) “Reveal” research project, which says buildings could be heated in the future by storing energy from PV, wind and water in aluminum.
REC to showcase new Alpha Pure-R solar panels at REI
REC, a Norwegian solar panel specialist, will exhibit the latest module in its award-winning REC Alpha line at the Renewable Energy India (REI) exhibition in September. It will also join forces with its new owner, Reliance Industries Ltd., to recruit new talent for a planned solar gigafactory in India.
